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B&Q & HALFORDS | CAERNARFON ROAD 2 Properties Offered at £8,321,000 in Bangor
Investment Highlights
- Prime Bangor retail warehouse location
- Let to established national retailers
- Two-unit scheme totalling 54,777 sq ft
Executive Summary
Freehold retail warehouse investment located on Caernarfon Road, Bangor's established retail warehousing destination. The property comprises two purpose-built retail warehouse units totalling approximately 54,777 sq ft (5,098 sq m) and is fully let to B&Q and Halfords. The asset generates a current passing rent of £626,295 per annum, reflecting a low average rent of £11.43 per sq ft. The income benefits from a WAULT of 11.1 years to expiry (9.5 years to break), providing long-term secured income from national retail covenants. Offers are sought in excess of £8.321 million for the freehold interest, reflecting a net initial yield of 7.00% and a reversionary yield of 7.34% based on ERV assumptions.
Property Facts
| Price | £8,321,000 | Number of Properties | 2 |
| Price psf | £162.15 / sq ft | Individually For Sale | 0 |
| Yield | 7% | Total Property Size | 51,318 sq ft |
| Sale Type | Investment | Total Land Area | 4.47 ac |
| Status | Active |
| Price | £8,321,000 |
| Price psf | £162.15 / sq ft |
| Yield | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Property Size | 51,318 sq ft |
| Total Land Area | 4.47 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| Caernarfon Rd, Bangor LL57 4SU | Industrial | 10,971 sq ft | - | - |
|
B&Q
Caernarfon Rd, Bangor LL57 4SU |
Retail | 40,347 sq ft | 1990 | - |
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B&Q & HALFORDS | CAERNARFON ROAD
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