The Halifax building on Bangor High Street is going under auction next month with a guide price of just £1.
The property is listed with agents Lambert Smith Hampton as a building with ‘redevelopment potential’ although it’s noted to be in poor condition, and it is therefore likely that extensive works would be required before any letting could be achieved.
The property comprises a terraced four storey building constructed in the early 1970’s with a total net internal area of 6,838 sq ft. The property is currently let to Bank of Scotland PLC (trading as Halifax) on a lease producing a rent of £62,500 per annum and this will expire on 30 April 2023.
The ground floor of 1,508 sq ft (140 sq m) is set to the layout of a usual retail bank and provides ancillary accommodation with a basement of 1,068 sq ft (99.2 sq m) made for storage. The next three floors total 4,262 sq ft (396 sq m) are utilised as office accommodation and are accessed from two separate internal staircases.
The building occupies the majority of the site, but there is a service yard to the rear which also provides two parking spaces.
The building goes to online auction at midday on 1 February. For more information, visit: https://onlineauction.574.co.uk/lot/details/83926
