Bangor is a popular seaside town located approximately 13 miles East of Belfast. The subject property occupies a prominent and highly visible location fronting Main Street, Bangor"s primary retail pitch. Multiple retailers are well represented on the street including tenants such as Dorothy Perkins, Boots and Menarys.
The property is located in close proximity to a major seafront regeneration scheme planned for the town centre.
The proposed mixed use development includes a mix of residential and retail uses along with theatre and performance space and will incorporate a number of properties neighbouring the subject.
Planning permission has been granted for the development which will un-doubtedly improve the lower end of Main Street and Queen"s Parade.
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Adjacent to a comprehensive town centre redevelopment opportunity
The subject property comprises the ground floor of a prominent three storey end terrace. The property is regular in shape with a glazed return frontage and would be suitable for a range of retail uses, subject to the necessary statutory consents.
The property has a regular shaped configuration and has been finished to shell specification, ready for tenant fit out.
By special appointment with the sole letting agent, Lisney.
We calculate the Net Internal Area of the property as follows:
Ground Floor Sales, Stores and Staff: 1,035 Sq Ft
Rent: £20,000 per annum excl.
Term: Subject to negotiation.
The space will be offered on effectively Full Repairing and Insuring terms via recovery of a service charge.
A service charge will be levied to cover an appropriate proportion of the cost of external repairs and maintenance and upkeep of common areas.
Current service charge estimate: £TBC.
The tenant will be responsible for reimbursing the landlord with a proportionate amount of the insurance premium for the property.
We understand that the property has been assessed for rating purposes as follows:-
Rate in the £ 17/18: 0.546047
Rates Payable: £12,013
Energy Performance Certificate (EPC)
The property has an energy rating of C67. A full certificate can be made available upon request.
All prices and outgoings are exclusive of but may be liable to V.A.T.