68 Main Street, Bangor, Down, BT20 5AA

Offers in the region of

£200,000

Typical Mortgage

per month

Retail Property (high street)

Contact Agent

Harry Clarke & Company

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Description & Features

Modern spacious retail accommodation
Unit Let on a 7 year lease until October 2030
Currently generating a yield of 7.5%
Excellent investment opportunity
Town centre location with high visibility corner frontage
Circa 152sqm (1635sqft) retail space over two floors
Ground and first floor storage accommodation of circa 55sqm (596sqft)
Office and staff room on second floor
NAV: £19,000 with an estimated rates burden for 2020/21 of £9,703.87
Viewing Strictly by Appointment through Agent

Excellent investment opportunity.

Situated in Bangor's main shopping thoroughfare of the traditional town centre, this prominent shop unit is located on the corner of Main Street and King Street. Currently Let on a 7 year lease until October 2030 and generating a yield of 7.5% (lease on normal commercial terms).

Offering bright, modern retail space on both ground and first floor with ancillary storage and office/staff room accommodation over three floors.

The tenant is responsible for the rates on the property. The N.A.V for rating purposes is £19,000 which precipitates rates burden for 2023/24 of £10,293.06

Room Measurements

Ground Floor
Retail Area: 102sqm/1100sqft Air conditioned retail space with corner frontage to Main Street. Entrance is via a set of double doors, accessed via Main Street (shutter installed).
Store: 5sqm/56sqft Air conditioned retail space with corner frontage to Main Street.
First Floor
Retail Area: 50sqm/540sqft
Store: 50sqm/540sqft
Second Floor
Kitchen/Staffroom: 18sqm/200sqft
Offices: 15sqm/160sqft