Commercial property for sale in Gateway Park, Llandegai Road, Bangor LL57

Offers in region of £3,400,000 (£109.37/sq. ft)
31,086 sq. ft*
Interested in this property? Call +44 161 506 9172 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Prominent, high quality trade park investment within Gateway Park, fronting Llandegai Road (A5) close to Bangor City Centre and the main A55 North Wales Expressway - Well established and successful trade location at the entrance to the fully let Llandegai Industrial Estate - Comprising two modern trade counter terraces and additional development land - The property extends to 31,086 sq. Ft. (including development land), on a site of 3.35 acres arranged in 9 units, providing units from 1,335 sq. Ft. To 7,032 sq. Ft. - The property is fully let to 8 tenants with an average unexpired lease term of 6.3 years to expiry (3.4 years to break) - Excellent tenant line up including Screwfix, hss, Toolstation, Enterprise Rent A Car, and Eurocell Building Plastics, who all report strong trading figures from the location - The property is fully let producing £253,184 per annum - We are seeking offers in excess of £3,750,000 (Three Million Seven Hundred and Fifty Thousand Pounds) which reflects a Net Initial Yield of 6.35%, assuming standard purchase costs of 6.51% with the additional benefit of the development land.

Property info

Nearby transport

  • Bangor (Gwynedd) (1.6 miles)
  • Llanfairpwll (4.7 miles)
  • Llanfairfechan (5.5 miles)
  • Liverpool John Lennon Airport (52.2 miles)
  • Blackpool International Airport (58.4 miles)
  • Isle of Man Airport (63.7 miles)
  • Holyhead Ferry Terminal (22.9 miles)
  • Barmouth Ferry Landing (34.5 miles)
  • Porth Penrhyn Ferry Landing (34.7 miles)

Nearby schools

View all schools in Gwynedd
  • West Kirby Primary School (39.4 miles)
  • West Kirby St Bridget's CofE Primary School (39.5 miles)
  • Avalon School (39.5 miles)
  • Progress Schools - Wirral (45.7 miles)
  • LIPA Sixth Form College (48.2 miles)
  • Rotunda Independent School for Excellence (48.4 miles)
  • Ysgol Llandygai (0.1 miles)
  • Ysgol Glancegin (1.1 miles)
  • Bangor Independent School (1.4 miles)
Note: Distance is shown as a straight line measurement

Local info for Gwynedd

About the neighbours in LL57

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Avison Young, M2 on +44 161 506 9172 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Avison Young, and do not constitute property particulars. Please contact Avison Young for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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