255/257 High Street Bangor LL57 1PB

255/257 High Street
Bangor
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) guaranteed by Arcadia Group Ltd
Nearby occupiers include Holland & Barrett, W H Smith, Phones 4U, NatWest, Shoe Zone and Lloyds TSB
6 Week Completion Period Available

Lot
25
Auction
29th March 2012
Rent
£81,750 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Mark Robert Fry and Nigel David Nutting of Begbies Traynor appointed as Joint Administrators of Cathco Property Holdings (in Administration)

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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) guaranteed by Arcadia Group Ltd
Nearby occupiers include Holland & Barrett, W H Smith, Phones 4U, NatWest, Shoe Zone and Lloyds TSB
6 Week Completion Period Available

Lot 25
Auction 29th March 2012
Rent £81,750 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Mark Robert Fry and Nigel David Nutting of Begbies Traynor appointed as Joint Administrators of Cathco Property Holdings (in Administration)

Property Information

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 located nearby with occupiers including River Island, Superdrug, H&M and Debenhams. Other nearby occupiers include Holland & Barrett, W H Smith, Phones 4U, NatWest, Shoe Zone and Lloyds TSB.

Tenure

Freehold.

Situation

Tenure

Freehold.

VAT

VAT is applicable to this lot.

EPC

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

Description

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

6 Week Completion Period Available

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	Reversions
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 LTD (t/a TopShop and Topman) guaranteed by ARCADIA GROUP LTD (1) (2)	15 years from 25/12/1999 (2) on a full repairing and insuring lease	£81,750	2014
Ground First First	Retail Retail Ancillary	210.24 sq m 116.96 sq m 41.34 sq m				£81,750	2014
Totals		368.54 sq m	(3,967 sq ft)			£81,750

(1) Redcastle Limited is a subsidiary of Arcadia Group who are the UK’s largest privately owned clothing retailer with more than 2,500 outlets. The group consists of Burton, Dorothy Perkins, Evans, Miss Selfridge, Topman, TopShop and Wallis
(Source: www.arcadiagroup.co.uk 28/02/2012).

(2) The lease is guaranteed by Arcadia Group Ltd. For the year ending 28th August 2010, Arcadia Group Ltd reported a turnover of £146,923,000, pre-tax profit £19,845,000 and a total net worth of £1,092,763,000 (Source: www.riskdisk.com 29/02/2012).