274 - 276 High Street, Bangor LL57 1UL

274 - 276 High Street, Bangor LL57 1UL

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  • High Street Leisure Investment

  • Prominent return frontage on the high street of busy university city

  • Extends to a Net Internal Area of 7,924 sq ft

  • Double frontage unit let entirely to Loungers Limited

  • Loungers are currently the fastest growing bar/cafe group in the UK

  • Let on an FRI lease for a term of 15 years with effect from 12th November 2018, expiring 11th November 2033 (c. 14.8 years unexpired)

  • Initial rent of £60,000 per annum is reviewed upwards only to OMRV every 5 years

  • Freehold

  • Offers in excess of £760,000 (STC)

  • Attractive Net Initial Yield of 7.50%

  • Excellent SIPP purchase opportunity

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