2075Sq Ft
For
Sale
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64 High Street, Newtownards, BT23 7HZ
For
Sale
File Ref: 9246
Prominent Retail Investment Opportunity
Producing an income of £18,000 p.a.
C. 193 sq m (2,075 sq ft)
The property is located on High Street within the towns retail core, benefiting from a high level of pedestrian footfall and passing vehicular traffic.
Currently comprises a modern open plan retail unit (c. 25 sq ft frontage) with glazed shop front and electric roller shutter with part carpeted / part wooden flooring, suspended ceiling and recessed lighting with kitchen, office, WC and first floor store.
Secured rear access for loading / unloading is available via Castle Place.
| GROUND FLOOR | |
| Retail Area | c. 116 sq m (1,250 sq ft) |
| Store | c. 21 sq m (225 sq ft) |
| Kitchen | c. 10 sq m (90 sq ft) |
| WC | |
| FIRST FLOOR | |
| Store | c. 37 sq m (c. 400 sq ft) |
| TOTAL NET ACCOMMODATION | c. 193 sq m (2,075 sq ft) |
Tenant: Petal Power
Term: 5 years from 1st June 2025
Rent: Years 1 & 2 : £18,000 pa. Years 3-5: £20,000 pa
Break option: Year 3
| Price: | We are seeking offers in the region of £250,000 |
| Title: | We are advised the property is held freehold |
NAV / Capital Value
NAV: £20,300
Estimated Rates Payable: £10,602.69
Please note that all perspective purchasers should make their own enquiries to confirm the NAV / rates payable
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT
64 High Street, Newtownards, BT23 7HZ
Belfast
c. 10 miles
Bangor
c. 5 miles
Newtownards is one of Northern Ireland’s leading provincial town and is well served
by the Province’s main road network.
Accommodation Details
| GROUND FLOOR | |
| Retail Area | c. 116 sq m (1,250 sq ft) |
| Store | c. 21 sq m (225 sq ft) |
| Kitchen | c. 10 sq m (90 sq ft) |
| WC | |
| FIRST FLOOR | |
| Store | c. 37 sq m (c. 400 sq ft) |
| TOTAL NET ACCOMMODATION | c. 193 sq m (2,075 sq ft) |
Lease Details
Tenant: Petal Power
Term: 5 years from 1st June 2025
Rent: Years 1 & 2 : £18,000 pa. Years 3-5: £20,000 pa
Break option: Year 3
Sales Details
| Price: | We are seeking offers in the region of £250,000 |
| Title: | We are advised the property is held freehold |
NAV / Capital Value
NAV: £20,300
Estimated Rates Payable: £10,602.69
Please note that all perspective purchasers should make their own enquiries to confirm the NAV / rates payable
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT
64 High Street, Newtownards, BT23 7HZ
Belfast
c. 10 miles
Bangor
c. 5 miles
Newtownards is one of Northern Ireland’s leading provincial town and is well served
by the Province’s main road network.