Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to the popular High Street brand of O2 and situated on a high footfall, pedestrianised, street.
Arranged across ground, first and second floors, the property is let in its entirety to Communications Plus Limited (t/a O2) for a term of five years expiring 23/06/2026 and paying £15,000 per annum.
The tenant has recently completed an extensive refurbishment and did not serve their 2023 break option, displaying confidence in the location.
The property occupies a prominent pitch fronting the pedestrianised Bangor High Street. The city is an administrative capital for the region and benefits from high footfall virtue of Bangor University.
Tenure
Freehold
Tenancy
The property is let to Communications Plus Limited (t/a O2) for a term of five years expiring 23/06/2026 and paying £15,000 per annum.
The lease is on full repairing and insuring terms and we understand the tenant has recently completed an extensive refurbishment. Furthermore the tenant did not exercise a 2023 break option, displaying confidence in the location.
Communications Plus Limited
Rent
Notes
We understand the property is elected for VAT, it is anticipated the sale can be treated as a Transfer of a Going Concern (TOGC).