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SOLD STC

291 High Street, Bangor, Gwynedd LL57 1UL

Fixed Price
£95,000

£205.63 per sq ft

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE

462 sq ft

43 sq m

SECTOR

High street retail property for sale

USE CLASSUse class orders: A1 Shops

A1

Key features

  • The property provides ground floor retail space with ancillary WC facility
  • VAT is applicable to this property
  • A mid terrace ground floor retail unit occupying a prominent trading position in the heart of Bangor town centre
  • Surrounding occupiers including Boots, Costa Coffee, H&M and JD Sports

Description

Investment Consideration:
Gross Initial Yield: 8.21%
Rental Income: £7,800 p.a.
VAT is applicable to this property
The property provides ground floor retail space with ancillary WC facility
A mid terrace ground floor retail unit occupying a prominent trading position in the heart of Bangor town centre
Surrounding occupiers including Boots, Costa Coffee, H&M and JD Sports

Property Description:
The property provides ground floor retail space with ancillary WC facility.

The property provides the following accommodation and dimensions:
Ground Floor Shop: 43.00 sq m (462 sq ft)

Tenancy:
The shop is at present let to an Individual for a term of 6 years and 11 Months from 16th October 2020 at a current rent of £7,800 per annum and the lease contains full repairing and insuring covenants. The lease provides for rent review on the third and sixth anniversary. No break clause.

Location:
The property is situated in prominent trading position in the heart of Bangor town centre with surrounding occupiers including Boots, Costa Coffee, H&M and JD Sports. Bangor is an important historic Cathedral and University city located on the edge of the Menai Strait at the foot of Snowdonia National Park. The city is situated off the A55 North Wales Express Way approximately 9 miles north east of Caernarfon and 50 miles west of Chester.

Brochures

291 High Street, Bangor, Gwynedd LL57 1UL

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bangor Station0.7 miles
  • Llanfairpwll Station3.6 miles

About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

Notes

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Disclaimer - Property reference Bangor. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Blue Alpine, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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