50-52 Castle Street, Comber, BT23 5DZ

Offers Around

£175,000

Typical Mortgage

per month

Commercial Property

Contact Agent

Tim Martin & Co

Description & Features

An excellent opportunity to acquire this mixed-use investment portfolio situated in the heart of Comber village, amongst a mix of new and well established businesses. Nearby businesses include the Post Office, Trait Coffee shop, Indie Fude, Hardy’s Hardware and General Store and SuperValu, whilst many residential developments are also located close by.

The properties comprise of two retail units and a residential apartment, all of which are currently rented out and generating a rental income of £13,950 per annum.

Comber had a population of 9,071 people in the 2011 Census and is situated approximately 4 miles from Newtownards at the Northern end of Strangford Lough and approximately 8 miles from the edge of Belfast city centre. The village is thriving with a host of amenities to include local boutiques, coffee shops, pubs, restaurants, churches, and an excellent choice of primary and secondary schools, not forgetting the local farmer’s market.

Excellent Mixed Use Investment Opportunity
Comprising Of 2 Retail Units And 1 Residential Apartment - Currently All Rented Out
Generating A Rental Income Of £13,950 Per Annum
Situated In The Heart Of Comber Village Amongst New And Well Established Businesses
Nearby Traders Include Post Office, Trait Coffee Shop, Indie Fude, Hardy’s Hardware And General Store And SuperValu
Newtownards (4 Miles) Killinchy (7 Miles) Dundonald (4 Miles) Belfast (8 Miles)

Room Measurements

50 CASTLE STREET, COMBER
Entrance: Glazed entrance door with side display windows.
Seating Area: 213 Sqft approx; tiled floor.
Serving / Prep area: 416 Sqft approx; tiled floor.
Kitchen: 293 Sqft, tiled floor approx; separate wc with low flush and wall mounted wash hand basin.
Store: 63 Sqft approx; tiled floor.
Total Area: 985 Sqft approx.
52 CASTLE STREET, COMBER
Retail Area: 208 Sqft approx; upvc entrance door; fluorescent lighting; telephone connection point.
Rear Retail: 94 Sqft approx; fluorescent lighting.
Kitchen: 49 Sqft approx; single drainer stainless steel sink unit with mixer tap; Heatrae and Sadia hot water tank; cupboard under; separate wc with low flush wc; wall mounted wash hand basin with mixer tap; extractor fan; pvc door to yard area.
Total Area: 351 Sqft approx.
50a CASTLE STREET
Entrance Porch: Glazed upvc entrance door; glazed door to:-
Entrance Hall: Stairs to first floor.
Lounge 5.05m x 3.38m (16' 7" x 11' 1"): Cornice ceiling; telephone connection point.
Kitchen 3.38m x 2.49m (11' 1" x 8' 2"): Good range of high and low level cupboards incorporating single drainer stainless steel sink unit with mixer tap; space for electric cooker; space and plumbing for washing machine; space for fridge freezer; formica worktops; tiled walls.
Bedroom 1 2.79m x 2.74m (9' 2" x 9' 0")
Bathroom 2.74m x 2.41m (9' 0" x 7' 11"): White suite comprising panelled bath with mixer tap; Triton Enrich shower with wall mounted telephone shower attachment; pedestal wash hand basin with mixer tap; low flush wc; hotpress with copper cylinder; part pvc wall panelling; vinyl floor; extractor fan.
Stairs To Second Floor
Store 5.08m x 2.92m (16' 8" x 9' 7")
Store 1.98m x 1.93m (6' 6" x 6' 4")
LEASE DETAILS
50 Castle Street: Currently rented to Cousins Home Catering Ltd for a period of 2 years commencing 3 February 2023 at an annual rent of £8000.00 per annum.
50a Castle Street: Currently tenanted at a rent of £250 per calendar month until 30 April 2024.
52 Castle Street: Currently rented to Home Start, Ards Comber and Peninsula Area for a period of 3 years commencing 1 August 2015 at an annual rent of £2950.00 per annum. The lease is currently operating on a 'holding over' basis.
RATES
50 Castle Street: Total Nav : £4,600.00 Rates Payable : £2,492.00 per annum
50A Castle Street: Capital Value : £80,000 Rates Payable : £696.96 per annum
52 Castle Street: Rates Payable : T.B.C (currently exempt as property rented out to a charity)
NOTE: Please note : All prospective tenants should make their own enquiries to confirm the NAV/rates payable.