Commercial Property for sale in Bangor, Gwynedd

Being most prominently situated directly opposite Bangors cathedral at the point where the pedestrianised zone of the High Street merges into the traffic zone is this substantial triple fronted listed property for which 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.

Note to customers:

The property was historically used to provide part of the Debenhams departmental store premises a number of years ago. This provided over 55 foot of frontage to the High Street with over 2,500 square feet of retail space. Whilst the internal boundaries between this and the adjoining premises currently remain open any purchaser would need to create physical boundary in compliance with current regulations and arrange for services to be provided to the new unit in order to develop this site.

Tenure

We have been advised by the seller that the property is being offered on a Freehold basis.

Material Information

Since September 2024 Gwynedd Council have introduced an Article 4 directive so, if you're planning to use this property as a holiday home or for holiday lettings, you may need to apply for planning permission to change its use. (Note: Currently, this is for Gwynedd Council area only)