255 / 257 High Street Bangor Clwyd LL57 1PB

255 / 257 High Street
Bangor
Clwyd
LL57 1PB

Freehold Retail Investment

Prime position on pedestrianised High Street
Immediately adjacent to Menai and Deiniol Shopping Centres
Let to Redcastle Limited (trading as TopShop and TopMan)
Nearby occupiers include Holland & Barrett, W H Smith, NatWest, Shoe Zone and Lloyds TSB
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
17
Auction
21st May 2015
Rent
£70,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Prime position on pedestrianised High Street
Immediately adjacent to Menai and Deiniol Shopping Centres
Let to Redcastle Limited (trading as TopShop and TopMan)
Nearby occupiers include Holland & Barrett, W H Smith, NatWest, Shoe Zone and Lloyds TSB
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 17
Auction 21st May 2015
Rent £70,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 9 miles north-east of Caernarfon; 20 miles south-west of Llandudno; 60 miles west of Chester
Roads: A5, A55
Rail: Bangor Rail
Air: Liverpool John Lennon Airport, Anglesey Airport

Situation

The property is situated in a prime position on the western side of the pedestrianised High Street. Deiniol Shopping Centre, with occupiers such as H Samuel, Vodafone and Clinton Cards, is
immediately adjacent to the property and the Menai Shopping Centre is located nearby with occupiers including River Island, Superdrug, H&M and Debenhams. Other nearby occupiers include Holland & Barrett, W H Smith, NatWest, Shoe Zone and Lloyds TSB.

Tenure

Freehold.

Location

Miles: 9 miles north-east of Caernarfon; 20 miles south-west of Llandudno; 60 miles west of Chester
Roads: A5, A55
Rail: Bangor Rail
Air: Liverpool John Lennon Airport, Anglesey Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor
and retail and ancillary accommodation on the first floor.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First First	Retail Retail Ancillary	210.24 sq m 116.96 sq m 41.34 sq m	(2,263 sq ft) (1,259 sq ft) (445 sq ft)	REDCASTLE LIMITED (t/a TopShop and TopMan) (1) (2)	5 years from 25/03/2015 (2) on a full repairing and insuring lease	£70,000	24/03/2020
Totals		368.54 sq m	(3,967 sq ft)			£70,000

(1) Redcastle Limited is a subsidiary of Arcadia Group, which also owns brands including Miss Selfridge, Wallis and Dorothy Perkins. (Source: www.arcadiagroup.co.uk)
(2)For the year ending 31st August 2013, Redcastle Limited reported a turnover of £227,590,000, pre-tax profits of £39,099,000 and a total net worth of £312,455,000 (Source: www.riskdisk.com 09/04/2015).