Guide Price £2,100,000

Commercial Property for Sale

Caernarfon Road, Bangor, Gwynedd, LL57

Guide Price £2,100,000

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Full Description

This significant site has been owned by the Denis Ferranti Group, a privately owned engineering business specialising in the manufacture of mechanical, electromechanical, and electronic products since 1951. Changes in design and technology have left large parts of this site redundant and as the company evolves into new productions, the freehold of the site is put to the market.

This significant site has been owned by the Denis Ferranti Group, a privately owned engineering business specialising in the manufacture of mechanical, electromechanical, and electronic products since 1951. Changes in design and technology have left large parts of this site redundant and as the company evolves into new productions, the freehold of the site is put to the market.
The property covers an area of some 6.5 acres and comprises of a mixture of modern and secondary factory, workshop, and office accommodation as briefly described below:

1. Main Building. A substantial steel frame factory unit with brickwork elevations under a corrugated asbestos roof supported by steel truss frames. To the northern end is a more recent extension of steel frame clad construction, providing first floor office and warehousing.
2. Main Building Modern Extension. A southern modern extension of steel portal frame construction with metal clad elevations with an adjoining bay of similar construction incorporating a staff canteen and WC facility servicing the workshop, together with a SP Energy substation specific for the factory.
3. Northern Modern Warehouse. A relatively modern partitioned and part insulated steel portal frame unit with part brick and profile clad roof. Within this building is also a small proportion of ground office accommodation. There is an adjacent separate single-story garage/warehouse.
4. Office Block. To the south of the site there is a good quality three-storey office block.

Externally there is car parking for approximately 50 vehicles with a secondary access available off Ffordd Hendre. There is ample circulation space around the site, with surfaced yard and storage areas and a redundant heli pad area.

There is an area of expansion land to the northwest corner of the main site of some 0.69 acres

Bangor is a university city located some 9 miles north of Caernarfon and 50 miles west of Chester. The A55 junctions at the city and gives good access to Anglesey, the coastal towns to the east, and the motorway network at Chester. The city also gives good access to the Snowdonia National Park and the tourist resort towns on the Llyn Peninsula and Anglesey. Bangor has a population of some 17,988 as at the 2011 Census but with a total population within the Bangor primary catchment area of more than 166,000.
This significant site is located some 2 miles south west of Bangor City Centre, just off Caernarfon Road, one of the main arterial routes into and out of the city. The immediate area has a high density of residential property however the site does adjoin the southern boundary of St Davids Retail Park and there are considerable modern and popular retail users along this stretch of Caernarfon Road which includes B&Q, Dunhelm, Currys, Matalan, T K Maxx and Argos.