Former petrol filling station site with the former retail unit, canopy and tanks remaining.
The site is located at the corner of Upper Newtownards Road and Reaville Park, opposite Knock Golf Club and close to Stomont Estate.
The surrounding area is a mixture of residential, leisure and office accommodation.
The property is let to Auto Spas Car Wash Limited who are overholding on a 3 year lease from 1 February 2014 paying an annual rent of £15,000 per annum plus VAT.
The premises are held by way of a 900 year lease from 1 November 1925 subject to an annual ground rent of £14.50.
The property will be sold with a restriction prohibiting its use as a convenience store or for the sale of fuel.
Planning permission was granted on 20 July 2010 for a temporary car wash facility on the site. [Y/2010/0170/F]
Planning permission was granted on 10 January 2013 for a 3 storey residential development comprising 11 apartments and associated site works, car parking and access. [Y/2011/0127/F]