255 / 257 High Street Bangor Clwyd LL57 1PB

255 / 257 High Street
Bangor
Clwyd
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)
  • Nearby occupiers include Holland & Barrett, W H Smith, NatWest, Shoe Zone and Lloyds TSB
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    17
  • Auction
    21st May 2015
  • Rent
    £70,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

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)
  • Nearby occupiers include Holland & Barrett, W H Smith, NatWest, Shoe Zone and Lloyds TSB
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 17
  • Auction 21st May 2015
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
9 miles north-east of Caernarfon
20 miles south-west of Llandudno
60 miles west of Chester
Roads
A5, A55
Rail
Bangor Rail
Air
Liverpool John Lennon Airport, Anglesey Airport
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 is located nearby with occupiers including River Island, Superdrug, H&M and Debenhams. Other nearby occupiers include Holland & Barrett, W H Smith, NatWest, Shoe Zone and Lloyds TSB.

Tenure

Freehold.

Location
Miles
9 miles north-east of Caernarfon
20 miles south-west of Llandudno
60 miles west of Chester
Roads
A5, A55
Rail
Bangor Rail
Air
Liverpool John Lennon Airport, Anglesey Airport
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 is located nearby with occupiers including River Island, Superdrug, H&M and Debenhams. Other nearby occupiers include Holland & Barrett, W H Smith, NatWest, Shoe Zone and Lloyds TSB.

Tenure

Freehold.

Description

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

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 retail accommodation on the ground floor
and retail and ancillary accommodation on the first floor.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 Reversion
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 LIMITED (t/a TopShop and TopMan) (1) (2) 5 years from 25/03/2015 (2) on a full repairing and insuring lease £70,000 24/03/2020
Totals  
368.54 sq m
(3,967 sq ft)
    £70,000

(1) Redcastle Limited is a subsidiary of Arcadia Group, which also owns brands including Miss Selfridge, Wallis and Dorothy Perkins. (Source: www.arcadiagroup.co.uk)
(2)For the year ending 31st August 2013, Redcastle Limited reported a turnover of £227,590,000, pre-tax profits of £39,099,000 and a total net worth of £312,455,000 (Source: www.riskdisk.com 09/04/2015).

Property Documents

  • Catalogue Page
    Updated Date
    29.04.15
    File Size
    639 KB
    View PDF
  • Site Plan
    Updated Date
    29.04.15
    File Size
    98 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Darbys Solicitors LLP Midland House, West Way, Botley
Oxford
OX2 0PH
Jenny Birrell 01865 811 753jbirell@darbys.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in 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.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now