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Government Let Investment Opportunity, DVLA Test Centre, Llandygai, Bangor, LL57 4HR
1,045 Sq Ft / Land
Withdrawn - Last updated: 17 December 2021
- Offers in excess of £2,615,000 (Two Million Six Hundred Fifteen Thousand Pounds) subject to contract and exclusive of VAT.
- This would reflect a net initial yield of 6.00% and equivalent yield of 8.15%. This assumes the usual acquisition costs of 5.8%
- Situated on Llandygai Business Park, one of North Wales primary industrial and business park locations, approximately 1.5 miles to Bangor City Centre and 1.5 miles from the main A55 trunk road which links England to Anglesey.
- Modern purpose built DVLA test centre.
- Freehold site (1.73 acres).
- 40 year lease to Secretary of State for Communities and Local Government from 19 August 2008 (tenant break in 2028). Rent reviews every 5 years to the higher of OMV or RPI.
- Passing rent of £166,000 per annum.
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