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Overview
4 Bedroom Terraced House for sale in High Street, Bangor, Gwynedd, LL57
An excellent opportunity to acquire a freehold mixed-use investment property offering immediate income with established occupiers, situated in a prime High Street position in Bangor, within approx 100 yards of the Cathedral benefitting independent Gas fired c/heating, UPVC d/glazing to upper floors
The property comprises a ground floor and lower ground floor retail unit, currently let to a well-established hairdressing salon at a rent of £6,000 per annum. The commercial element extends to approximately 425 sq ft of retail space to the ground floor and occupies a prominent trading position within this busy and highly visible location.
The upper three floors are currently let on the residual of an occupational contract at £1,000 per month and are accessed independently from the rear and provide a well-presented, modernised self-contained apartment. The accommodation includes an open-plan living area incorporating contemporary fitted kitchen units, dining space and comfortable loung...
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The property comprises a ground floor and lower ground floor retail unit, currently let to a well-established hairdressing salon at a rent of £6,000 per annum. The commercial element extends to approximately 425 sq ft of retail space to the ground floor and occupies a prominent trading position within this busy and highly visible location.
The upper three floors are currently let on the residual of an occupational contract at £1,000 per month and are accessed independently from the rear and provide a well-presented, modernised self-contained apartment. The accommodation includes an open-plan living area incorporating contemporary fitted kitchen units, dining space and comfortable lounge area.
The apartment further benefits from four generous double bedrooms, each furnished with fitted bedroom furniture and dedicated study areas. All bedrooms enjoy the advantage of their own en-suite shower room, making the property particularly attractive for professional or student letting.
The property is fully let and currently produces a combined annual income of £18,000 per annum, reflecting a 9% gross return on the asking price.
This is an our opinion, an ideal investment purchase offering immediate income with established tenants in place, located in a strong and consistent rental area.
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Important Information
- This is a Freehold property.
Key Info
- Mixed Use Commercial and Residential Investment Property
- Ground Floor Currently Let as a Hairdressing Salon
- Upper Floors providing Fully Let Self Contained 4 Bedroomed Flat
- Providing Circa. £18,000 per annum Income
- Upper High Street Location
- EPC: C & D/Council Tax A for Flat