Key Information
| Style |
Commercial Property
|
| Status |
Sold
|
INVESTMENT PROPERTY WITH TENANTS UNAFFECTED
PROPERTY SUMMARY
* Long Leasehold retail investment
* 2 No retail units - Unit 3 "Oscars" £625 pcm, Unit 4 "Oh My Dog" £540 pcm
* 2 No Residential Units - 3 bed Semi Detached - No 45d £500 pcm/ No 45c £595 pcm
TOTAL - RETAIL & RESIDENTIAL UNITS £27,000 PER ANNUM/£2,250 PER MONTH
* Offers in excess of £350,000 equating to a Net Initial Yield of 7.3% assuming purchasing costs of 6%
LOCATION
The property is located at No 45 Chruch Street in central Downpatrick and is characterised predominately retail and high denisty residential uses.
Retail unit occupiers include "O My Dog" Pet Supplies, "Oscars" Pizzeria
DESCRIPTION
The property comprises a commerical block with 2 No retail units. Each retail unit benefits from tenants own fit out, shop front & roller shutter and 2 Residential units/3 bed semi detached.
TITLE
We understand the property is LONG LEASEHOLD
ACCOMODATION (All areas are approx)
The property occupies a site of 235 sq metres with frontage to Church Street of 30 metres. The retail units have been measured on a gross internal area basis as follows:
UNIT No Area Sq Ft Area Sq M
Unit 1 3 Bed Semi 880 82
Unit 2 3 Bed Semi 880 82
Unit 3 "Oscars" Retail Unit 860 80
Unit 4 "O My Dog" Retail Unit 895 83
PROPOSAL
We are instructed to seek offers in the region of £350,000, excluding VAT, which reflects a Net Initial Yield of 7.3% assuming purchasers cost of 6%
APPOINTMENT TO VIEW
Please contact us on 02844 613983 or email info@peterfitzpatrick.co.uk
PLEASE NOTE - ALL INFO CONTAINED ABOVE IS CORRECT TO OUR KNOWLEDGE BUT SHOULD NOT BE TAKEN AS FACT AND IT IS AT THE PURCHASER'S DISCRETION TO ENSURE THEY ARE SATISFIED BEFORE PROCEEDING TO CONTRACT.
Located on Church Street, Downpatrick with ample parking to the front of the properties (Meadowlands car park).
