47/47a James Street, Cookstown, Tyrone, BT80 8AE

For Sale Offers Around £675,000

http://www.propertynews.com/49qdp

Key Information for this property

Property Type:	Office	Price:	Offers Around£675,000
Bedrooms:	-	Offer Status:	For Sale
Receptions:	-	EPC Rating:	-

Contact the Agent

Frazer, Kidd & Partners

028 90 233111

Visit the Frazer, Kidd & Partners website
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Features of this property

Superb retail/office property in a vibrant trading location
The property is currently fully let to two tenants producing a total
income of Â£53,220 per annum.
89% of the total income is fromBoots UK Ltd under lease until 30th April 2025
Â£675,000 providing for a net initial yield of 7.5%

Property Description

DESCRIPTION

The property comprises of a ground floor pharmacy, with storage at part first floor and upper floo solicitors offices over part first and second floor. The upper floor offices are self contained and accessed via their own dedicated entrance.

Internally the tenants have maintained their premises to a high standard with Boots having carried out a substantial fitout to their usual specification.

TENANT INFORMATION

BOOTS UK LIMITED

Boots is one of the UK's best known retailers trading from almost 2,500 stores throughout the UK. As per their most recent accounts lodged up to 31st March 2010, Boots UK Limited had a turnover in excess of £6.3 billion and a net profit of £235 million. Boots UK is a member of Alliance Boots, an international pharmacy led health and beauty group.

MAIREAD FERRIS

Mairead Ferris, trading as Mairead Ferris and Company Solicitors, holds the lease of the premises in her own name. Mairead has worked as a solicitor in Cookstown in excess of eight years.

Location of 47/47a James Street, Cookstown

Cookstown lies in the heart of mid Ulster, approximately 50 miles from Belfast, 50 miles from Enniskillen and 10 miles from Dungannon. As at the 2001 Census the area had a population of approximately 11,000 people. Cookstown confidently bills itself as the â€˜Retail Capital of Mid Ulsterâ€™. The Town enjoys a prime location in the centre of Northern Ireland making it easily accessible via the M1. The Property is prominently situated along James Street, Cookstownâ€™s main retailing destination. The property benefits from a high level of pedestrian footfall and passing vehicular flow. Occupiers in close proximity to the subject unit include Superdrug, Oxfam, Poundland, Maskey Opticians, O2 and Bank of Ireland.

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