Summary - Greek Taverna Politis,12-14 Holyhead Road,BANGOR,LL57 2EG LL57 2EG
1 bed 1 bath Restaurant
### Standout Features:
- Prominent commercial property on busy Holyhead Road in Upper Bangor.
- Newly tenanted restaurant premises with a covered courtyard, bar, restaurant areas, and a large kitchen.
- Studio apartment included, accessible via a spiral staircase.
- New 7-year lease providing an annual rental income of £20,400.
- Seating capacity for around 150 patrons, adaptable for various themes.
- Close proximity to university, ensuring significant footfall from students.
- Cultural and commercial hub with numerous amenities and facilities.
### Potential Concerns:
- Mortgage lenders may be reluctant to finance due to the limited lease duration.
- Crime rate in the area is above average, which may affect some potential buyers.
**Summary Description:**
This exceptional investment opportunity in Upper Bangor places you right in the vibrant heart of a bustling student neighborhood, ideal for entrepreneurs looking to capitalize on high foot traffic. The property features a spacious, tenanted restaurant with distinctive Aegean-themed decor that can comfortably seat up to 150 patrons. With significant potential for future renovations or rebranding, this versatile venue currently generates a solid annual rental income of £20,400 thanks to a long 7-year lease.
Accessibility to a studio apartment adds allure for potential tenants while the property’s strategic location ensures continual patronage from the nearby university. Although there are concerns about mortgage financing due to the lease length, its overall size of nearly 4,894 square feet presents ample opportunities for growth and versatility. With Upper Bangor’s cosmopolitan flair and a strong student demographic, this property is poised for future success—get in now before it slips away!
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