13 Antrim Street, Modern Units Within Bow Lane, Lisburn, Antrim, BT28 1BN
For Sale Offers Over £600,000 Convert to EUR
|Property Type:||Investment||Price:||Offers Over £600,000 Convert to EUR|
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Features of this property
- Excellent commercial investment opportunity situated within Lisburn"s commercial core and strategically positioned between Bow Street Mall and the pedestrianised stretch of Bow Street
- Producing a gross rental income of £74,600 per annum exclusive
- The property extends to approximately 12,634 sq ft (1,173.74 sq m)
- Dedicated car parking for approximately 14 vehicles
The subject is a commercial investment opportunity with premises at 13 Antrim Street (over ground and first floor) which extends through to a modern commercial block at the rear, on Bow Lane. This block benefits from having a dedicated private car park with approximately 14 spaces.
13 Antrim Street is now vacant but was formerly occupied by a Homecare / Garden centre business. This unit provides a reasonably large sales area together with an area created to house the business’s café. At first floor level and accessed from within the vacant unit, the space includes offices, stores, toilets and staff facilities. In addition to the above premises, there is a separate first floor suite accessed directly from Antrim Street which is currently leased to a physiotherapy practice.
The recently constructed commercial scheme within Bow Lane is modern and offers business space over ground and first floor levels. Currently, the commercial units are fully let. To the front of this scheme – within Bow Lane itself – is a generous car park which is available to the tenants and their customers. Internally the units are finished to the specific styles of the occupiers.
We are instructed to seek offers over £600,000 (six hundred thousand pounds) exclusive.
A purchase at this level reflects a net initial yield of 11.84% assuming purchaser’s costs of 5.05% and a capital value rate of £47.49 per sq ft.
Location of 13 Antrim Street, Lisburn
Lisburn is one of 5 cities in Northern Ireland and the 3rd largest in the Province where the urban area has a resident population of just over 120,000 persons (NISRA 2013). Lisburn has excellent transport connections, being located at Junction 6 of the M1 motorway approximately 9 miles (14.48 km) south west of Belfast and 31 miles (49.89 km) north east of Newry. The City is serviced by excellent road, rail and public transport links to Belfast, Dublin and all major hubs within Northern Ireland and Belfast International Airport is located some 16 miles to the north. The subject property is located just off Bow Street, where neighbouring retailers include Iceland, Danske Bank, Gordons Chemist and Trespass as well at Bow Street Mall.
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