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66 Main Street & 2-2A King Street, Bangor, Co. Down, BT20 5AG

Retail Property (5,430.00 sqft) For Sale by Private Treaty
of

Price Offers in Excess of £500,000

Features

  • 3 storey end terrace commercial property with return frontage.
  • Centrally located on Main Street, Bangor.
  • Prominent location on prime retailing pitch.
  • Entirety of building comprises c. 5,430 sq ft.
  • Ground floor unit available ‘To Let’.

Location

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. Well known occupiers represented on the street include TK MAXX, Santander and B&M Bargains.

The property is located in close proximity to a major seafront regeneration scheme planned for the town centre which, upon completion, will provide a mix of residential and retail uses along with  theatre and performance space. Planning permission has been granted for the development which will undoubtedly improve the locality.

Full Description

The subject property comprises a prominent 3 storey end terrace with 4 lettable areas currently.

Ground Floor, 66 Main Street – Available to Let

The unit is regular in shape with a glazed return frontage and is suitable for a range of retail uses, subject to the necessary statutory consents. The property has been finished to a ‘shell’ and is ready for an incoming tenants fit out.

1st and 2nd Floor, 2A King Street

This unit is presently trading as a restaurant and comprises reception area, kitchen, staff room, store room and W.C facilities. The main restaurant area is finished with laminate wooden flooring, papered walls, ceiling and recessed spotlighting. The fully fitted kitchen is finished to a good standard. Male and female W.C’s and further storage is located on the 2nd floor.

Unit 2, 2 King Street

The unit presently trades as a café fronting onto King Street and has a glazed front with ceramic tiled floors, plastered and painted walls with recessed spot lighting. The kitchen is located to the rear along with a store.

Unit 2A, 2 King Street 

This unit also trades as a café with glazed frontage to King Street, plastered and painted walls and recessed lighting. There is a kitchen / preparation area, W.C and store area.

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

    Unit

    Size (NIA) Sq Ft
    GF 66 Main Street

    1,035

    Unit 2, 2 King Street

    824

    Units 3+4, 2A King Street

    534

    1st + 2nd Floors, 2A King Street

    3,037

    Total

    5,430


    Tenancy Summary
    Unit

    Tenant Rent P.A. NAV Term End
    GF 66 Main Street

    Vacant

    N/A (ERV £20,000)

    £22,000

    TBC

    TBC

    Unit 2, 2 King Street

    Karl Leeman t/a Café King

    £5,980

    £7,200

    3 Years

    01/9/2018 extended to 1/9/2019

    Units 3+4, 2A King Street

    The Happy Coffee Bean

    £3,500

    £5,200

    4 Years

    20/9/2017 extended to 19/9/2019

    1st + 2nd Floors, 2A King Street

    Bokhara

    £21,000

    £13,800

    8 years

    01/9/2023



    Current Total Income £30,480 P.A.

     



    Estimated Total Income £50,480 P.A.       

    Proposed Lease Details - Ground Floor Unit

    Premises: Ground Floor Unit, 66 Main Street, Bangor

    Term: By negotiation, subject to periodic upward only rent review.

    Rent: £20,000 per annum excl.

    Repairs & Insurance: Full Repairing and Insuring Terms.


    Asking Price

    Offers in excess of £500,000


    VAT

    All prices, outgoings and rentals are stated exclusive of but may be liable to VAT.


    Customer Due Diligence

    As a business carrying out estate agency work we are required to verify the identity of both the vendor and the purchaser as outlined in the following:

    The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 - http://www.legislation.gov.uk/uksi/2017/692/made

    Any information and documentation provided by you will be held for a period of five years from when you cease to have a contractual relationship with Lisney.  The information will be held in accordance with General Data Protection Regulation (GDPR) on our client file and will not be passed on to any other party, unless we are required to do so by law and regulation.

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Contact Details

Address: Montgomery House, 29-33 Montgomery Street, Belfast BT1 4NX
Telephone: +44-2890-501501 or you can also email us at property@lisney-belfast.com

Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that:

1. These particulars do not constitute any part of an offer or contract.

2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.

3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation  are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation or for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant.

  4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA No. 001848.

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.