110-130 Main St
Bangor BT20 5AE
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prominent Income Producing Retail Investment of Approximately 56,806 sq ft
- The third floor contains the lift plant room.
- Leased to Menarys and Sostrene Grene producing £114,500 per annum exclusive
EXECUTIVE SUMMARY
The property is situated on upper Main Street in the heart of Bangor town centre. Bangor is located just 13 miles east of Belfast City Centre and is easily accessible via the A2 Belfast Road carriageway and Belfast-Bangor railway line. Bangor is a strongly populated town with over 60,000 residents and is well-known for its retail core and coastal dwellings. The subject property occupies a strategic location within the town with nearby occupiers including Northern Ireland Hospice, Greggs, Boots and Asda.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Department Store
Building Size
56,806 SF
Year Built
1970
Price
£1,100,000
Price Per SF
£19.36
Net Initial Yield
10.41%
NOI
£114,500
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
