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277-279 High Street, Bangor LL57 1PD

277-279 High Street, Bangor LL57 1PD

£575,000
Commercial
About this Property
2024-11-19
575000
Traditional
Commercial
Description

The property comprises a high yielding retail investment opportunity let to Boots on a new reversionary lease. Arranged across ground, first and second floors and comprising a double fronted retail unit, the property is fully let to Boots UK Limited on a lease expiring 03/08/2029 with no breaks and paying £80,000 per annum. The tenant signed a new, five year, reversionary lease in August 2024 rebasing the rent from £250,000 per annum, displaying confidence in the location. The property occupies a prominent, high footfall, pitch on Bangor High Street adjacent to the central square and the entrance to the Deiniol Shopping Centre. Nearby occupiers include Costa, JD Sports, M&S, and Greggs.

Location
277-279 High Street, Bangor LL57 1PD
More Information
Leasehold
High Street
Planning Authority
Gwynedd
Sold Price History
19 Nov 2024Sold Lot Savills plc£640,000

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