Auction House London

Lot 71

Commercial Property - Commercial Property 

5-7 Bangor Street

Caernarfon, Gwynedd, LL55 1AE

Sold for £182,000

A Freehold Bank & Office Investment Producing £15,100 per annum.

Description

Location

The property occupies a prominent position on a primary shopping parade in Caernarfon in Wales. Nearby multiples include Costa Coffee, NFU Mutual and Argos. Transport links are provided by Bangor rail station.

Description (2nd Column)

The property comprises a substantial mid terrace building arranged over lower ground, ground and first floors internally laid out to provide bank premises on the lower ground and ground floor with offices to the first floor.

Viewing Details

There are no internal viewings of commercial premises
If you would like to organise a viewing of the uppers, please email Rhiannon Pallas at rhiannon@auctionhouselondon.co.uk

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Rent
Bank Ground


Lower Ground
Banking Hall Measuring Approximately 1,068 sq ft
Ancillary Storage Area
Let to Barclays Bank PLC on an FRI Lease for a term of 20 years commencing 21st June 2008 (with rent reviews every 5 years) £11,700 pa
Offices First Office Area Let on a 5 FRI lease commencing 25th March 2018 (rent review scheduled for 25th March 2020) £3,400 pa

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 5-7 Bangor Street, Caernarfon, Gwynedd, LL55 1AE

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