53 & 53A Grays Hill, Bangor, BT20 3BB

Offers Around

£119,950

Typical Mortgage

per month

Investment

Contact Agent

Neill Estate Agents (Bangor)

Description & Features

This is a rare chance to acquire a property in one of Bangor's most sought-after locations, just moments from the stunning marina and bustling city centre.

The property features a ground-floor commercial unit with an open-plan layout, including a shop space, kitchen, and toilet facilities. This flexible space is ideal for a variety of business ventures, and with its prime location, it offers fantastic potential. Currently vacant, it provides a blank canvas for an investor to enhance and capitalise on its excellent position.

On the upper levels, the duplex apartment is spread over the first and second floors. It boasts a fitted kitchen, a spacious lounge, a bathroom, and two bedrooms on the second floor. The apartment is currently tenanted, offering immediate rental income of £513 per calendar month, with the tenancy secured until March 2025.

While the property requires modernisation throughout, this presents a perfect opportunity to add value and maximise returns. With its dual-purpose layout and unbeatable location, 53 & 53A Grays Hill is an appealing prospect for investors looking to make their mark in the heart of Bangor.

Prime location on Gray's Hill, Bangor, near the marina and city centre
Ground floor commercial unit with open-plan shop space, kitchen, and toilet facilities
Vacant commercial unit offering excellent potential for various businesses
Duplex apartment over first and second floors, featuring a fitted kitchen, spacious lounge, and two bedrooms
Apartment currently let at £513 per calendar month until March 2025, providing immediate rental income
Property requires significant upgrades and modernisation, offering a value-add opportunity
Ideal investment opportunity with potential for both residential and commercial returns

Room Measurements


SHOP AREA: 6.4m x 3.51m (21' 0" x 11' 6"): Approx. 240 sq ft. Economy 7 storage heater.
KITCHEN / STORE: 3.78m x 2.44m (12' 5" x 8' 0"): Approx. 100 sq ft. With single drainer stainless steel sink unit, Heatstone water heater and kitchen worktops. Understairs storage.
: Enclosed yard leading to access from Primrose Street.

KITCHEN: 3.46m x 2.96m (11' 4" x 9' 8"): Range of low level cuoabords, space for cooker, stainless steel sink unit, plumbed for washing machine, double panelled radiator
LOUNGE: 4.75m x 3.3m (15' 7" x 10' 10"): Double panelled radiator
BEDROOM (1): 3.52m x 2.92m (11' 7" x 9' 7"): Double panelled radiator, velux
BEDROOM (2): 4.73m x 3.43m (15' 6" x 11' 3"): Double panelled radiator
BATHROOM: 2.72m x 2.4m (8' 11" x 7' 10"): Panelled bath with electric shower over, push button wc, pedestal wash hand basin, single panelled radiator, hot press off with Herculag hot water tank