Features

Description

68 Main Street, Bangor BT20 5AA

  • Modern spacious retail accommodation
  • Unit Let on a 7 year lease until October 2030
  • Currently generating a yield of 7.5%
  • Excellent investment opportunity
  • Town centre location with high visibility corner frontage
  • Circa 152sqm (1635sqft) retail space over two floors
  • Ground and first floor storage accommodation of circa 55sqm (596sqft)
  • Office and staff room on second floor
  • NAV: £19,000 with an estimated rates burden for 2020/21 of £9,703.87
  • Viewing Strictly by Appointment through Agent

Excellent investment opportunity.

Situated in Bangor’s main shopping thoroughfare of the traditional town centre, this prominent shop unit is located on the corner of Main Street and King Street. Currently Let on a 7 year lease until October 2030 and generating a yield of 7.5% (lease on normal commercial terms).

Offering bright, modern retail space on both ground and first floor with ancillary storage and office/staff room accommodation over three floors.

The tenant is responsible for the rates on the property. The N.A.V for rating purposes is £19,000 which precipitates rates burden for 2023/24 of £10,293.06

Ground Floor
Retail Area 102sqm/1100sqft
Air conditioned retail space with corner frontage to Main Street. Entrance is via a set of double doors, accessed via Main Street (shutter installed).

Store 5sqm/56sqft
Air conditioned retail space with corner frontage to Main Street.

First Floor
Retail Area 50sqm/540sqft

Store 50sqm/540sqft

Second Floor
Kitchen/Staffroom 18sqm/200sqft

Offices15sqm/160sqft

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