Lyons House, 79-83 Main Street,
& 4-6 Castle Street, Bangor, BT20 4HD
Retail
Price £1,100,000
Contact Lisney
+44 28 9050 1501
Key Information
Price | £1,100,000 |
Style | Retail |
Status | For sale |
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.
