Acquired
Bangor – Barber Shop
291 High Street, Bangor, Gwynedd LL57 1ULFreehold Shop Investment
Tenure
Freehold
Lease Term
6 Years and 11 Months
Years Left on Lease
1y 9m
Area
462 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- 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
Key Features
Tenure
Freehold
VAT
VAT is Applicable
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)
The property provides the following accommodation and dimensions:
Ground Floor Shop: 43.00 sq m (462 sq ft)
Tenancy Description
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.
Tenancies & Accommodation
Location Description
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.