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Sale agreed | Retail unit |
Sale agreed £185,000

64 High Street Newtownards , BT23 7AZ

Sale agreed £185,000

Key Information

Address 64 High Street, Newtownards
Style Retail unit
Status Sale agreed
Price Asking price £185,000

Features

  • PRICE REDUCED TO £185,000.
  • FOR SALE / TO LET
  • Excellent retail unit of c. 2,085 sq ft situated in Newtownards town centre
  • c. 25 ft of frontage to High Street
  • Bright and open plan retail shop with rear office space and first store storage
  • Planning permission was granted on 9th December 2015 for change use from from exisitng shop to a coffee shop (LA06/2015/0539/F).

Additional Information

Location
Newtownards is a large town located on the Ards Peninsula in Co Down approximately 10 miles east of Belfast. According to the 2011 Census it has a population of approximately 28,000.
Within the context of Newtownards the subject property is positioned on High Street in the town centre. It is an established commercial/residential location and benefits from a high level of pedestrian footfall and vehicular traffic. Nearby traders include Nationwide, Knotts Bakery, Specsavers and Caffe Nero.

Description
The subject property consists of a modern open plan retail unit occupying a highly prominent position with excellent frontage of c.25 ft to High Street. The premises benefit from a double glazed shop front with electric roller shutter and is fitted to include part carpet and wooden flooring with suspended ceiling and recessed lighting.
To the rear of the main sales area is a store room, staff kitchen and private office. Further storage and a WC is contained on the first floor.

Accommodation
Ground floor:
Retail - 1,250 sq ft
Store – 225 sq ft
Kitchen – 110 sq ft
Offices – 95 sq ft
First Floor:
Store – 405 sq ft
WC
Total:
c. 2,085 sq ft

Price
Offers are invited in the region of £185,000

Lease details
Term – 10 Years
Rent - £28,000 per annum
Repairs - the tenant will be responsible for all repairs
Insurance - the tenant will reimburse the landlord with the cost of the building insurance

Planning Permission
Planning permission was granted on 9th December 2015 for change use from from exisitng shop to a coffee shop (LA06/2015/0539/F).

Business Rates
We have been advised by Land and property Services of the following:
Net Annual Value :- £21,100
Rates payable:- £11,333.08 per annum
We have been verbally advised of this by LPS but prospective purchasers/tenants should seek confirmation from LPS directly.

Value Added Tax
The asking price is exclusive of, but may be liable for VAT.

For Further Information / Viewing Arrangements
Michael Graham
Tel: 028 9030 8855
Mobile: 07436 796636
Email: michael@douganproperty.com

The property is located fronting High Street in Newtownards Town Centre.

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