79-83 Lyons House, Main Street And, 4-6 Castle Street79-83 Lyons House, Main Street And, 4-6 Castle Street

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Commercial Property For SaleNorthern IrelandCounty DownBangor AreaBangor79-83 Lyons House, Main Street And, 4-6 Castle Street

79-83 Lyons House, Main Street And, 4-6 Castle Street,

Bangor, BT20 4HD

Retail

Offers around £1,100,000

Agent Accreditations

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Lisney

Key Information

Price

Offers around £1,100,000

Style

Retail

Status

For sale

property description image

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.

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.

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