£400,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page
Holyhead Road, Bangor, Gwynedd, LL57
Band: D

Arrange a viewing with our Commercial, North Wales branch

About this property

  • Investment property located prominently in Upper Bangor
  • Newly tenanted restaurant premises consisting of covered courtyard, bar, restaurant, large kitchen & numerous alcoves that provide seating
  • Benefitting from studio apartment, accessed via a metal spiral staircase
  • New 7 year lease in place providing an annual rental income of £20,400 per annum
  • Situated in a prominent position on Holyhead Road, a main thoroughfare for which there is a significant footfall with students

Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page :  

D

Size Internal The size of a property or land refers to its physical extent or area. Read our glossary page

4894sqft

Use Class A commercial use class refers to a classification system that categorises buildings based on their intended commercial purposes, such as offices, retail spaces, or industrial facilities. Read our glossary page

ASK AGENT

Investment property located prominently in Upper Bangor
If you’ve lived, worked or been a student in Bangor sometime during the past 30 years or so, then you may well have heard or indeed visited this irresistible and truly one-of-a-kind restaurant/bar located in close proximity to the university and its lively student population.
It’s not often that such an opportunity would presents itself to acquire a unique restaurant/bar premises which brings to life in the truest sense the Aegean atmosphere, with your senses treated to a tangible feel of the warmer climes of Greece, stimulating your desire to make this venue somewhere you would definitely return to and recommend to friends and colleagues alike. The building has been painstakingly and lovingly nurtured over the years to become an authentic eating, drinking and music venue like no other. The owners have now decided that it’s time to hand over the business to the next budding entrepreneur and generation who might be able to continue to build on the past success of its restaurant and the ever popular bar and music venue which proved irresistible with the local student population and local musicians. This is made all the more enticing as the venue has an entertaining and musical license effective over 7 days a week.

The venue has a spacious covered courtyard which in turn opens through to the main bar, numerous cosy alcoves, the main restaurant (with first floor seating gallery areas too) and commercial kitchen/catering area. The venue is capable of seating around 150 patrons. The décor and theme in general is heavily biased towards a Greek lifestyle but could be adapted to suit a variety of uses and themes to suit. This sizeable premises provides an inspiring setting for what will undoubtedly be an exciting business opportunity. There is also the option to purchase a further Business Premises located adjacent and directly accessible via the main restaurant. Please direct all enquiries to our Bangor office.

ACCOMMODATION
The premises provide the following approximate dimensions:-

Ground Floor
364.5 m2 / 3923 ft2

First Floor
70.3 m2 / 757 ft2

Tenure
Freehold.

COUNCIL TAX BAND
C

Rates
We understand from our enquiries of the VOA website that the premises are assessed for Rates as follows:-

Rateable Value £ 12,500

Interested parties to make their own enquiries as to any rate relief that may be applicable.
Dafydd Hardy gives no warranty that the values supplied or the sums of money expressed as being payable are accurate and the assignee should make their own enquires with the Local Rating Authority to confirm the figures quoted are correct.

EPC
A copy of the Non-Domestic Energy Performance Certificate is available from the agents upon request.

Legal Costs
Each party will be responsible for their own legal costs incurred in this transaction.

VAT
Prices, outgoings and rentals are exclusive of, but may be liable to, VAT.

Viewing by appointment


Disclaimer
Dafydd Hardy Estate Agents Limited for themselves and for the vendor of this property whose agents they are give notice that: (1) These particulars do not constitute any part of an offer or a contract. (2) All statements contained in these particulars are made without responsibility on the part of Dafydd Hardy Estate Agents Limited. (3) None of the statements contained in these particulars are to be relied upon as a statement or representation of fact. (4) Any intending purchaser must satisfy himself/herself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. (5) The vendor does not make or give and neither do Dafydd Hardy Estate Agents Limited nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property. (6) Where every attempt has been made to ensure the accuracy of the floorplan contained here, measurements of doors, windows, rooms and any other items are approximate and no responsibility is taken for any error, omission, or mis-statement. This plan is for illustrative purposes only and should be used as such by any prospective purchaser. The services, systems and appliances shown have not been tested and no guarantee as to their operability or efficiency can be given. Floorplans made with Metropix ©2007.
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Floorplan

Map

Train stations

Train station Bangor (Gwynedd)  (0.3 miles)
Train station Llanfairpwll  (3.1 miles)

EPC

EPC chart

Mortgage calculator

Yield calculator

Stamp duty calculator

About Us

Dafydd Hardy Estate Agents and Chartered Surveyors are an employee-owned, independent business with 5 offices covering Gwynedd, Anglesey, and Conwy. Having won numerous prestigious awards, the company was founded by Dafydd Hardy and Richard Thomas (both RICS Chartered Surveyors) in 1992. Today, it is a trusted and successful enterprise in North Wales, celebrated for its expertise and extensive experience in residential sales, lettings, surveys, and commercial property matters.

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Tenant Info for Holyhead Road, Bangor, Gwynedd, LL57