Central Promenade, Newcastle, Down, BT33 0DJ
Asking Price
£275,000
Typical Mortgage
per monthMixed Use
Description & Features
An opportunity exists to purchase an investment/redevelopment opportunity comprising two ground floor shops and two first floor flats in a central location on Newcastle’s Central Promenade (Main Street) with fantastic views of Dundrum Bay.
Room Measurements
- The Joke Shop (1)
- Retail Area 7.50m x 3.95m, Store 2.15m x 2.00m, WC
- The Joke Shop (2)
- Retail Area 7.50m x 3.55m, Store 3.47m x 2.66m, WC
- Common Entrance Hallway
- Lobby 1.41m x 2.67m, Hallway 1.46m x 6.38m (at longest), Rear Hallway 1.10m x 2.58m (at widest)
- Flat (1)
- Entrance Hallway 3.84m x 0.93m, Living Room 4.58m x 3.95m, Kitchen 3.92m (at widest) x 2.56m, Bedroom (1) 4.02m x 2.63m, Bedroom (2) 3.29m x 2.61m, Bathroom (3) 3.0m x 2.57m
- Flat (2)
- Entrance Lobby 1.00m x 0.96m, Living Room 4.65m (into Bay) x 3.84m, Kitchen 2.37m x 1.3m, Bedroom (1) 3.27m (at widest) x 3.53m, Bathroom 2.34m x 2.6m
- A ‘right of way’ exists from the rear of the property onto Central Promenade.
- Lease Details
- Joke Shop (1) - Currently rented at £4,500 pa, Joke Shop (2) - Currently rented at £4,500 pa, (No formal leases in place), 43a Central Promenade (Flat 1) – Currently vacant – Likely rental value £4,200 pa, 43b Central Promenade (Flat 2) - Currently vacant – Likely rental value £5,400 pa
- Rating - Commercial
- Joke Shop (1) 43 Central Promenade £4,200, Joke Shop (2) 45 Central Promenade £3,950, Commercial rate in £1 for 2024/25 = 0.5805
- Rating – Residential
- 43a Central Promenade (Flat 1) £50,000, 43b Central Promenade (Flat 2) £45,000, Residential rate in £1 for 2024/25 = 0.0097
- Tenure
- We are advised by our client that the property is freehold.
- PLEASE NOTE: The property is shown shaded yellow on the plan in the slideshow and the right of way from the Point A to the rear onto Central Promenade is shaded green
- These particulars do not constitute any part of an offer or contract. None of the statements contained in these particulars are to be relied on as statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. The Vendor does not make or give and neither T.L Graham & Son nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property. Please note that we have not tested the services or systems in this property. Purchasers should make/commission their own inspections if they feel it is necessary. Photographs are reproduced for general information and it must not be inferred that any item is included for sale with the property. (NB. All measurements are approximate)
Ground
First Floor
First
External
Housing Tenure
Type of Tenure
Not Provided
Location of Central Promenade
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