PRIME RETAIL INVESTMENT - Propex
PRIME RETAIL INVESTMENT - Propex
PRIME RETAIL INVESTMENT - Propex
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<strong>PRIME</strong> <strong>RETAIL</strong> <strong>INVESTMENT</strong><br />
capitasymonds.co.uk/realestate<br />
020 7544 2000<br />
253/257 HIGH STREET BANGOR, NORTH WALES LL57 1PB
15<br />
3<br />
Investment Summary<br />
• Premises situated in prime location in the city’s main retail pitch.<br />
• Let to Top Shop and Holland & Barrett.<br />
• Tenants rated either 5A1 or 5A2.<br />
• 10 year lease extension recently granted to Holland & Barrett<br />
at a rebased rent of c£61 psf Zone A.<br />
• Freehold and long leasehold.<br />
• Historic university city and important shopping destination.<br />
• Total rental income is £119,700 per annum.<br />
• Offers in excess of £1,320,000 subject to contract and<br />
exclusive of VAT.<br />
• Net Initial Yield of 8.57%, allowing for the usual purchaser<br />
costs of 5.8%.<br />
2<br />
1<br />
5<br />
8<br />
4<br />
14<br />
6<br />
10 16 9<br />
7<br />
11<br />
12<br />
13<br />
Trecoed<br />
Pembroke<br />
A487<br />
A487<br />
Swansea M4<br />
A55<br />
Wolverhampton<br />
A49<br />
M5<br />
Aldi<br />
York<br />
Location<br />
Bangor is an historic University<br />
Kingston<br />
City<br />
Upon<br />
located<br />
Hull<br />
on the North Wales coast,<br />
M62<br />
approximately 9 miles north of Caernarvon and some 50 miles west of<br />
Brocklesby P ark<br />
Chester. The city is situated just north of the junction of the A55 and<br />
M1<br />
the A5. The<br />
M18A5 links with the M54 whilst the A55 links with the M56 and<br />
M53, providing access to the national motorway network.<br />
The city benefits from a mainline A158 train station which provides a regular<br />
service to Holyhead in the west in approximately 35 minutes and<br />
Chester to the east<br />
Thorpe<br />
in<br />
Lodge<br />
approximately 60 minutes. A direct journey to<br />
London Euston takes only 3½ hours.<br />
Bangor lies 2nd in<br />
Garthorpe<br />
the hierarchy of North Wales centres. The total<br />
M1<br />
population within the Bangor primary catchment area is 166,000<br />
which ranks Leicester it significantly above the Small Centre average<br />
Norwich<br />
(PROMIS).<br />
The city has developed over the past decade as a result of the growth of<br />
Bangor’s University.<br />
Guilsborough<br />
Cottenham Ampton<br />
Indeed the University is regarded as one of the most<br />
Bury St Edmunds<br />
economical locations<br />
Northampton<br />
for a student to study in the UK with over 10,000<br />
Brafield-on-the-Green<br />
students studying. This additional population Horseheath provides a positive impact<br />
Higham<br />
upon the local economy. Furthermore the Snowdonia mountain area<br />
and numerous beaches on the Llyn Peninsular are close by, bringing<br />
in tourists to the area M1on a year round basis<br />
Marks<br />
and<br />
Tey<br />
especially over the<br />
Colchester<br />
summer season.<br />
A1(M) M11 High Easter<br />
A34 M40<br />
Situation<br />
Ilfracombe Holnicote<br />
Ston Easton<br />
Larkhill<br />
Bratton Down<br />
M&S<br />
A303 Hackwood P ark Guildford<br />
Treborough Hill<br />
M23<br />
Kingston St Mary<br />
Peper Harow<br />
Umberleigh<br />
Cothelstone<br />
Chipley P ark<br />
Taunton Charlton Horethorne<br />
A39<br />
Vauterhill<br />
A303<br />
Southampton<br />
Cotley Farm<br />
M5<br />
Littlewindsor<br />
Police<br />
Station<br />
Upcott Cross<br />
Bishops Court<br />
Badbury Rings<br />
A30<br />
A35 Milborne St Andrew<br />
Launceston<br />
Exeter Stafford Cros s<br />
A39<br />
Ideford Arch<br />
Bournemouth<br />
Cherrybrook<br />
Wadebridge<br />
Kilworthy<br />
Black Forest Lodge<br />
Buckfastleigh<br />
Newquay<br />
Trebudannon<br />
Great Trethew<br />
Torquay<br />
Plymouth<br />
Truro<br />
Flete Park<br />
Falmouth<br />
Holyhead<br />
Aberystwyth<br />
BANGOR<br />
Caernarfon<br />
A5<br />
Barmouth<br />
Brecon<br />
Liverpool<br />
Wrexham<br />
Welshpool<br />
Chester<br />
Cardiff<br />
Kendal<br />
M53<br />
M6<br />
Shrewsbury<br />
M48<br />
Preston<br />
M56<br />
Whittington<br />
M50<br />
M6<br />
M54<br />
Gloucester<br />
M4<br />
Bristol<br />
M62<br />
M1<br />
Whitcliffe Grange<br />
Charm P ark<br />
Easingwold<br />
Sheriff Hutton<br />
A1(M)<br />
Whitwell-on-the-Hill<br />
Manchester<br />
Sheffield<br />
Stoke-on-Trent<br />
M69<br />
Birmingham<br />
M40<br />
Cheltenham<br />
Swindon<br />
M4<br />
Leeds<br />
Huddersfield<br />
M1<br />
Coventry<br />
Duncombe Park<br />
A1(M)<br />
Dalton Park<br />
k<br />
Nottingham<br />
Dingley<br />
Kingston Blount<br />
Kimble<br />
Scarborough<br />
North Carlton<br />
Peterborough<br />
A1(M)<br />
Northaw<br />
LONDON<br />
The subject property M4 is situated on the western side of the prime<br />
pedestrianised High Street, that runs from the east to the west of the<br />
M2<br />
city centre<br />
Basingstoke M3<br />
Canterbury<br />
A34 with the bulk of the high street multiples located around the<br />
Tweseldown<br />
Detling Charing<br />
nearby Menai Shopping Centre and Godstone the Deiniol Centre. M20<br />
M3<br />
Aldington<br />
There is strong national A272 retail multiple representation along the High<br />
Street including Boots, HSBC, ParhamClarks, Barclays, Lloyds TSB, JD Sports, Greggs,<br />
Catsfield<br />
WH M27 Smiths and TopShop in the subject holding. The Menai Shopping<br />
Hastings<br />
Centre located nearby comprises Brighton a newly built retail development<br />
Portsmouth<br />
anchored by Debenhams along with River Island, Superdrug, Poundland,<br />
Body Shop, 3 Store and H&M. The older Deiniol Centre comprises a<br />
covered shopping centre with occupiers including H Samuel, Vodafone,<br />
Clintons, Wallis, Iceland, Bon Marche and Specsavers.<br />
There are three large multi-storey car parks providing approximately 850<br />
parking spaces within approximately a 250 metre radius of the subject<br />
property. Located a short walk from the subject property is Bangor Bus<br />
Station where regular bus links are provided to local towns and villages,<br />
generating footfall for the surrounding retail pitch.<br />
M25<br />
Penshurst<br />
A12<br />
Fakenham<br />
Great Yarmouth<br />
Margate<br />
Dover<br />
253/257 HIGH STREET BANGOR, NORTH WALES LL57 1PB
N STREET<br />
T<br />
NB Real Estate<br />
1/10/2010<br />
1 - 8<br />
DWELLINGS<br />
GS<br />
GLITTERBALL<br />
NIGHTCLUB<br />
ON<br />
TCLUB<br />
&<br />
Bangor Retail Market<br />
Retail floorspace in Bangor is estimated 0.52 million sq ft, comparable<br />
to the Small Centre average (PROMIS). Bangor scores 80 on the PMA<br />
Retail Provision Indicator and 39 on the PMA Fashion Score. The town<br />
scores 8 on the PMA Anchor Stores Indicator, above the Small Centre<br />
average.<br />
The Menai Centre was redeveloped in 2007 to provide some 180,000<br />
sq ft of modern retail accommodation and significantly strengthened<br />
the core of the city’s retail offer, with the scheme anchored by a 60,000<br />
sq ft Debenhams department store, along with Superdrug, Body Shop,<br />
3 UK, River Island and recent arrivals H&M. Marks & Spencer have also<br />
taken a new supermarket in Garth Road close by.<br />
Despite the challenging retail economy that the UK faces, prime retail<br />
units have continued to be let in Bangor with Boots relocating to the<br />
former Woolworths, Republic leasing the former Boots store and H&M<br />
opening last December at 283 High Street.<br />
Within the subject premises Holland & Barrett have recently signed<br />
a new 10 year reversionary lease, extending their term to 14 years<br />
without break. This helps to demonstrate the strong pitch and the city’s<br />
attractiveness to leading retailers to trade at the rebased rental levels. It<br />
also confirms that the subject properties are broadly rack rented.<br />
Description<br />
The subject property comprises two adjoining mid-terraced modern<br />
retail units.<br />
253 High Street (Holland & Barrett) is arranged over three levels with<br />
the basement and small first floor providing ancillary storage and staff<br />
space for the ground floor sales.<br />
The more modern construction of 255/257 High Street (Top Shop)<br />
is arranged over two levels; ground and first floor. This unit offers an<br />
attractive modern retail unit with excellent frontage and a good floor<br />
to ceiling height. It also benefits from a large first floor sales area. There<br />
is lift access between levels along with a large sales staircase located<br />
towards the front.<br />
EDD<br />
P<br />
Accommodation And Tenancy Schedule<br />
We have been provided with the following approximate areas:<br />
Address Tenant Ground Floor<br />
(ITZA)<br />
253 Holland & 1,089 sq ft<br />
High Street Barrett Retail (616 sq ft ZA)<br />
Ltd<br />
INIOL ROAD<br />
ARY<br />
255/57<br />
High Street<br />
Redcastle Ltd<br />
t/a Top Shop<br />
2,263 sq ft<br />
(1,175.50 sq ft ZA)<br />
Basement First Floor Lease Start<br />
(Lease Expiry)<br />
74 sq ft 50 sq ft 24 June 1990<br />
(23 June 2025)<br />
n/a<br />
1,259 sq ft (Sales)<br />
445 sq ft (ancillary)<br />
25 December 1999<br />
(24 December 2014)<br />
Rent<br />
Review<br />
24 June 2015<br />
& June 2020<br />
n/a<br />
Rent £/pa<br />
(ZA/psf )<br />
£37,950 pa<br />
(60.99 psf ZA)<br />
£81,750 pa<br />
(£61.76 psf ZA)<br />
Total £119,700<br />
202A<br />
P<br />
BRITISH TELECOM<br />
(42) (ACTUAL)<br />
TELEPHONE EXCHANGE<br />
202<br />
SAKS<br />
HO GDS<br />
& CLO<br />
205 - 207<br />
1 - 6<br />
THE ALMHOUSES<br />
204<br />
MOBILIA<br />
TEL<br />
CORBETT<br />
BANGOR BLUES<br />
SPORTS BAR<br />
PUBLIC HOUSE<br />
BANGOR<br />
MUSEUM &<br />
ART GALLERY<br />
DWELLINGS<br />
HAIR<br />
HEADMASTERS<br />
209 211<br />
206<br />
208<br />
TAXI<br />
STO<br />
LA SENZA<br />
LINGERIE<br />
CHARITY SHOP<br />
HALL<br />
VACANT OUTLET<br />
213<br />
210<br />
SIOP PENDREF<br />
BOOKS<br />
STAIRS<br />
BAKER<br />
P<br />
1815<br />
JOHNWILLIAMS<br />
MUSIC<br />
MUSINST&SHMUS<br />
CHARITY SHOP<br />
212<br />
215<br />
214<br />
CASTLE BAKERY<br />
(129) (ACTUAL)<br />
COFFEE SHOP<br />
TRAVEL AGENT<br />
B H F<br />
217A<br />
VACANT OUTLET<br />
UNDER<br />
THOMSON<br />
CANCER RESEARCH U K<br />
WC<br />
BRITANNIA<br />
BUILDING<br />
SOCIETY<br />
THE WATERLOO INN<br />
216<br />
CHARITY SHOP<br />
1<br />
PUBLIC HOUSE<br />
SPORTS GOODS<br />
SPORTS<br />
DIRECT.COM<br />
217<br />
218<br />
2<br />
GO FOR IT<br />
SPORTS GOODS<br />
PRINCIPALITY<br />
BUILDING SOCIETY<br />
ICELAND.CO.UK<br />
SCOPE<br />
CHARITY SHOP<br />
OPTICIAN<br />
NATIONAL<br />
MILK BARS<br />
CAFE<br />
WHSMITH<br />
GLEDHILLS<br />
HAIR<br />
VACANT OUTLET &<br />
REDSKINS TATTOO<br />
TATTOOIST<br />
BANGOR EYE CENTRE<br />
DRAGONSBITE<br />
S/WBAR<br />
ARRIVA<br />
BUS BKG<br />
OFF<br />
TAN-Y-FYNWENT<br />
3<br />
COUNCIL OFFICES<br />
219 - 221<br />
220<br />
VACANT OUTLET<br />
NEWSAGENT<br />
& BOOKS<br />
222<br />
FROZEN FOOD<br />
224<br />
HALL<br />
16<br />
226<br />
A<br />
1<br />
WATERLOO STREET<br />
223 - 225<br />
CLASSIC GAMING<br />
AMUSEMENTS<br />
B - C<br />
228<br />
M & S<br />
LADIES WEAR<br />
2<br />
VARIETY STORE<br />
(3 <strong>RETAIL</strong> FLOORS) &<br />
COM CEN<br />
3<br />
UNIT 11<br />
GARTH ROAD<br />
P<br />
RAYNER<br />
JULIAN GRAVES<br />
HEALTH<br />
FOOD<br />
24<br />
VAC<br />
MENS WEAR<br />
(2 RET FLRS)<br />
THE CO-OPERATIVE TRAVEL<br />
TRAVEL AGENT<br />
(38) (ACTUAL)<br />
VAC<br />
WALLIS<br />
REGIS<br />
THE CLARKS SHOP<br />
BURTON<br />
ANIMAL<br />
CLOTHING<br />
VACANT OUTLET<br />
GOVERNMENT<br />
BUILDING<br />
VACANT OUTLET<br />
23<br />
230 - 232<br />
UNDER<br />
UNIT 12<br />
ENTRANCE<br />
UNIT 10<br />
4 - 5<br />
OPTICIAN<br />
SHOES<br />
HAIR<br />
VACANT OUTLET<br />
VACANT OUTLET<br />
CLINTON CARDS<br />
CARDS & GIFTS<br />
22<br />
233 - 235<br />
UNIT 9<br />
DR CHINA<br />
NATUR THPY<br />
THE WORKS<br />
BOOKS<br />
(2 <strong>RETAIL</strong> FLOORS)<br />
VACANT OUTLET<br />
234<br />
BANK<br />
VACANT OUTLET<br />
ACCESSORIZE<br />
SANTANDER<br />
POUNDLAND<br />
VACANT OUTLET<br />
21<br />
237<br />
UNIT 13<br />
UNIT 8<br />
236<br />
HOUSEHOLD GOODS<br />
VACANT OUTLET<br />
UNIT 7<br />
L ACCESS<br />
RIVER ISLAND<br />
TELEPHONES<br />
VODAFONE<br />
TIMPSON<br />
SHOE REP<br />
& KEY CUT<br />
BON MARCHE<br />
LADIES WEAR<br />
G WILLIAMS<br />
BUTCHER<br />
SUPERDRUG HEALTH & BEAUTY<br />
LADIES WEAR<br />
HALIFAX<br />
BANK<br />
EVANS<br />
SPECSAVERS<br />
OPTICIANS<br />
CARD FACTORY<br />
CARDS & GIFTS<br />
CLOTHING<br />
VAC<br />
VACANT OUTLET<br />
LADIES & MENS WEAR<br />
HEALTH & BEAUTY<br />
VAC<br />
GECKO<br />
VAC<br />
VACANT OUTLET<br />
SELECT<br />
SUBWAY<br />
VACANT OUTLET<br />
NAT WEST<br />
BANK<br />
CRUZE<br />
MENS WEAR<br />
VACANT OUTLET<br />
VACANT OUTLET<br />
LADIES WEAR &<br />
SANDWICH BAR<br />
TEL<br />
VAC<br />
ORANGE<br />
6 7 - 8 9 10 11 12<br />
19 18<br />
17<br />
239<br />
20<br />
238<br />
UNIT 14<br />
241<br />
UNIT 15<br />
CATHEDRAL WALK<br />
240<br />
UNIT 16<br />
UNIT 6 UNIT 5 UNIT 4<br />
UNIT 5A<br />
DEINIOL CENTRE<br />
243 - 245<br />
242<br />
UNIT 17<br />
244<br />
UNIT18<br />
GARTH ROAD<br />
ENT<br />
ENT<br />
UNDER<br />
VACANT OUTLET<br />
THE<br />
CARPHONE<br />
WAREHOUSE<br />
TEL<br />
TOP SHOP<br />
LADIES WEAR<br />
& TOP MAN<br />
MENS WEAR OVER<br />
(2 <strong>RETAIL</strong> FLOORS)<br />
HOLLAND<br />
& BARRETT<br />
HEALTH FOOD<br />
GERRARDS<br />
BAKER & CAFE<br />
GET CONNECTED<br />
TELECOMS<br />
247<br />
JD<br />
246 - 250<br />
SPORTS GOODS<br />
CLAIRES<br />
L ACCESS<br />
CANOLFAN MENAI CENTRE<br />
13 13A<br />
14<br />
H SAMUEL<br />
JEWELLER<br />
PHONES 4 U<br />
TELEPHONES<br />
THOMAS COOK<br />
TRAVEL AGENT<br />
JJB SPORTS<br />
GAMESTATION<br />
COMPUTER GAMES<br />
249<br />
252<br />
254<br />
MILLETS<br />
OUT WR &<br />
CAMPG GDS<br />
251<br />
253<br />
256<br />
SHOE ZONE<br />
SHOES<br />
O2<br />
TELEPHONES<br />
NEW EBENEZER PLACE<br />
STO<br />
259<br />
255 - 257<br />
ENT<br />
258<br />
FLOWER<br />
CENTRE<br />
SPORTS<br />
GOODS<br />
(2 <strong>RETAIL</strong><br />
FLOORS)<br />
261<br />
258A<br />
FLORIST<br />
SERVICE AREA<br />
15 - 15A<br />
263<br />
260<br />
THE PENGUIN CAFE<br />
CAFE<br />
262<br />
264<br />
NATIONWIDE<br />
BARCLAYS<br />
GAME<br />
WHSMITH STATIONERY<br />
TRESPASS<br />
WRIGHT & GRIFFITHS<br />
JEWELLER<br />
BUILDING SOCIETY<br />
BOOTS THE CHEMIST<br />
RECORDINGS<br />
BANK<br />
266<br />
273<br />
268<br />
H M V<br />
LLOYDS TSB<br />
COMPUTER GAMES<br />
STATIONER<br />
& POST OFFICE<br />
YORK PLACE<br />
WELL STREET<br />
5 - 23<br />
DWELLINGS<br />
BANK<br />
275<br />
(LOADING & DISABLED ONLY<br />
4.30PM - 11.00 AM)<br />
270<br />
272<br />
VACANT OUTLET<br />
277 - 279<br />
BANK<br />
H S B C<br />
WILLIAM HILL<br />
BETTING OFFICE<br />
CAELLEPA<br />
DWELLINGS<br />
2 - 16<br />
H&M<br />
H&M<br />
CLOTHING<br />
281<br />
274 - 276<br />
THE<br />
THREE<br />
CROWNS<br />
PH<br />
HIGH STREET<br />
CLOTHING<br />
UNIT 20<br />
HOPE HOUSE<br />
CHARITY SHOP<br />
GOING PLACES<br />
TRAVEL AGENT<br />
278<br />
280<br />
STORE<br />
HQ<br />
HAIRDRESSERS<br />
UNIT 21<br />
DAVID ORMEROD HEARING CENTRES<br />
FORREST NEWSAGENTS<br />
WHITE LION INN<br />
PUBLIC HOUSE<br />
282<br />
THORNTONS<br />
TO BE REPUBLIC<br />
CASTLE<br />
COSTA<br />
CONFECTIONERY &<br />
BISCUITS<br />
DISAB GDS&EQUIP<br />
CTN<br />
BAKER<br />
COFFEE SHOP<br />
K F C<br />
&<br />
DEAN<br />
STREET<br />
CHIPPY<br />
FISH &<br />
CHIPS<br />
JOYS<br />
CAFE<br />
PANTON STREET<br />
PLASLLWYD TERRACE<br />
VACANT OUTLET<br />
287 289 291 293 295 297<br />
Comments<br />
Areas agreed at<br />
last review.<br />
New 10 year<br />
reversionary<br />
lease granted<br />
to commence<br />
at expiry of the<br />
current term.<br />
The lease is<br />
guaranteed by<br />
Arcadia Group PLC<br />
BET FRED<br />
BOOKMAKER<br />
FAST FOOD RESTAURANT<br />
27 - 29 25<br />
HELP THE AGED<br />
CHARITY SHOP<br />
BARBARAS<br />
FLOWERS<br />
CRUMBS SALAD BAR<br />
OXFAM<br />
CHARITY SHOP<br />
290<br />
FLOR<br />
PROFFESSIONELLE<br />
SALON<br />
HLTH&BEA & HO GDS<br />
SANDWICH BAR<br />
299<br />
301<br />
296<br />
CLOTHING<br />
HAIR<br />
DISKOS<br />
303<br />
PEACOCKS<br />
VACANT<br />
OUTLET<br />
300<br />
BERESFORD ADAMS<br />
ESTATE AGENT<br />
VACANT OUTLET<br />
VACANT OUTLET<br />
284 286 288<br />
298<br />
23<br />
305<br />
VACANT<br />
OUTLET<br />
P<br />
307<br />
302<br />
J & H<br />
VACA<br />
OUTLET<br />
THE JEWE<br />
JEWELLER<br />
HO<br />
309<br />
304<br />
CHI<br />
(120) (ESTIMATED)<br />
BRITISH RED CROSS<br />
BETTING OFFICE<br />
THE LOCAL<br />
OFF LICENCE<br />
ALLIANCE +<br />
LEICESTER<br />
BANK<br />
253/257 HIGH STREET BANGOR, NORTH WALES LL57 1PB<br />
VACANT O<br />
STORE
Covenant Information<br />
Holland & Barrett Retail Limited<br />
D&B rating - 5A1<br />
30 Sep 2010 30 Sep 2009 30 Sep 2008<br />
(£000’s) (£000’s) (£000’s)<br />
Sales Turnover 275,571 249,645 244,303<br />
Profit / (Loss) Before Tax 47,716 41,161 46,284<br />
Tangible Net Worth 91,532 93,441 75,736<br />
Net Current Assets<br />
(Liabilities)<br />
39,999 56,689 38,269<br />
Redcastle Limited<br />
D&B rating - 5A2<br />
28 Aug 2010 29 Aug 2009 30 Aug 2008<br />
(£000’s) (£000’s) (£000’s)<br />
Sales Turnover 262,785 257,723 253,416<br />
Profit / (Loss) Before Tax (14,684) (20,150) (8,157)<br />
Tangible Net Worth 293,104 304,946 319,854<br />
Net Current Assets<br />
(Liabilities)<br />
128,468 140,460 150,549<br />
Arcadia Group PLC (guarantor to Redcastle Limited)<br />
D&B rating - 5A1<br />
28 Aug 2010 29 Aug 2009 30 Aug 2008<br />
(£000’s) (£000’s) (£000’s)<br />
Sales Turnover 146,923 67,931 66,853<br />
Profit / (Loss) Before Tax 19,845 57,745 94,886<br />
Tangible Net Worth 1,092,763 1,076,321 1,020,911<br />
Net Current Assets<br />
(Liabilities)<br />
(105,795) (76,413) (115,622)<br />
T<br />
Penrhyn<br />
Tan-y-fynwent/Garden<br />
Offices<br />
Of Rest<br />
Canolfan Yr Esgobaeth<br />
STRYD WATERLOO/WATERLOO STREET<br />
TAN-Y-FYNWENT<br />
Offices<br />
Canolfan Yr Esgobaeth<br />
STRYD WATERLOO/WATERLOO STREET<br />
217<br />
Tenure<br />
We understand that 255/257 is held freehold, whilst 253 is held on a<br />
999 year lease at a peppercorn.<br />
Planning<br />
We believe the current use on both retail units falls within class A1 of<br />
the Town and Country Planning (Use Classes) order 1987 (as originally<br />
enacted). We do not believe that any of the properties are listed<br />
but understand that they are within the Bangor Conservation area.<br />
Interested parties should make their own enquiries, Gwynedd Council<br />
(Planning 01766 771000).<br />
VAT<br />
Posts<br />
0m 10m 20m<br />
Posts<br />
30m<br />
218<br />
3<br />
PH<br />
219to225<br />
PH<br />
219to225<br />
Neuadd<br />
Penrhyn<br />
227to231<br />
224<br />
Posts<br />
227to231<br />
1<br />
We understand that the premises are registered for VAT although it is<br />
envisaged that the sale will be dealt with as a TOGC.<br />
Proposal<br />
226<br />
Posts<br />
2<br />
3<br />
228<br />
233<br />
217 235<br />
218<br />
3<br />
224<br />
1<br />
226<br />
2<br />
3<br />
233<br />
235<br />
24<br />
0m 10m 20m 30m<br />
228<br />
230<br />
230<br />
24<br />
4<br />
232<br />
23<br />
Llys<br />
Gwynedd<br />
4<br />
232<br />
23<br />
234<br />
5<br />
22<br />
237<br />
234<br />
5<br />
22<br />
237<br />
6<br />
21<br />
6<br />
7<br />
21<br />
8<br />
20<br />
241<br />
7<br />
8<br />
Ps<br />
241<br />
8<br />
20<br />
19<br />
STRYD ISAF/LOWER STREET<br />
8<br />
19<br />
STRYD ISAF/LOWER STREET<br />
Canolfan Dein<br />
243<br />
25<br />
2<br />
10<br />
245<br />
244<br />
1<br />
11<br />
Canolfan Deiniol Centre<br />
243<br />
2<br />
18<br />
9<br />
245<br />
244<br />
1<br />
18<br />
54<br />
247<br />
250<br />
246<br />
to<br />
Ambassadors<br />
The Piazza<br />
52<br />
13<br />
251<br />
EBENEZER<br />
Cottage<br />
50<br />
42.3m<br />
We are instructed by Nigel Nutting and Mark Fry, acting as joint<br />
Administrators of Cathco Property Holdings Ltd, to seek offers in<br />
excess of £1,320,000 (One Million Three Hundred and Twenty<br />
Thousand Pounds), subject to contract and exclusive of VAT, for the<br />
freehold interest.<br />
14<br />
255 to<br />
Ordnance Survey © Crown Copyright 2011. All rights reserved.<br />
Licence number 100020449. Plotted Scale - 1:1250<br />
54<br />
247<br />
246<br />
to<br />
250<br />
Ambassadors<br />
16 17<br />
52<br />
12<br />
50<br />
255 to<br />
EBENEZER<br />
Cottage<br />
42.3m<br />
Ordnance Survey © Crown Copyright 2011. All rights reserved.<br />
Licence number 100020449. Plotted Scale - 1:1250<br />
17<br />
251<br />
252<br />
257<br />
252<br />
259<br />
51<br />
Ps<br />
256<br />
257<br />
1<br />
42<br />
263<br />
1<br />
259<br />
PLACE<br />
51<br />
258<br />
Ps<br />
256<br />
42<br />
Posts<br />
1<br />
263<br />
3<br />
PLACE<br />
262<br />
258<br />
41<br />
264 264a<br />
38.2m<br />
3<br />
Ps<br />
15<br />
262<br />
41<br />
266<br />
Clock Tower<br />
YORK PLACE<br />
28<br />
264 264a<br />
38.2m<br />
PO<br />
2<br />
Ps<br />
Ebenezer<br />
266<br />
PO<br />
YORK PLACE<br />
31<br />
28<br />
2<br />
Ebenezer<br />
31<br />
6<br />
275<br />
268<br />
21<br />
28.1m<br />
TCBs<br />
6<br />
21<br />
STRYD FAWR/HIGH S<br />
York House<br />
11<br />
28.1m<br />
272<br />
York House<br />
11<br />
1<br />
Ps<br />
274<br />
276<br />
1<br />
78<br />
RHES PLAS LLWYD/PLAS LLWYD TERRACE<br />
Path<br />
1<br />
Path<br />
ERRACE<br />
Further Information<br />
Andrew Inglis<br />
T: 020 7544 2040<br />
E: andrew.inglis@capita.co.uk<br />
Andrew McDonald<br />
T: 020 7544 2198<br />
E: andrew.j.mcdonald@capita.co.uk<br />
capitasymonds.co.uk/realestate<br />
020 7544 2000<br />
Capita Symonds<br />
25 Sackville Street<br />
London<br />
W1S 3HQ<br />
Tel: +44 (0)20 7544 2000<br />
Fax: +44 (0)20 7544 2222<br />
Note: NB Real Estate Markets Ltd, trading as Capita Symonds, Part of The Capita Group Plc, ("NBML")<br />
for itself and as agent for the vendors or lessors (the "Seller") of this property, gives notice that<br />
(1) These particulars do not constitute any part of an offer or a contract (2) Whilst every attempt<br />
has been made to ensure accuracy, this cannot be guaranteed and, therefore (save as set out at (6)<br />
below), (a) all statements and descriptions in these particulars as to this property are made without<br />
responsibility or liability on the part of NBML or the Seller, (b) no such statements or descriptions<br />
are to be relied on as statements or representations of fact (c) all measurements are approximate<br />
and no responsibility is taken for any error, omission or misstatement and (d) any intending<br />
purchasers or lessees must satisfy themselves by inspection or otherwise as to the correctness<br />
of each of the statements, descriptions and measurements contained in these particulars (3) The<br />
Seller does not make or give, and neither NBML nor any of its employees or agents makes or gives<br />
nor has any authority to make or give, any representation or warranty whatsoever in relation to<br />
this property. (4) Unless otherwise stated, all prices and rents are quoted exclusive of VAT and no<br />
statement is made as to the incidence of VAT. (5) No liability is accepted and no representation is<br />
made by either NBML or the Seller in respect of the presence, condition, adequacy or usability of<br />
any telecommunications or computer systems or equipment at the property, any software loaded<br />
thereon, or any related cabling or infrastructure. (6) This property is being marketed on behalf of<br />
the joint Administrators of Cathco Holdings Ltd and therefore no warranties or guarantees in any<br />
respect, including but not limited to VAT, can be given. The joint Administrators are not bound to<br />
accept the highest or any offer and are acting without personal liability. (7) Nothing herein shall<br />
exclude any liability which either the Seller or NBML would otherwise have for any fraudulent<br />
concealment or for any statements made fraudulently by it, its employees or agents.<br />
A purchase at this level would show a net Initial Yield of 8.57%,<br />
allowing for the usual purchaser costs of 5.8%.<br />
September 2011.<br />
Adrian Gates Photography & Brochures 07710 316 991<br />
253/257 HIGH STREET BANGOR, NORTH WALES LL57 1PB