Boots 277-279 High Street Bangor Gwynedd LL57 1PD

Boots
277-279 High Street
Bangor
Gwynedd
LL57 1PD

Freehold Retail Investment

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
Sold Post
Price
Auction Venue
Live Streamed Auction
On Behalf of a UK REIT

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Freehold Retail Investment

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 Sold Post
Price
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

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

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.