Nearby occupiers include WH Smith, Burton, Clarks, Dorothy Perkins and NatWest Bank
Lot 73
Auction 11th July 2018
Rent £27,000 per Annum Exclusive
Status Sold
Price £189,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
15 miles west of Colwyn Bay, 20 miles south-west of Llandudno, 60 miles west of Chester
Roads
A5, A55, A487
Rail
Bangor Railway Station
Air
Liverpool John Lennon Airport, Anglesey Airport
Situation
Bangor is an important university and cathedral city some four miles west of Snowdonia National Park. The property is situated on the north side of pedestrianised High Street in the city centre, close to its junction with Waterloo Street and some 60 metres to the south of the Deiniol Shopping Centre. Nearby occupiers include WH Smith, Burton, Clarks, Dorothy Perkins and NatWest Bank.
Tenure
Freehold.
Location
Miles
15 miles west of Colwyn Bay, 20 miles south-west of Llandudno, 60 miles west of Chester
Roads
A5, A55, A487
Rail
Bangor Railway Station
Air
Liverpool John Lennon Airport, Anglesey Airport
Situation
Bangor is an important university and cathedral city some four miles west of Snowdonia National Park. The property is situated on the north side of pedestrianised High Street in the city centre, close to its junction with Waterloo Street and some 60 metres to the south of the Deiniol Shopping Centre. Nearby occupiers include WH Smith, Burton, Clarks, Dorothy Perkins and NatWest Bank.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Note
The adjoining property 217A High Street is being offered
as Lot 83
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Note
The adjoining property 217A High Street is being offered
as Lot 83
Completion Period
Six Week Completion
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 Second
Retail Ancillary Ancillary
98.28 sq m 78.71 sq m Not measured
(1,058 sq ft) (847 sq ft)
TUI UK RETAIL LIMITED Guaranteed by TUI UK Limited (1)
5 years from 17/07/2015 on a full repairing and insuring lease (2)
£27,000
16/07/2020
Total
176.99 sq m
(1,905 sq ft)
£27,000
(1) TUI UK Limited is part of the TUI Group, which is the world’s number one integrated tourism group operating in around 180 destinations worldwide. TUI Group’s share is listed on the FTSE 100 index. For the year ending 30/09/2017, TUI UK Retail Limited reported a turnover of £201,000,000, pre-tax profits of £1,000,000 and a net worth of £191,000,000 (Riskdisk 18/05/2018). (2) The tenant option to determine the lease on 17/07/2018 has not been exercised.