مركز تسوق ميناي - مركز صحي جديد في بانجور بقيمة 30 مليون جنيه إسترليني
The Menai Shopping Centre forms the central retail location in Bangor. Totalling some 130,000 sq ft / 12,077 sq metres, occupiers include Caffé Nero, Hays Travel, Three, The Factory Shop, Superdrug and Burger King. Greggs have recently occupied unit 9.
The Menai Shopping Centre was previously anchored by a Debenhams department store. The store is to become a significant health and wellbeing hub with some £30m of investment having been approved by the Betsi Cadwaladr University Health Board and Gwynedd Council. Plans have been submitted to the Health Board and Welsh Government for formal approval. Completion of the sale to the Health Board is anticipated during 2025 once formal Welsh Government approval has been granted. See here a press release reported in the North Wales Chronicle – view
It is anticipated that completion of the development will provide a significant boost to Bangor city centre with an increased footfall.
يتضمن بيع وحدة ديبنهامز السابقة نقل ملكية موقف السيارات متعدد الطوابق في وسط المدينة إلى مجلس الصحة.
إقامة
تم قياس العقار بواسطة BKR Floor Plans وهو يوفر صافي مساحات الطوابق الداخلية التالية:
صافي الواجهة | 7.72 m | 25?4? |
الواجهة الإجمالية | 7.87 m | 25?10? |
المنطقة أ | 46.54 sq m | 501 sq ft |
المنطقة ب | 46.45 sq m | 500 sq ft |
المنطقة ج | 46.45 sq m | 500 sq ft |
بقية | 94.76 متر مربع | 1,080 sq ft |
ITZA | 1011 | |
إجمالي الدور الأرضي | 239.77 sq m | 2,581 sq ft |
قبو | 101.17 sq m | 1,089 sq ft |
المجموع | 340.94 sq m | 3,670 sq ft |
A set of floor plans and measurements is available to download; the measured survey report will be re-addressed to a purchaser at a cost of £285 + VAT.
قيمة ضريبة المباني
According to the Valuation Office website the rateable value for the property is £35,500.
مضاعف معدلات الأعمال هو 0.562.
فترة
The sale structure will provide an investor with a long leasehold interest in the retail unit, and ultimately a share (with appropriate voting rights) in a management company which will own the Menai Shopping Centre.
The interest being sold is a 999 year leasehold at a peppercorn rent. In addition the purchaser will be granted a share of the ?Management Company?, Menai Centre Management Limited (Co. no. 16118710).
18 shares in the Management Company will be granted in relation to the various retail units at the Menai Shopping Centre. The current freeholder, Bearmont Capital Ltd, is obligated to currently continue managing and insuring the Menai Centre, by way of appointing a suitable managing agency; the agency current appointed is Mason Partners.
The vendor is gradually disposing of long leasehold interests of all the retail units. At the point when the last unit is sold, Bearmont Capital Ltd will relinquish control of the Management Company. The freehold title will transfer from Bearmont Capital Ltd to the Management Company, with a long-stop date of three years from completion of the sale of the first unit.
The 999 year leasehold interest will oblige the unit holder to pay a fair and proper proportion of the insurance and service charge relating to the Menai Centre. The unit holder will then be able to recover these costs from the tenant under the terms of the occupational lease.
The purchasers of the various retail units will be required to enter into a deed of covenant with two adjoining title owners in regard to the maintenance obligations over the service area, such maintenance being organised through the service charge of the centre. Please refer to the legal package.
Freeholder
Bearmont Capital Ltd is part of the Bearmont Group, a highly regarded multi-disciplined property investment business. Further details can be found on the company?s website.
الإيجار
الوحدة في الطابق الأرضي مؤجرة لـ JD Sports Fashion Plc على عقد إيجار إصلاح وتأمين كامل لمدة 5 سنوات من 20ذ February 2022, expiring on 19ذ فبراير 2027. الإيجار الحالي هو 30 ألف جنيه إسترليني سنويًا and is currently paid monthly in advance. The lease included a tenant?s break option for 20th February 2025; the tenant has not exercised the break option.
Note that a side letter provides for 50% rent reduction in the event of Government restrictions imposed on trading by a pandemic recognised as Covid-19. This concession ends 6ذ September 2025.
تكلفة الخدمة
The service charge budget for the Menai Shopping Centre for the year 2024-2025 is £327,460. The allocation to this unit is £4,725. Full information of the budgets and reconciliations is available to download.
EPC
The property has an Energy Performance Certificate assessment as ?D?.
عهد
The tenant, JD Sports Fashion Plc (Co. No.01888425), has reported the following figures;
(53 weeks) 3 Feb 2024 | |
دوران | £10,397,200,000 |
أرباح ما قبل الضرائب | £811,200,000 |
JD Sports Fashion Plc has a market capitalisation as at 30th January 2025 of £4.52billion.
ضريبة القيمة المضافة
تم اختيار العقار لضريبة القيمة المضافة. نتوقع أن يكون البيع قابلاً للمعاملة باعتباره نقلًا لشركة قائمة (TOGC).
عرض
لقد أمرنا بالسعي للحصول على رقم £292,500 (Two Hundred Ninety-Two Thousand, Five hundred Pounds), subject to contract, reflecting a net initial yield of 10% (assuming standard purchaser?s costs of 2.61%).
Please note that a purchaser will be re-charged the costs of the searches (£1,380.95) which are provided in the data room.
يرجى ملاحظة أنه سيتم فرض رسوم معاملة على المشتري بقيمة 1% من سعر البيع بالإضافة إلى ضريبة القيمة المضافة.
اعتبارات الاستثمار
- An opportunity to acquire a prominent retail unit in an area of significant regeneration;
- يحتل العقار موقعًا بارزًا في وسط المدينة؛
- 999 year leasehold interest for sale, along with a share in the management company due to own the freehold of the Menai Shopping Centre.
- The property is let to a strong covenant;
- الشراء بسعر الطلب يعكس صافي عائد مبدئي جذاب ؛
- حجم عقد جذاب للمستثمر.