Bangor - 262-266 High Street

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262 - 266 High Street, Bangor, North Wales LL57 1PB

Prime Retail Investment

Investment Summary

Freehold.
Premises situated in prime location in the city’s retail core.
The investment comprises three shops which are fully let.
Strong tenants include WH Smiths Plc and Greggs PLC.
New 10 year agreement to lease signed with Greggs PLC.
Total current rental income is £165,900 per annum.
Opportunity to re-negotiate the tenant break option in the Trespass lease.
Offers in excess of £2,000,000 subject to contract and exclusive of VAT.
This level would show a Net Initial Yield of 7.84%, allowing for the usual purchaser costs of 5.8%.