The proposed scheme involves the creation of 4 ground floor units which are suitable for restaurant and café operators.
The upper floors of this iconic 5 storey building will be sympathetically converted to provide modern apartments with excellent views across the Bangor Bay.
The units will be handed over in an effectively shell specification with services brought to distribution points.
It is expected that the ground floor units will be available for handover in Spring 2019 (subject to receipt of planning permission).
To be assessed by Land & Property Services. The rate in the £ for Ards &North Down Borough Council 2017/2018 is £0.582601.
All prices, rentals and outgoings are quoted net of VAT which may be chargeable.
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T 028 9089 4066
M 07802 520008
M 07341 866173
Bangor is just 15 miles from Belfast on Northern Irelands scenic North Down Coast. The town has a thriving residential population of over 57,000 which increases to 109,000 within the 20 minute drive time.
The towns heritage as a seaside resort is evident in the Victorian and Edwardian architecture, esplanade, seafront walks, beaches and marina.
Bangor in addition to many visitor amenities has a thriving local economy and over the past few decades has become home to many Belfast commuters who utilise the good road and rail links.
The scheme is a redevelopment of the former Royal Hotel which occupies a superb town centre location overlooking Bangor’s marina (Irelands largest). It is located in close proximity to many of the towns visitor amenities including Pickie Fun Park, the Walled Garden, North Down Heritage Centre, Bangor Abbey and
the Aurora leisure complex which boasts a 50m swimming pool and waterpark.
Term: New 10 year effectively FRI lease.
Unit 1 – £60,000 per annum exclusive.
Unit 2 – Agreed
Unit 3 – £42,500 per annum exclusive.
Unit 4 – £13,500 per annum exclusive.
Repairs: Full repairing basis, recouped by way of a service charge provision.
Insurance: Tenant to reimburse
22-28 Quay Street, Bangor, United Kingdom