Belfast Telegraph

Shop housing baker Greggs goes on sale for £425,000

By John Mulgrew

The home of Greggs in Bangor has gone on sale for offers around £425,000. The business at 70-72 Main Street in the Co Down town is fully let to the low-cost pie and pasty chain’s store.  It has an annual rental income of more than £28,000 for the first five years of its lease.

The three-storey building is based across almost 6,000 sq ft, with commercial property agents Lambert Smith Hampton seeking offers around £425,000 for the building.

Greggs has expanded its store openings here rapidly, since opening its first outlets at Applegreen service stations in 2015. It has plans to open its latest shop in Lisburn, which will be the budget bakery chain’s 12th store here.

The company is set to take on a unit at Wallace Buildings at Bow Street in Lisburn.

In 2015, the Belfast Telegraph revealed the bakery giant was eyeing as many as 50 locations across Northern Ireland, with around 10 in Belfast alone.

It opened its first store at the Applegreen service station between Glengormley and Templepatrick.

Meanwhile, a restaurant and bar outside Belfast have gone on sale for £75,000.

The building at 28a Mallusk Road is being sold off by commercial property firm OKT.

“The property offers an excellent opportunity to acquire fully licensed restaurant and bar accommodation on first floor level with on–site car parking facilities comprising extensive seating, bar area, private function room, fully fitted kitchen and male and female toilets,” it says.

The property was refurbished in 2015 and is “finished to an extremely high standard throughout”, according to promotional material.

Elsewhere, a large of plot of land in Ballymena has gone on sale. The land, which is located at Galgorm just outside the Co Antrim town, covers almost 54 acres.

It’s based close to the Old Park Road and Woodtown Road, and is being sold off by Benson’s.

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