Entirely Let to Boots UK Ltd on a reversionary lease until August 2029 (No Breaks)
Tenant in occupation since 2009
Rebased rent (previously £250,000)
Substantial building of approx 2,442.88 sq m (26,295 sq ft)
Busy town centre location adjacent to Menai and Deiniol Shopping Centres
Nearby occupiers include M&S, River Island, JD Sports, Superdrug, Cardfactory, HSBC and Greggs
Lot 36
Auction 25th September 2024
Rent £80,000 per Annum Exclusive
Status Available
Guide* £750,000
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of a UK REIT
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, A487
Rail
Bangor Railway Station
Air
Liverpool John Lennon Airport
Situation
Bangor is an important university and cathedral city some four miles west of Snowdonia National Park. The property is prominently situated in a busy position the north side of the pedestrianised High Street, immediately adjacent to the Menai Shopping Centre and Deiniol Shopping Centre. Nearby occupiers include M&S, River Island, JD Sports, Superdrug, Cardfactory, HSBC and Greggs.
Tenure
Freehold. Part Long Leasehold. A small store room to the rear of the property is held for a term of 150 years from 01/01/2009.
Location
Miles
9 miles north-east of Caernarfon, 20 miles south-west of Colwyn Bay, 60 miles west of Chester
Roads
A5, A55, A487
Rail
Bangor Railway Station
Air
Liverpool John Lennon Airport
Situation
Bangor is an important university and cathedral city some four miles west of Snowdonia National Park. The property is prominently situated in a busy position the north side of the pedestrianised High Street, immediately adjacent to the Menai Shopping Centre and Deiniol Shopping Centre. Nearby occupiers include M&S, River Island, JD Sports, Superdrug, Cardfactory, HSBC and Greggs.
Tenure
Freehold. Part Long Leasehold. A small store room to the rear of the property is held for a term of 150 years from 01/01/2009.
Description
The property comprises a substantial double fronted three storey building providing ground floor retail accommodation with ancillary accommodation on the first and second floors. The property may be capable of subdivision.
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 a substantial double fronted three storey building providing ground floor retail accommodation with ancillary accommodation on the first and second floors. The property may be capable of subdivision.
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 sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground First Second
Retail Ancillary Ancillary
775.28 872.27 795.34
(8,345) (9,389) (8,561)
BOOTS UK LIMITED (1)
5 years from 04/08/2024
£80,000
Total
2,442.88
(26,295)
£80,000
(1) Boots UK Limited is the largest health and beauty retailer in the UK trading from 2,100 locations across the UK and 52,000 employees (www.boots-uk.com).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
