Freehold Retail Investment
Freehold Retail Investment
Bangor is an important university and cathedral city some four 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 WH Smith, Burton, Clarks, Dorothy Perkins and NatWest Bank.
Freehold.
Bangor is an important university and cathedral city some four 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 WH Smith, Burton, Clarks, Dorothy Perkins and NatWest Bank.
Freehold.
The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.
VAT is applicable to this lot.
The adjoining property 217A High Street is being offered as Lot 83
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.
VAT is applicable to this lot.
The adjoining property 217A High Street is being offered as Lot 83
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground First Second |
Retail Ancillary Ancillary |
98.28 sq m 78.71 sq m Not measured |
(1,058 sq ft) (847 sq ft) |
TUI UK RETAIL LIMITED Guaranteed by TUI UK Limited (1) |
5 years from 17/07/2015 on a full repairing and insuring lease (2) |
£27,000 | 16/07/2020 |
| Total |
176.99 sq m |
(1,905 sq ft) | £27,000 | ||||
(1) TUI UK Limited is part of the TUI Group, which is the world’s number one integrated tourism group operating in around 180 destinations worldwide. TUI Group’s share is listed on the FTSE 100 index. For the year ending 30/09/2017, TUI UK Retail Limited reported a turnover of £201,000,000, pre-tax profits of £1,000,000 and a net worth of £191,000,000 (Riskdisk 18/05/2018).
(2) The tenant option to determine the lease on 17/07/2018 has not been exercised.
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.
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?
