Lot 12 64 Main Street, Bangor, BT20 5AQ

Bidding Closed

SOLD FOR

£142,000

Property Enquiries

Dominic Smith

dominic.smith@bidx1.com
+44 (0) 7770 754 424

Property Enquiries

Mat Harris

mat.harris@bidx1.com
+44 (0) 7732 681 152

Viewing/ Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Niamh Warnock

niamh.warnock@edglegal.com
028 9024 5034
Description
Map
Viewings

Property Summary
  • By order of a Major Property Company
  • Freehold bank investment entirely let to Santander UK Plc
  • Main retail pitch
  • Nearby occupiers include Savers, Subway, Greggs and TK Maxx
  • New 5 year term
  • VAT is not applicable
  • Currently producing £13,000 per annum
Tenure

Freehold

Location

Bangor is a town in County Down, Northern Ireland. It is a seaside resort on the southern side of Belfast Lough and within the Belfast Metropolitan Area. It functions as a commuter town for the Greater Belfast area, which it is linked to by the A2 road and the Belfast–Bangor railway line. Bangor is situated 13.6 miles east from the heart of Belfast. The property is situated on the west side of Main Street, the main thoroughfare within the town with nearby occupiers including Savers, Subway, Greggs and TK Maxx. 

Description

A mid-terraced two storey building of traditional construction beneath a flat roof arranged as a ground floor banking hall with ancillary/office accommodation at first floor level. 

Rental Information

Total Current Rent Reserved £13,000 per annum

Planning

Ards and North Down Borough Council (0300 013 3333) www.ardsandnorthdown.gov.uk

VAT
VAT Not Applicable.
Property Table
AddressFloorAccommodationTenancyRent per annum
64 Main StreetGround floor retail
First floor ancillary/store
1,774 sq ft (164.81 sq m)
581 sq ft (53.98 sq m)

Let to Santander UK PLC for 5

years from 24/12/2020

£13,000

For the year ended 31st December 2019 Santander UK Plc reported a turnover of £1,112,000,000, pre-tax profit of £1,012,000,000, shareholders funds of £15,857,000,000 and a net worth of £14,091,000,000 (Source: Experian)

NB. Due to the current restrictions in movement throughout the UK the property has not been visited or inspected by Bidx1. Floor areas have been provided by the non-domestic valuation list of NI. Accommodation details have been obtained from the Vendor.

 


*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,250 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,750 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.


Contact Dominic about this property