Overview
Retail Property (High Street) for sale in High Street, Bangor, LL57
Being most prominently situated directly opposite Bangor's cathedral at the point where the pedestrianised zone of the High Street merges into the traffic zone is this substantial triple fronted listed property
Listed building consent has been obtained to convert the property to provide 3 retail units to the ground floor and 5 x 2 Bedroomed apartments to the first and second floor. Being situated within a few yards of national retailers and in addition to local restaurants, retailers and cafes the development provides a great opportunity to create a diverse income from both retail units and residential lets with demand for 2 bedroomed accommodation in the area being consistently strong and similar sized units letting at figures in the region of £600 to £700 per calendar month.
With a large university population also being present in the city higher income is possible for the residential units...
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Listed building consent has been obtained to convert the property to provide 3 retail units to the ground floor and 5 x 2 Bedroomed apartments to the first and second floor. Being situated within a few yards of national retailers and in addition to local restaurants, retailers and cafes the development provides a great opportunity to create a diverse income from both retail units and residential lets with demand for 2 bedroomed accommodation in the area being consistently strong and similar sized units letting at figures in the region of £600 to £700 per calendar month.
With a large university population also being present in the city higher income is possible for the residential units if considering shared accommodation and whilst consent has been granted for 3 retail units in our opinion the layout could be altered to provide a larger single unit if preferred.
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Important Information
- This is a Freehold property.
Key Info
- Substantial Mixed Commercial & Residential Development Opportunity
- Probably the City Centres Most Pominent Location Directly Opposite Cathedral
- Located As Pedestrian and Traffic Zones Merge
- Listed Building Consent Granted to Provide 3 Retail Units & 5 Apartments
- All 5 Apartments Provide 2 Bedrooms Some With Attractive Views
- EPC: N/A