O'Connor, Kennedy, Turtle

442 – 448 Newtownards Road, Belfast, County Antrim, BT4 1HJ

Ref: DUP8063NewtownardsRoad for sale
Key Features
  • Extremely Prominent Retail and Office Building
  • For Sale in its Entirety or in Two Lots

Price: see brochure

Extremely prominent retail and office building extending to c. 5,154 sq ft with short term income

Newtownards Road is one of Belfast’s primary eastern arterial routes benefitting from high volumes of passing vehicular and pedestrian traffic.

The subject occupies an extremely prominent location close to Connswater Shopping Centre and Retail Park whose occupants include Argos, B&M Bargains, Lidl, Poundworld, McDonalds and KFC.

Other occupants in close proximity include Wyse Byse, HSS Hire, Cash Converters, Santander, Boots, Mackey opticians, East Side Visitor Centre, The Arches health Centre and Holywood Arches Library.

The subject currently comprises two retail units with first floor stores / offices (442–446 & 448) and an own door first floor office suite (442a) which has potential for conversion to a residential apartment (subject to planning).

442–446 is currently trading as a clothing store and is well fitted to include glazed c. 42 ft shop front, carpeted floors, strip fluorescent lighting and electric heating.

442a is currently fitted to include painted / plastered walls, double glazed windows, carpeted floors, strip florescent lighting and electric heating with air conditioning in two of the offices.

448 was most recently utilised as a beauty salon and is fitted to include glazed shop front, part tiled / vinyl flooring, painted / plastered walls and electric heating.

The area has been revitalised by the recent £2,500,000 development of CS Lewis Square to the rear of the building, a public space commemorating the Belfast born Chronicles of Narnia creator, CS Lewis and featuring seven bronze sculptures from ‘The Lion, the Witch and the Wardrobe’. It is a stunning display of public art located at the intersection of the Connswater and Comber Greenway with the large square able to accommodate c. 2,000 people at public events.

The enclosed yard to the rear has potential to be utilised as car parking with access via Manderson Street. (See Photo)

Accommodation

See brochure for accommodation details.

Lease Details

442–446 Newtownards Road is currently let to Belmont Menswear on a 9 month licence from 1 June 2017 (expiring 28 February 2018) at a rental equating to £15,600 per annum.

Sales Details

Offers invited in the region of £315,000 for the entirety or £240,000 for LOT 1 and £75,000 for LOT 2.

NAV / Capital Value

We are advised by the Land and Property Service that the current NAV for the subject is as follows:

442–446 £21,000
442a £5,100
448 £5,650

The commercial rate in the pound for 2017 / 2018 is £0.592681.

VAT

All prices, outgoings etc are exclusive of, but may be subject to VAT.


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