163-165 High Street, Bangor, LL57 1NU
Freehold retail premises in Bangor
Please note that the EPC is a D rating and not as stated in the catalogue - Updated 04.07.2023 @ 10:00.
A Vacant Freehold Retail Premises With Potential To Convert The Upper Floors To Residential Uses Subject To Obtaining The Appropriate Planning Permission
Property DescriptionThe property comprises a retail unit arranged over ground, basement, first, second and third floors. There is excellent residential conversion opportunities of the upper floors subject to planning. The premises currently benefit from use Class E of The Town And Country Planning (Use Classes) Order 2020 which include but not limited to shop, café, restaurant, showroom, medical health and offices uses as well as being suitable for alternative uses subject to planning permission.
LocationThe property is prominently located fronting the High Street within the heart of the City Centre within the general vicinity there is a diverse mix of retailers together with bars, restaurants and Cafe's.
Bangor is a historic university city located on the north west coast of Wales near the Mennai Strait and the island of Anglesey, and is approximately 20 miles west of Colwyn Bay.
Energy Performance RatingD
TenureFreehold – Vacant possession upon completion.
Value Added TaxWe understand VAT is applicable on this transaction. Full details will be available within the legal pack.
Auctioneer's NotePlease note offers may be considered prior to the Auction Sale.
Remote Bidding AuctionThis property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.
ViewingsStrictly by appointment with the Auctioneers.
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.