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Bangor – Freehold Barber Shop Investment

For sale: £95,000.00|462 Sq Ft|Retail, Retail - High Street, General Retail

Property details

FOR SALE£95,000.00
SIZE462 Sq Ft
ADDRESS291 High Street, Bangor, Gwynedd LL57 1UL
TYPERetail, Retail - High Street, General Retail
TENUREFor Sale Freehold
POSTED ON31st May 2020

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.

Location

marker
Location: 291 High Street, Bangor, Gwynedd LL57 1UL

Bangor (Gwynedd) (0.6 miles)

Llanfairpwll (3.5 miles)

Llanfairfechan (6.1 miles)

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