262-266 High Street Bangor Clwyd LL57 1NY

262-266 High Street
Bangor
Clwyd
LL57 1NY

Freehold Retail Investment

  • Tenants include W H Smith plc and Greggs plc
  • Prime position on pedestrianised High Street
  • Opposite to Menai and Deiniol Shopping Centres
  • Nearby occupiers include Barclays, Boots, Lloyds TSB, TopShop and Debenhams
  • Six Week Completion Period Available
  • Lot
    35
  • Auction
    24th May 2012
  • Rent
    £105,900 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 (in Administration)
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail Investment

  • Tenants include W H Smith plc and Greggs plc
  • Prime position on pedestrianised High Street
  • Opposite to Menai and Deiniol Shopping Centres
  • Nearby occupiers include Barclays, Boots, Lloyds TSB, TopShop and Debenhams
  • Six Week Completion Period Available
  • Lot 35
  • Auction 24th May 2012
  • Rent
  • 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 (in Administration)

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
Rail
Bangor Rail
Air
Liverpool John Lennon Airport
Situation

The property is situated in a prime position on the eastern side of the pedestrianised High Street. The Menai Shopping Centre, with occupiers such as River Island, Superdrug, H&M and Debenhams, is close by while opposite the property is the Deiniol Shopping Centre including H Samuel, Vodafone and Clinton Cards other retailers include Barclays, HMV, Boots, Lloyds TSB, TopShop and Holland & Barrett.

Tenure

Freehold.

Location
Miles
9 miles north-east of Caernarfon, 20 miles south-west of Colwyn Bay, 60 miles west of Chester
Roads
A5, A55
Rail
Bangor Rail
Air
Liverpool John Lennon Airport
Situation

The property is situated in a prime position on the eastern side of the pedestrianised High Street. The Menai Shopping Centre, with occupiers such as River Island, Superdrug, H&M and Debenhams, is close by while opposite the property is the Deiniol Shopping Centre including H Samuel, Vodafone and Clinton Cards other retailers include Barclays, HMV, Boots, Lloyds TSB, TopShop and Holland & Barrett.

Tenure

Freehold.

Description

The property is 3 prominent and adjoining retail buildings comprising retail accommodation on the ground floor and ancillary accommodation on the first and second floors. The tenants of 264 and 266 do not currently occupy the second floors.

Note:
The property is being instructed on behalf of Joint Administrators and therefore no warranties, representations or guarantees in any respect, including in relation to VAT, can be given. The Joint Administrators are not bound to accept the highest or any offer and are acting without personal liability.

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property is 3 prominent and adjoining retail buildings comprising retail accommodation on the ground floor and ancillary accommodation on the first and second floors. The tenants of 264 and 266 do not currently occupy the second floors.

Note:
The property is being instructed on behalf of Joint Administrators and therefore no warranties, representations or guarantees in any respect, including in relation to VAT, can be given. The Joint Administrators are not bound to accept the highest or any offer and are acting without personal liability.

VAT

VAT is not applicable to this lot.

EPC

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

Tenancy & Accommodation

Address Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
264 High Street
Ground
First



Retail
Ancillary
220.92 sq m
91.88 sq m

(2,378 sq ft)
(989 sq ft)

W H SMITH PLC (1)

15 years from
28/03/2006
£67,500 2011 and
2016
Second Unused


   
266 High Street
Ground
First



Retail
Ancillary
76.74 sq m
65.31 sq m

(826 sq ft)
(703 sq ft)

GREGGS PLC (2)

10 years from
18/11/2011
£38,400 2016 (3)
Second Unused


   
262 High Street
Ground
First
Second



Retail
Ancillary
Ancillary
148.64 sq m
196.49 sq m
95.69 sq m

(1,600 sq ft)
(2,115 sq ft)
(1,030 sq ft)

CATHCO PROPERTYHOLDINGS LTD(in administration)

999 years from
completion
Peppercorn N/A
Second Unused


   
  Totals  
895.67 sq m
(9,641 sq ft)
    £105,900  

(1) For the year ending 31st August 2011, W H Smith plc reported a turnover of £1,273,000,000, pre-tax profit of £93,000,000 and total net worth of £100,000,000. (Source: www.riskdisk.com 23/01/2012).
(2)For the year ending 1st January 2011, Greggs plc reported a turnover of £662,326,000, pre-tax profit of £52,523,000 and total net worth of £175,794,000 (Source: www.riskdisk.com 23/04/2012).
(3)As to No. 266 High Street the lease provides for a tenant option to determine at the 5th year of the term on a 6 month written notice.

Property Documents

  • Catalogue Page
    Updated Date
    23.09.15
    File Size
    948 KB
    View PDF
  • Site Plan
    Updated Date
    23.09.15
    File Size
    75 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
Peter CunliffePeter Cunliffe +44 (0)20 7034 4850peter.cunliffe@acuitus.co.uk
Associate Auctioneers
Pearl & Coutts Limited Third Floor, 9 White Lion Street
London
N1 9PD
020 7843 3799
Andrew Inglis 020 7843 9184andrew.i@pearl-coutts.co.uk

Useful Links

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

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