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110-130 Main St

56,806 SF 100% Leased Retail Building Bangor BT20 5AE £1,100,000 (£19/SF) 10.41% Net Initial Yield

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.

Attachments

brochure

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
Net Initial Yield
10.41%
NOI
£114,500
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3

Nearby Major Retailers

ASDA Bangor
Barclays
Caffe Nero
Iceland
Costa Coffee
Tesco Superstore
Tim Hortons
Starbucks
Pure Gym
  • Listing ID: 32901435

  • Date on Market: 21/08/2024

  • Last Updated:

  • Address: 110-130 Main St, Bangor BT20 5AE

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