The Cathedral and University City of Bangor is located in North-West Wales, approximately 96 km (60 miles) west of Chester and 100 km (62 miles) north-west of Wrexham. The city is also within easy reach of Liverpool and Manchester.

The city benefits from good road communications, being served by the A5 and A55 which links with the M56 Motorway to the east. Bangor is also connected with to the national railway network with a fastest journey time to London Euston of 3 hours and 38 minutes.

Situated on the doorstep of the Snowdonia National Park and with beaches, areas of natural beauty and family attractions in close proximity Bangor is a popular tourist destination, particularly in the summer months.

Bangor University has over 10,000 students and contributes significantly to the local economy. According to its website it is ranked in the top 40 in the UK for research with the most recent National Student Survey (NSS 2019) results placing Bangor amongst the UK’s top 10 universities for student satisfaction.

The property has been measured by BKR Floor Plans and provides the following Net Internal floor areas:

A set of floor plans is available to download and the measured survey report will be re-addressed to a purchaser at a cost of £213 + VAT.

The tenant, Done Brothers (Cash Betting) Limited (Co. No. 01277703), has reported the following figures;

*The accounts state that there were exceptional costs of £86.5 million in relation to an impairment following the Government’s decision to reduce the maximum stake on fixed odds betting terminal machines (FOBT’s) from £100 to £2. The impairment was presented as exceptional due to its material and one-off nature.

The ultimate parent company is Betfred Group Limited. For the year ending 30th September 2018 the company balance sheet reported Shareholders’ Funds of £113,015,000.

The company trades under the Betfred name. Fred Done and his brother Peter started the chain with a single betting shop in Salford in 1967 and have since built it into one of the largest businesses within the gambling industry. Betfred is now one of the biggest and most well-known brands on the high street with over 1,550 shops throughout the United Kingdom (as of January 2020).

The current name Betfred was established in 2004 after a rebranding from the original name; Done Bookmakers. In 2004, Betfred launched their digital platform Betfred.com and offer sports betting, online casino, online games, bingo, lotto, online poker and virtual sports. Betfred’s retail expansion continued in the coming years with shops opening up and down the country. Betfred reached a milestone in 2005 when its 500th shop opened its doors in Cardiff. In the same year, the company opened its first racecourse shop at local track Haydock Park on Merseyside.

In 2006 Betfred became official betting partner of Manchester United and the recently renovated Wembley Stadium. In 2013, the company established Betfred TV, an in-house channel that is available in all shops both on the high street and on the racecourse. This was the first of its kind in the UK.

Betfred is the leading sponsor of sporting events such as the Betfred World Snooker Championship, Betfred British Masters, Betfred World Matchplay and Betfred Super League.

(Source: www.betfredcorporate.com)

1. An opportunity to acquire a VAT-free investment;

2. The property occupies a prominent position in the town centre;

3. New letting at a re-based rent;

4. Freehold;

5. Let to Betfred, one of the largest and most recognised businesses within the gambling industry;

6. Betfred have been in occupation since at least 2009 and renewed their lease during COVID-19, demonstrating their commitment to the property;

7. A purchase at the asking price reflects an attractive net initial yield;

8. Attractive lot size to an investor.