Boots, 277-279 High Street, Bangor | Property for sale | Savills
Guide price £575,000(€683,772)

Boots277-279 High Street, Bangor

  • New
  • Sole agency
  • Freehold
Investment
Yield 14%Yield

Key features

  • High Yielding Retail Investment
  • Let to the Undoubted Covenant of Boots UK Limited
  • New Reversionary Lease Expiring 03/08/2029 (No Breaks)
  • Rent Rebased from £250,000 p.a.
  • 26,295 sq ft (2,442.88 sq m)
  • Prominent High Footfall Locationon Pedestrianised Street
  • Investment Let at £80,000 p.a. (13.91% GIY on Guide Price)

High Yielding Retail Investment Opportunity Let to Boots on a New Reversionary Lease Expiring 03/08/2029 Investment Let at £80,000 per annum

About this property

  • The property comprises a high yielding retail investment opportunity let to Boots on a new reversionary lease. Arranged across ground, first and second floors and comprising a double fronted retail unit, the property is fully let to Boots UK Limited on a lease expiring 03/08/2029 with no breaks and paying £80,000 per annum. The tenant signed a new, five year, reversionary lease in August 2024 rebasing the rent from £250,000 per annum, displaying confidence in the location. The property occupies a prominent, high footfall, pitch on Bangor High Street adjacent to the central square and the entrance to the Deiniol Shopping Centre. Nearby occupiers include Costa, JD Sports, M&S, and Greggs.

Additional information

  • The property is fully let to Boots UK Limited on a lease expiring 03/08/2029 and paying £80,000 per annum.
  • The tenant signed a new, five year, reversionary lease in August 2024. The original lease commenced February 2009 and the renewal included a rebasing of the rent from £250,000 per annum.
  • Boots UK Limited
  • - Turnover (2022) - £6.5bn
  • - Pre-Tax Profit (2022) - £4m
  • - Employees - 40,768
  • Boots is one of the UKs best known High Street names with over 2,100 stores and a history spanning 175 years.