For sale 239 High Street Bangor LL57 1PA May 2017
08449 02 03 04 gva.co.uk/9099
239 High Street, Bangor
Highlights ─ Ground floor and
basement let to Orchid Fashion Co Ltd ─ Producing £12,000 per
annum ─ Vacant, self-contained
accommodation on first and second floors ─ Asset Management /
develop opportunity ─ NIA of the ground floor
and basement accommodation 260.32 sq m (2,802 sq ft) ─ Prominent frontage onto
High Street ─ Unconditional offers are
invited in the region of £160,000
Location The property is located in the heart of Bangor City Centre, occupying a prime position to the southern side of High Street, the main retail pitch within the city. The property is situated 500 ft south of the Deiniol shopping centre and lies 400 ft south east of Waterloo Street. National multiple retailers within the immediate vicinity include River island, Topman/ Topshop, Wallis, New look, Burton, Clarks, Boots, Carphone Warehouse, Sportsdirect, HMV, Costa and KFC. The city’s population within the primary catchment area is approximately 168,000, with an estimated shopping population of 80,000, both significantly above the national small town average (Promis). Major road access into Bangor comes via the junction 11 of the A55 connecting Bangor to key west English cities such as Liverpool, Manchester and Chester. The A55 provides easy access to both the M56 and the M6. The major road access connecting Bangor to Cardiff is the A470. Chester provides connecting services to London Euston with a fastest journey time of 3 hours and 16 minutes. Regular services are available to Cardiff in 4 hours and 8 minutes and Liverpool in 1 hour and 50 minutes.
Description
Tenure
Asking Price
The property comprises a four storey terrace building with traditional retail frontage onto High Street. The property is of masonry construction under a multi pitched slate roof, with timber frame windows and rendered elevations. The unit consists of ground floor retail with ancillary accommodation to the basement level. The first and second floor accommodation is vacant and has self-contained access onto the High Street. Subject to planning, there is the opportunity to convert the upper floors to a residential use.
The property is held freehold under title number WA701417.
Unconditional offers are Invited in the region of £160,000.
Tenancy
VAT & Legal Costs
The ground floor and basement levels of the property are let to Orchid Fashion Co Limited at £12,000 per annum for 2 years commencing 31 March 2017. The landlord can break at any time by serving a 3 month notice.
All prices are quoted exclusive of, but may be subject to VAT. Each party is to bear their own legal costs.
Accommodation
Billing Authority: Gwynedd
Rating Assessment Total Aggregate Rateable Value: £27,194
Rate in the £ for 2017/18 is 46.6p. Description
Sq m
Sq ft
EPC
Basement / Ground Floor Retail Unit
174
1,872
The EPC rating is band D. A copy can be made available upon request.
First and Second Floor Accommodation
86.32
930
Services
Total
260.32
2,802
We understand that all main services are connected to the property. Interested parties should rely on their own enquiries with the relevant statutory undertakers.
For further information please contact: Ian Whittaker 0161 956 4303
[email protected] Henry Prescot 0151 324 0457
[email protected] Property ref gva.co.uk/9099
Our offices: Birmingham Bristol Cardiff Dublin Edinburgh Glasgow Leeds Liverpool London Manchester Newcastle
GVA Norfolk House, 7 Norfolk Street, Manchester M2 1DW GVA is the trading name of GVA Grimley Limited an Apleona company. ©2017 GVA
May 2017
File number: 04B516470
GVA hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent GVA is in this brochure is provided on the following conditions: (1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract. (2) All descriptions, dimensions and references to this property’s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise.
(3) (4) (5)
No person in the employment of GVA, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure. All prices quoted are exclusive of VAT. GVA shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by GVA.