O'Connor, Kennedy, Turtle

Former Banking Hall extending to c. 4,611 sq ft (428 sq m)

The subject property comprises a prominent position on Greencastle Street within Kilkeel town centre.

The subject comprises a 2½ storey Edwardian style Grade B2 listed building within the main commercial area of Kilkeel on a site of c. 0.37 acres which includes a private rear car park for c. 22 cars.

The accommodation comprises the former banking hall, customer areas, interview rooms, offices, kitchen and WC with the separately accessed first floor comprising offices and WCs.

The property is well fitted throughout with finishes including carpeted flooring painted / plastered walls, part suspended ceilings with recessed spot / strip fluorescent lighting and it has both air conditioning and oil fired heating.
To the rear of the building is a car park area which is accessed via a shared lane from Greencastle Street.

Suitable for a wide variety of uses to include retail / office / residential, subject to any necessary planning consents.

Accommodation

GROUND FLOOR: c. 244 sq m (2,630 sq ft)
FIRST FLOOR: c. 132 sq m (1,419 sq ft)
SECOND FLOOR: c. 52 sq m (562 sq ft)

Total G.I.A.: c. 428 sq m (4,611 sq ft)

Site & Proposed Development

The subject extends to c. 0.37 acres

Lease Details

The first floor is held under an effective FRI lease for a period of 5 years from 1 January 2020 at a rental of £6,500 per annum (exclusive).

Sales Details

PRICE: We are seeking offers in the region of £200,000.
TITLE: The property is held by way of freehold title.

NAV / Capital Value

We are advised by the Land and Property Service that the Nav for the subject property is £15,300. The commercial rate in the pound for 2021/2022 is £0.518970.

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