49/51 Main Street & Units 1-4 Bingham Mall, 49-51 Main Street & Units 1-4 Bingham Mall, Bangor, BT20 5AF

Offers Around

£435,000

Typical Mortgage

per month

Investment

Contact Agent

Neill Estate Agents (Bangor)

Description & Features

This exceptional portfolio offers a lucrative investment opportunity located on the bustling Bangor Main Street. The portfolio features a variety of properties, all currently leased to reputable tenants. The premises are positioned in a high-footfall area, surrounded by renowned establishments such as Nationwide Building Society, Subway, and Santander, ensuring a steady stream of potential customers and increased visibility for the tenants.

1. Unit 2A, Bingham Mall
- Tenant: Elysian Therapies
- Annual Rent: £4,200
- Lease Start Date: 1st October 2021
- Lease Expiry: Rolling

2. Unit 2B, Bingham Mall
- Tenant: Art Studio
- Annual Rent: £2,580
- Lease Start Date: 5th March 2018
- Lease Expiry: Rolling

3. Unit 3, Bingham Mall
- Tenant: Karen Rose Pryor
- Annual Rent: £3,792
- Lease Start Date: 1st May 1998
- Lease Expiry: Rolling

4. Unit 4, Bingham Mall
- Tenant: Hamilton Trophies
- Annual Rent: £3,996
- Lease Start Date: 1st September 2023
- Lease Expiry: 31st August 2024

5. 49/51 Main Street
- Tenant: British Heart Foundation
- Annual Rent: £13,500
- Lease Start Date: 27th October 2013
- Lease Expiry: Rolling

6. 49 Main Street
- Tenant: YMCA and Boom Studios
- Annual Rent: £6,600
- Lease Start Date: 1st October 2018
- Lease Expiry: 31st October 2024

Current Total Annual Income: £34,668

This investment portfolio offers a secure and profitable venture for discerning investors looking to capitalise on the robust commercial property market in Bangor. For further details and to arrange a viewing, please contact us.

Prime Location: Situated on the vibrant Bangor Main Street, the properties benefit from high visibility and substantial foot traffic.
Diverse Tenant Mix: The portfolio includes a blend of tenants ranging from therapeutic services and retail shops to charitable organisations, ensuring a stable and diversified income stream.
Established Leases: Most units have rolling leases, providing flexibility and potential for lease renegotiation
Proximity to Popular Retailers: Close to Nationwide, Subway, and Santander, attracting additional customer traffic and enhancing the appeal of the location.

Room Measurements

SHOP 11.79m x 5.03m (38' 8" x 16' 6"): Double fronted aluminum shop front, Electric roller shutter, recently decorated with new floor coverings and upgraded supspended ceiling, toilets facilities with low flush WC, wash hand basin, electric central heating
SHOWROOM: 4.98m x 6.09m (16' 4" x 20' 0"): At Widest Point
5.04m x 7.31m (16' 7" x 24' 0"): At Widest Point
5.22m x 4.85m (17' 2" x 15' 11"): At Widest Point
: Access doorway with roller shutter, staircase to first floor
MAIN OFFICE 12.78m x 7.11m (41' 11" x 23' 4"): Open Plan, new floor covering, walls freshly decorated Economy 7 heating
PRIVATE OFFICE 3.58m x 2.49m (11' 9" x 8' 2")
TOILET AND KITCHEN FACILITIES
STORE ROOM: 5.24m x 11.49m (17' 2" x 37' 8"): At Widest Point
SHOP FLOOR: 5.34m x 12m (17' 6" x 39' 4"): At Widest Point