Funeral Directors Investment for Auction Bangor BT20

Guide Price: £210,000
Auction Date: 16/04/2025

Property Types

Guide Price £210,000. The property comprises a single storey funeral home of traditional 1980s construction covered with a pitched roof. Internally the building is finsihed to a good standard providing a church an ancillary funeral home areas. Let on a 15 year lease term with effect from November 2020 at an annual passing rent of £15,000. The lease is subject to 5 yearly rent reviews. The rent reviews are RPI linked collared and capped at 2% and 4% respectively. There is tenant break option in November 2030.

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