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Unit 3 – DNM ta Homme

Unit 3 Homme, Menai Shopping Centre, Bangor, United Kingdom, LL57 1DN
for sale Clicktopurshase Icon
£ 1,234 Subject to contract

Location

Summary

Situation

Description

The Menai Shopping Centre – New £30m Bangor Health Hub

The Menai Shopping Centre forms the central retail location in Bangor.  Totalling some 130,000 sq ft, occupiers include Café Nero, JD Sports, Hays Travel, Three, The Factory Shop, Superdrug and Burger King. 

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.  Contracts have been exchanged to sell a long leasehold interest to the Health Board for the Hub and it is anticipated that completion will occur during 2025 once Welsh Government approval has been granted.

The development will provide a significant boost to Bangor city centre with an increase anticipated in footfall within the city centre as a result.  It is anticipated that the new Health Hub will open XXXX.  Further details can be viewed here.

The sale of the former Debenhams unit includes passing the ownership of the town-centre multi-story car park to the Health Board.

Accommodation

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Rateable Value

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Tenure

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Tenancy

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Service Charge

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Covenant

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VAT

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Proposal

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Investment Considerations

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Contacts

Singer Vielle
Singer Vielle
+44 (0) 207 935 7200
Neil Singer
+44 (0) 207 935 7200
neil@singervielle.co.uk
Dale Henry
+44 (0) 203 701 1356
dale@singervielle.co.uk
Sam Kayne-Levenson
+44 (0) 203 478 9121
sam@singervielle.co.uk
Vendor's Solicitor Firm
Gateley Legal
+44 (0) 113 218 2470
Agency Image
James Sargent
+44 (0) 113 261 6615
james.sargent@gateleylegal.com
See website for full details : https://singervielle.com

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