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53 & 53a Grays Hill Bangor, BT20 3BB

£119,950

Key Information

Address 53 & 53a Grays Hill Bangor, BT20 3BB
Price Last listed at Offers around £119,950
Style Investment Property
EPC Rating D88
Status Sale Agreed
   

Features

  • Prime location on Gray's Hill, Bangor, near the marina and city centre
  • Ground floor commercial unit with open-plan shop space, kitchen, and toilet facilities
  • Vacant commercial unit offering excellent potential for various businesses
  • Duplex apartment over first and second floors, featuring a fitted kitchen, spacious lounge, and two bedrooms
  • Apartment currently let at £513 per calendar month until March 2025, providing immediate rental income
  • Property requires significant upgrades and modernisation, offering a value-add opportunity
  • Ideal investment opportunity with potential for both residential and commercial returns

Additional Information

This is a rare chance to acquire a property in one of Bangor's most sought-after locations, just moments from the stunning marina and bustling city centre.

The property features a ground-floor commercial unit with an open-plan layout, including a shop space, kitchen, and toilet facilities. This flexible space is ideal for a variety of business ventures, and with its prime location, it offers fantastic potential. Currently vacant, it provides a blank canvas for an investor to enhance and capitalise on its excellent position.

On the upper levels, the duplex apartment is spread over the first and second floors. It boasts a fitted kitchen, a spacious lounge, a bathroom, and two bedrooms on the second floor. The apartment is currently tenanted, offering immediate rental income of £513 per calendar month, with the tenancy secured until March 2025.

While the property requires modernisation throughout, this presents a perfect opportunity to add value and maximise returns. With its dual-purpose layout and unbeatable location, 53 & 53A Grays Hill is an appealing prospect for investors looking to make their mark in the heart of Bangor.

53 GRAYS HILL:

Ground Floor

SHOP AREA:
6.4m x 3.51m (20' 12" x 11' 6")
Approx. 240 sq ft. Economy 7 storage heater.
KITCHEN / STORE:
3.78m x 2.44m (12' 5" x 8' 0")
Approx. 100 sq ft. With single drainer stainless steel sink unit, Heatstone water heater and kitchen worktops. Understairs storage.

Outside

Enclosed yard leading to access from Primrose Street.

53A GRAYS HILL:

First Floor

KITCHEN:
3.46m x 2.956m (11' 4" x 9' 8")
Range of low level cuoabords, space for cooker, stainless steel sink unit, plumbed for washing machine, double panelled radiator
LOUNGE:
4.746m x 3.295m (15' 7" x 10' 10")
Double panelled radiator

Second Floor

BEDROOM (1):
3.521m x 2.918m (11' 7" x 9' 7")
Double panelled radiator, velux

First Floor

BEDROOM (2):
4.734m x 3.43m (15' 6" x 11' 3")
Double panelled radiator
BATHROOM:
2.722m x 2.397m (8' 11" x 7' 10")
Panelled bath with electric shower over, push button wc, pedestal wash hand basin, single panelled radiator, hot press off with Herculag hot water tank

Directions

Gray's Hill, Bangor