Lease renewed from a previous 15 year lease with a re-based rent
Pedestrianised position on High Street
Important University and Cathedral City
Nearby occupiers include New Look, WH Smith, Pandorer and Santander Bank
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 85
Auction 13th October 2016
Rent £27,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
15 miles west of Colwyn Bay, 20 miles south-west of Llandudno, 60 miles west of Chester
Roads
A5, A55, A487
Rail
Bangor Railway Station
Air
Liverpool John Lennon Airport, Anglesey Airport
Situation
Bangor is an important University and Cathedral City some 4 miles west of Snowdonia National Park. The property is situated on the north side of pedestrianised High Street in the City Centre, close to its junction with Waterloo Street and some 60 metres to the south of the Deiniol Shopping Centre. Nearby occupiers include New Look, WH Smith, Pandorer and Santander Bank.
Tenure
Freehold.
Location
Miles
15 miles west of Colwyn Bay, 20 miles south-west of Llandudno, 60 miles west of Chester
Roads
A5, A55, A487
Rail
Bangor Railway Station
Air
Liverpool John Lennon Airport, Anglesey Airport
Situation
Bangor is an important University and Cathedral City some 4 miles west of Snowdonia National Park. The property is situated on the north side of pedestrianised High Street in the City Centre, close to its junction with Waterloo Street and some 60 metres to the south of the Deiniol Shopping Centre. Nearby occupiers include New Look, WH Smith, Pandorer and Santander Bank.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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
Review/(Reversion)
Ground First Second
Retail Ancillary Ancillary
52.80 sq m 42.44 sq m Not Measured
(568 sq ft) (457 sq ft)
TUI UK LIMITED t/a Thomson (1)
5 years from 17/07/2015 on a full repairing and insuring lease
£27,000
16/07/2020
Totals
104.18 sq m
(1,121 sq ft)
£27,000
(1) TUI Group is the world's number one tourism business serving 30 million customers and operating from 1,800 travel agencies, six airlines, over 130 aircraft and 300 hotels and 13 cruise liners with some 76,000 employees. It is jointly listed on the London and Frankfurt Stock Exchanges (Source: www.tuigroup.com).