For Sale

Lyons House, 79-83 Main Street and 4-6 Castle Street, Bangor, Bangor, BT20 4HD

From

£1,100,000

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Retail

Location of Lyons House, 79-83 Main Street and 4-6 Castle Street, Bangor

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features

  • Prominent retail building occupying a prime corner site in the town centre.
  • Fully let on FRI terms and anchored by Boots.
  • Current rent of £89,250 p.a.x.
  • WAULT of c. 5.17 years.
  • Boots Main Street Bangor ranks in the top 15% of all UK pharmacies by prescriptions supplied.
  • Offers in the region of £1,100,000 exclusive, subject to contract.
  • Reflects a NIY of c. 7.66% after purchase costs of c. 5.85% and a capital value of £83 per sq.ft.

description

Lyons House is a large two-storey building of modern construction with red facing brick, part tiled and part flat roof, aluminium framed glazed shopfronts and windows. It is arranged to provide three retail units, the largest of which is Unit 1 with frontage onto Main Street whilst Units 2 & 3 are accessed from Castle Street.
The units provide retail accommodation at ground floor with ancillary accommodation at 1st floor. There is a service yard to the rear accessed via Castle Street whilst Unit1 benefits from dock level access for deliveries.

Property Costs

  • Status: For Sale
  • From£1,100,000
  • Stamp Duty: £0*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.

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£4,726.41 per month

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