53 & 53A Grays Hill, Bangor, BT20 3BB

Offers Around

£119,950

Typical Mortgage

per month

Investment

Contact Neill Estate Agents

Description & Features

Prime location on Gray's Hill, Bangor, near the marina and city centre
Ground floor commercial unit with open-plan shop space, kitchen, and toilet facilities
Vacant commercial unit offering excellent potential for various businesses
Duplex apartment over first and second floors, featuring a fitted kitchen, spacious lounge, and two bedrooms
Apartment currently let at £513 per calendar month until March 2025, providing immediate rental income
Property requires significant upgrades and modernisation, offering a value-add opportunity
Ideal investment opportunity with potential for both residential and commercial returns

This is a rare chance to acquire a property in one of Bangor's most sought-after locations, just moments from the stunning marina and bustling city centre.

The property features a ground-floor commercial unit with an open-plan layout, including a shop space, kitchen, and toilet facilities. This flexible space is ideal for a variety of business ventures, and with its prime location, it offers fantastic potential. Currently vacant, it provides a blank canvas for an investor to enhance and capitalise on its excellent position.

On the upper levels, the duplex apartment is spread over the first and second floors. It boasts a fitted kitchen, a spacious lounge, a bathroom, and two bedrooms on the second floor. The apartment is currently tenanted, offering immediate rental income of £513 per calendar month, with the tenancy secured until March 2025.

While the property requires modernisation throughout, this presents a perfect opportunity to add value and maximise returns. With its dual-purpose layout and unbeatable location, 53 & 53A Grays Hill is an appealing prospect for investors looking to make their mark in the heart of Bangor.

Room Measurements


SHOP AREA: 6.4m x 3.51m (21' 0" x 11' 6"): Approx. 240 sq ft. Economy 7 storage heater.
KITCHEN / STORE: 3.78m x 2.44m (12' 5" x 8' 0"): Approx. 100 sq ft. With single drainer stainless steel sink unit, Heatstone water heater and kitchen worktops. Understairs storage.
: Enclosed yard leading to access from Primrose Street.

KITCHEN: 3.46m x 2.96m (11' 4" x 9' 8"): Range of low level cuoabords, space for cooker, stainless steel sink unit, plumbed for washing machine, double panelled radiator
LOUNGE: 4.75m x 3.3m (15' 7" x 10' 10"): Double panelled radiator
BEDROOM (1): 3.52m x 2.92m (11' 7" x 9' 7"): Double panelled radiator, velux
BEDROOM (2): 4.73m x 3.43m (15' 6" x 11' 3"): Double panelled radiator
BATHROOM: 2.72m x 2.4m (8' 11" x 7' 10"): Panelled bath with electric shower over, push button wc, pedestal wash hand basin, single panelled radiator, hot press off with Herculag hot water tank