Lot 2 - 291 High Street, Bangor, LL57 1UL

City Centre Retail Investment

Description

A mid terraced ground floor retail unit occupying a 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. The property provides ground floor retail space with ancillary wc facility. It is occupied by one tenant at a rental of £12,000 per annum.
VAT is applicable on this purchase

Accommodation

Unit Size (Sq Ft) Size (Sq M) Tenant Lease Details Rental
Ground floor retail unit 402 37 Mrs Forrest 7 years from December 2012 £12,000

Tenure

Advised Freehold - to be verified by solicitor

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Sold for £53,100

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Guide Price*:
£46,000+
Documents


Office Contact
Paul Fosh

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Paul Fosh Auctions, 01633 254 044
01633 254044

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