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46 Grays Hill, Bangor BT20 3BB

Offers around £79,500

Investment Property For Sale

Offers around £79,500

Investment Property For Sale

Price Offers around £79,500
Style Investment Property
EPC Rating D77
Status For sale
  • Additional Information
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  • Personal Notes
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Additional Information

Features

  • Affordable town centre commercial investment opportunity
  • 7.2% gross return based on Purchaser's acquisition costs of 5%
  • Well established tenant who has been trading circa 20 years
  • Oil fired heating
  • Mainly double glazed windows
  • Enclosed rear yard
  • Electric roller shutter to shop front/ornate grill to front door
  • On-street parking plus close to sea front and main bus/train station

Additional Information

ATTENTION INVESTORS, in recent years with interest rates running at historic lows the marketing of this compact and affordable commercial unit has the potential to provide the shrewd investor with way above average returns compared to standard bank accounts.
It comes complete with a long established tenant that has been trading in the premises for around 8 years (and 20 years in total) who would be interested in extending her lease again to a willing Landlord. The accommodation comprises an attractive ground floor salon together with three upstairs treatment rooms all benefitting from the added bonus of oil fired heating. The premises come with uPVC double glazed windows except the shop front which has an electric roller shutter; to the rear is an enclosed yard.

Ground Floor

FRONT SHOP / SALON
6.71m x 3.35m (22' 0" x 11' 0")
overall.
Aluminium shop front and door.
KITCHEN /STORE:
4.72m x 2.21m (15' 6" x 7' 3")
overall.
Stainless steel sink unit. Toilet and wash basin.
REAR YARD:
Store with oil fired boiler.
Fire escape stairs from 1st floor.
Access to rear lane to Somerset Avenue

First Floor

CLOAKROOM:
Toilet with wash hand basin.
MAIN TREATMENT ROOM:
4.57m x 3.35m (15' 0" x 11' 0")
overall.
SECOND TREATMENT ROOM:
3.2m x 3.m (10' 6" x 9' 10")
THIRD TREATMENT ROOM:
2.34m x 2.18m (7' 8" x 7' 2")
LEASE DETAILS:
Under lease until 31st March 2021 at a rent of £6,000 pa with rates and internal repairs the responsibility of the Tenant.

NAV: £4,250 (i.e. £1628 for '20/21 year)

Directions

From the traffic lights, travel along Queens Parade then at the mini-roundabout continue on up Grays Hill and number 46 is near the top on your right.

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Property Statistics

Total Views

(since advertised)

905

Listing Views

Date Views Unique Views Featured Published Bumped
2nd Feb 4 4 No Yes No
3rd Feb 0 0 No Yes No
4th Feb 1 1 No Yes No
5th Feb 1 1 No Yes No
6th Feb 0 0 No Yes No
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9th Feb 23 23 No Yes No
10th Feb 11 11 No Yes No
11th Feb 7 7 No Yes No
12th Feb 10 10 No Yes No
13th Feb 2 2 No Yes No
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15th Feb 13 13 No Yes No
16th Feb 10 10 No Yes No
17th Feb 2 2 No Yes No
18th Feb 2 2 No Yes No
19th Feb 5 5 No Yes No
20th Feb 6 6 No Yes No
21st Feb 4 4 No Yes No
22nd Feb 10 10 No Yes No
23rd Feb 9 9 No Yes No
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25th Feb 10 10 No Yes No
26th Feb 15 15 No Yes No
27th Feb 14 14 No Yes No
28th Feb 12 12 No Yes No
1st Mar 3 3 No Yes No
2nd Mar 16 16 No Yes No
3rd Mar 13 13 No Yes No

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