5 - 7 Bangor Street Caernarfon Gwynedd LL55 1AE

  • 5 - 7 Bangor Street<br>Caernarfon<br>Gwynedd<br>LL55 1AE

5 - 7 Bangor Street
Caernarfon
Gwynedd
LL55 1AE

Freehold Bank Investment

  • Majority let to Barclays Bank Plc
  • Barclays lease expires in 2028 (subject to option)
  • Recently refurbished offices on first floor
  • Potential to convert first floor to residential (subject to planning and consents)
  • Historic Royal town with famous castle
  • VAT-free bank investment
  • Lot
    26
  • Auction
    7th December 2017
  • Rent
    £11,700 per Annum
  • Status
    Sold
  • Price
    £155,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Interested?
  • Expand
  • Photos
  • Map

Freehold Bank Investment

  • Majority let to Barclays Bank Plc
  • Barclays lease expires in 2028 (subject to option)
  • Recently refurbished offices on first floor
  • Potential to convert first floor to residential (subject to planning and consents)
  • Historic Royal town with famous castle
  • VAT-free bank investment
  • Lot 26
  • Auction 7th December 2017
  • Rent £11,700 per Annum
  • Status Sold
  • Price £155,000
  • Sector
    Bank
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
7 miles south-west of Bangor, 24 miles south-west of Colwyn Bay
Roads
A487, A4086
Air
Liverpool John Lennon Airport
Situation

Caernarfon is an historic Royal town on the eastern shore of the Menai Strait, famous for its breathtaking castle. The property is prominently situated on the western side of Bangor Street, which connects to Eastgate Street and North Penrallt, in the heart of the town centre. JD Wetherspoon occupy a public house nearby, with Costa, Iceland and Peacocks amongst other national retailers also represented within the town.

Tenure

Freehold.

Location
Miles
7 miles south-west of Bangor, 24 miles south-west of Colwyn Bay
Roads
A487, A4086
Air
Liverpool John Lennon Airport
Situation

Caernarfon is an historic Royal town on the eastern shore of the Menai Strait, famous for its breathtaking castle. The property is prominently situated on the western side of Bangor Street, which connects to Eastgate Street and North Penrallt, in the heart of the town centre. JD Wetherspoon occupy a public house nearby, with Costa, Iceland and Peacocks amongst other national retailers also represented within the town.

Tenure

Freehold.

Description

The property comprises a ground floor banking hall with basement ancillary accommodation storage and recently refurbished self-contained offices on the first floor, accessed from Bangor Street.

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 banking hall with basement ancillary accommodation storage and recently refurbished self-contained offices on the first floor, accessed from Bangor Street.

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 Reviews
Ground

Basement		 Banking
Hall/Ancillary
Ancillary
99.18 sq m

43.10 sq m
(1,068 sq ft)

(464 sq ft)
 BARCLAYS BANK
PLC (1)		 20 years from
21/05/2008 until
20/05/2028 (2)		 £11,700 25/03/2019
25/03/2024
First Offices
77.73 sq m
(837 sq ft)
 VACANT - - -
Totals
220.01 sq m
(2,369 sq ft)
     £11,700  

(1) For the year ending 31st December 2016, Barclays Bank Plc reported pre-tax profits of £4,383,000,000 and a total net worth of £60,085,000,000 (Source: Experian Group 30/10/2017).
(2) The lease provides for a tenant option to determine in May 2023.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
WBW Solicitors Church House, Queen Street
Newton Abbot
Devon
TQ12 2QP
Tracey Pearce 01626 202 414traceypearce@wbw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

You may also be interested in

By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?