275 High Street Bangor Gwynedd LL57 1UL

275 High Street
Bangor
Gwynedd
LL57 1UL

Freehold Retail Investment

Let to HMV UK Ltd (guaranteed by HMV Music Ltd)
Prime position on the pedestrianised High Street
Immediately adjacent to Menai Shopping Centre and some 25 metres from Deiniol Shopping Centre
Outstanding rent review
Nearby occupiers include Debenhams, H&M, H Samuel and Clinton Cards

Lot
11
Auction
18th October 2011
Rent
£90,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Let to HMV UK Ltd (guaranteed by HMV Music Ltd)
Prime position on the pedestrianised High Street
Immediately adjacent to Menai Shopping Centre and some 25 metres from Deiniol Shopping Centre
Outstanding rent review
Nearby occupiers include Debenhams, H&M, H Samuel and Clinton Cards

Lot 11
Auction 18th October 2011
Rent £90,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 9 miles north-east of Caernarfon, 20 miles south-west of Colwyn Bay, 60 miles west of Chester
Roads: A5, A55 (Junction 11)
Rail: Bangor Railway Station
Air: Liverpool John Lennon Airport

Situation

The property is situated in a prominent location on the northern side of pedestrianised High Street. Menai Shopping Centre, which houses occupiers such as River Island, Superdrug, H&M and Debenhams, is immediately adjacent to the property with Deiniol Shopping Centre with occupiers such as Debenhams, H&M, H Samuel and Clinton Cards, some 25 metres to the west. Other neighbouring occupiers include Boots, Thorntons, W H Smith, Barclays and HSBC.

Tenure

Freehold.

Location

Miles: 9 miles north-east of Caernarfon, 20 miles south-west of Colwyn Bay, 60 miles west of Chester
Roads: A5, A55 (Junction 11)
Rail: Bangor Railway Station
Air: Liverpool John Lennon Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with basement ancillary accommodation. The property also benefits from a loading area from the rear. First floor accommodation is occupied by Barclays Bank plc, who are the adjoining occupier, and is accessed by the first floor of the adjoining building.

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	Reviews
Basement Ground First	Ancillary Retail Office (2)	221.29 sq m 275.09 sq m 153.01 sq m	(2,382 sq ft) (2,961 sq ft) (1,647 sq ft)	HMV UK LIMITED guaranteed by HMV Music Limited (1) (2)	10 years from 11/09/2006	£90,000	11/09/2011
Totals		649.39 sq m	(6,990 sq ft) (2)			£90,000

(1) For the year ending 24th April 2010, HMV Music Limited reported a turnover of £1,062,303,000, a pre-tax profit of £53,050,000 and a net worth of £128,329,000. (Source: www.riskdisk.com 19/09/2011)
(2) The tenant has sublet the first floor offices to Barclays Bank plc.