THE ROYAL HOTEL & WINDSOR BAR, 22-28 QUAY STREET, BANGOR, BT20 5ED

5 FLOORS n 50 EN-SUITE BEDROOMS n TWO BARS AND ADDITIONAL BEER GARDEN n FUNCTION ROOMS n C. 35,639 SQ FT

ON THE INSTRUCTIONS OF THE FIXED CHARGE RECEIVERS

ONE OF THE MOST RECOGNISABLE LANDMARKS IN NORTH DOWN, REGARDED AS ‘THE SPIRIT OF BANGOR’, THIS PROPERTY OFFERS A UNIQUE OPPORTUNITY TO PURCHASE A FLAGSHIP BUILDING ON BANGOR’S SEAFRONT.

LOCATIONBangor is just 15 miles from Belfast on Northern Ireland’s scenic North Down coast. The largest town in County Down is a thriving community of over 60,000; its heritage as a seaside resort evident in the Victorian and Edwardian architecture, esplanade, seafront walks, beaches and marina.

Bangor continues to be a popular destination for day-trippers and holidaymakers from NI and beyond. In addition to many visitor attractions, the town has a thriving local economy and is home to many Belfast commuters. Bangor was voted in 2007 by UTV viewers ‘Northern Ireland’s most

desirable place to live’. The town has good road and rail links to Belfast, is a 20-minute drive to George Best Airport and is convenient to major ferry ports and motorways.

The Royal Hotel and Windsor Bar occupies a superb position, directly overlooking Bangor’s picturesque Marina (Ireland’s largest) which attracts yachtsmen from all over the world. Many visitor amenities are within walking distance: Pickie Family Fun Park and boating lagoon, the Walled Garden at Bangor Castle and Project 24 modern art installation. The town centre also boasts an Olympic size swimming pool and waterpark at the new Aurora complex,

while Bangor’s importance as a major medieval monastic settlement is celebrated at Bangor Abbey and its award-winning heritage centre. These amenities are the result of significant recent investment by local government.The town is set amidst 16 miles of beautiful coastline. The North Down Coastal Path is one of the finest shoreline walks on this island. Many top visitor destinations are within easy reach, including the Ulster Folk and Transport Museum, Strangford Lough, St. Patrick’s Trail and seaside villages Groomsport and Donaghadee. North Down has six 18-hole golf courses, including the birthplace of golf in Ireland and the championship course where Rory McIlroy learned the game.

THE ROYAL HOTEL

MAJOR BANGOR TOURIST ATTRACTIONS AND PARKS ARE WALKING DISTANCE. THE NORTH DOWN COASTAL PATH IS ON THE DOORSTEP, AS IS THE BANGOR TOURISM INFORMATION CENTRE.

VIEW FROM 4TH FLOOR BEDROOM

ECONOMY AND TOURISMNorthern Ireland has a growing population of 1.8m. The region enjoys a strong record of attracting investment due to excellent transport and communications infrastructure, high educational standards and a young, motivated workforce. Costs are competitive, and NI also benefits from a pro-business climate which nurtures enterprise. Major growth areas include ICT (Belfast is Europe’s top destination for software development), financial services, professional services, life sciences, aerospace and cybersecurity.

As the economy has improved, NI has become a hub for innovation. Belfast’s Queen’s Island, where Titanic was built, is now a dedicated science and technology cluster of high-growth businesses. Nearby, major production studios are making hit TV series and films such as Game of Thrones. A leading location; NI landscapes and cityscapes feature on television and the big screen.

Also putting NI on the map: our golfing greats and the success of Belfast’s new Titanic Museum. Major world-class events are now staged here regularly and new tourism products and infrastructure are regularly coming on stream. The Northern Ireland Tourist Board is building on this positive profile, recognising the growing importance of tourism in the economy. Visitor numbers and revenue are rising annually:

n 2013 tourism spend worth c. £723 million

n 4.2 million visitors the target set by government for December 2014.

n 40,000 jobs in the sector in 2010

The Bangor economy reflects the more positive picture and is diversifying; strongest sectors being wholesale, retail, business services, construction and manufacturing.

THE ROYAL HOTEL

SITUATIONThe Royal Hotel and Windsor Bar is Bangor’s best-known seafront landmark, a ‘Bangor Institution’ in the grand tradition. This imposing property on a prime site offers superb development potential. Since 1773, a hotel has stood here, rebuilt in 1932.

Over its 242-year history, the hotel gained status as an iconic landmark integral to Bangor’s life and landscape. The guest book contains many famous names and Van Morrison was a regular. The Windsor Bar enjoyed a popular reputation for music events.

Facing the Marina, the location also benefits from being in the heart of Bangor, beside the main shopping and business streets, High Street and Main Street. The property is particularly well-placed for a wide range of activities, including as a hotel for business, tourism and leisure uses.

Major Bangor tourist attractions and parks are within walking distance. The North Down Coastal Path is on the doorstep, as is the Bangor Tourism Information Centre. The property is also situated in the heart of Bangor’s lively nightlife district.

THE ROYAL HOTEL

DESCRIPTIONThe 5-storey building enjoys a prominent position on Quay Street and boasts a handsome bay fronted façade with tower – a distinctive example of ‘30s architecture.

The property comprises:

n 50 bedrooms, all with en-suite facilities. Features include high ceilings with mouldings. Many have panoramic sea views.

n Two popular bars (Windsor Bar and Crown Bar) with spacious beer garden accessed from both. The Crown Bar has its original open fire.

n Restaurant with oak panelling, open fire and parquet flooring

n Function Rooms at first floor level, catering for up to 200. One is galleried and suitable as a nightclub.

n Two kitchens

n Additional staff rooms/offices.

n Passenger lift to the upper floors. The purchaser may be able to split the Windsor Bar, to sell as a separate entity from the Hotel or for lease to a pub operator, subject to the necessary works being carried out to split the property.

THE CROWN BAR

A TYPICAL BEDROOM

THE WINDSOR BAR

ACCOMMODATION Approximate Gross Internal Area of the property: Ground Floor 12,120 sq ft (1,134.35 sq m)First Floor 9,193 sq ft (854.05 sq m)Second Floor 7,700 sq ft (715.40 sq m)Third Floor 3,268 sq ft (303.58 sq m)Fourth Floor 3,268 sq ft (303.58 sq m)Total: 35,639 sq ft (3,310.96 sq m)

CONTENTS Large amount of furniture, beds, chairs, tables and kitchen equipment to be included in the sale.

LICENCE It is our understanding that the Royal Hotel and Windsor Bar holds a current Liquor Licence.

PLANNING PERMISSIONFull Planning Permission was granted on 17th May 2011 for the demolition of the existing Hotel and Windsor Bar and the erection of a replacement 52 room hotel with bar/restaurant, roof-top restaurant, 33 luxury apartments, viewing terrace, roof-top gymnasium, car parking, amenity space and ancillary accommodation.

RATES NAV: £49,000Rate in the £ (2014): 0.5554Rates Payable: £27,214 per annum approx Please note that in accordance with the 2015 Rates Revaluation, the draft NAV for the property is £35,000. We recommend that any potential occupiers verify these figures with Land and Property Services.

PRICEOffers invited in the region of £950,000

VATAll figures quoted are exclusive of VAT, which may be payable.

TITLEWe are assuming that the property is held by way of freehold or long leasehold, subject to the payment of a nominal ground rent.

PICKIE FUN PARK

THE ROYAL HOTEL AND WINDSOR BAR IS BANGOR’S BEST-KNOWN SEAFRONT LANDMARK, A ‘BANGOR INSTITUTION’ IN THE GRAND TRADITION.

THE WINDSOR BAR THE WINDSOR BAR

BRASSERIE

LIFT FOYER

RECEPTION

REVOLVING DOOR

LOBBY

fire exit

COCKTAIL LOUNGE

BAR

FIRESTAIR

fire exitGENTS

WHEELCHAIRW.C.RAISED AREA

fire exitLOUNGE

BAR

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LOBBY GENTS

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RAISED AREA

fire exit

BIN STORE

ENTRANCE TO THE FUNCTION ROOM

exit

cloaks

RAISED AREA

Beer Garden

BAR

LADIES

DJ

KEG BEER STORE CHILL ROOM FOOD PREP.

SERVICE CORRIDOR

KITCHEN

carveryself service

servery

exit

LADIES

FIRE ESCAPEENTRANCE TO THE

‘CROWN BAR’

FIRE ESCAPEFIRE ESCAPE

BOTTLED BEER

STORE

RAISED AREA

COLD ROOM

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DISHWASH

servery

self serviceFOYERLOUNGE

fire exit ramp

SNUG SNUG

PUBLIC BAR

BARLOBBY

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ramp

PASSAGEWAY FIRE STAIR

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LOBBY

fire exit

COCKTAIL LOUNGE

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BAR

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GENTSLADIES

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fire exit

LOBBY GENTS

LOBBY

RAISED AREA

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BIN STORE

ENTRANCE TO THE FUNCTION ROOM

exit

cloaks

RAISED AREA

Beer Garden

BAR

LADIES

DJ

KEG BEER STORE CHILL ROOM FOOD PREP.

SERVICE CORRIDOR

KITCHEN

carveryself service

servery

exit

LADIES

FIRE ESCAPEENTRANCE TO THE

‘CROWN BAR’

FIRE ESCAPEFIRE ESCAPE

BOTTLED BEER

STORE

RAISED AREA

COLD ROOM

COLD ROOM

DISHWASH

servery

self serviceFOYERLOUNGE

fire exit ramp

SNUG SNUG

PUBLIC BAR

BARLOBBY

COLD ROOMSTORE

LADIESGENTS

ramp

PASSAGEWAY FIRE STAIR

FIRE STAIR

FIRE STAIR

WHEEL CHAIRW.C.

SNUGSNUGBAR

LOBBY

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fire exit

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FIRE STAIR

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BATH-ROOMStoreCloaks

fire esape

GENTSTOILET LADIES

TOILET

dance floor

fire exit

FIRE STAIR

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LADIESKITCHENBAR

FOYER

GENTS

COLDROOM

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FOURTH FLOOR PLAN

Frazer Kidd and Partners for themselves and for the vendors of this property whose agents they are, give notice that: (i.) The particulars are set out as a general outline for the guidance of intending purchasers or lessees, and do not constitute part of an offer or contract: (ii.) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them: (iii.) No person in employment of Frazer Kidd and Partners has any authority to make or give representations or warranty whatever in relation to this property.

LOCATION MAP

VIEWING For all enquiries and to view the property please contact:

Brian Kidd Stephen ReidFrazer Kidd & Partners Frazer Kidd & PartnersTel: 02890 233111 Tel: 02890 233111Mob: 07885 739063 Mob: 07775 924283Email: bkidd@frazerkidd.co.uk Email: stephenr@frazerkidd.co.uk Sole selling agents