For sale
Added 1 day ago
Bow House, 61-73 Bow Street, Lisburn, BT28 1BJ
Investment Property
Offers Over £2,250,000
Property Overview
Status
For Sale
Style
Investment Property
Marketed by OKT (Belfast Office)
+44 28 9024 8181
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Additional Information
Commercial Investment Opportunity
Key Benefits
Lisburn is located 9 miles south west of Belfast and benefits from a catchment population in excess of 227,000 people.
Lisburn has excellent road communications via the M1 motorway network and junctions 6 and 7.
The subject property is located within the city centre on Bow Street, the prime retail pitch in Lisburn.
The property comprises a 3 storey building, arranged to provide 5no. ground floor retail units and upper floor office accommodation.
Let to occupiers including; The Department of Finance, Iceland Foods, O2, Vodafone and Card Factory.
Currently providing a gross rent of £298,000 per annum and a net rent of £285,861 per annum.
The scheme extends to 36,591 sq ft.
The investment provides a WAULT of 2.08 years term certain and 3.25 years to lease expiry.
We understand the property is held freehold.
We are instructed to seek offers in excess of £2,250,000 (Two Million and Two Hundred and Fifty Thousand Pounds Sterling) for our clients freehold interest excluding VAT. A purchase at this level would reflect an attractive net initial
yield of 13.32% (assuming purchasers cost of 6.33%).
Key Benefits
Lisburn is located 9 miles south west of Belfast and benefits from a catchment population in excess of 227,000 people.
Lisburn has excellent road communications via the M1 motorway network and junctions 6 and 7.
The subject property is located within the city centre on Bow Street, the prime retail pitch in Lisburn.
The property comprises a 3 storey building, arranged to provide 5no. ground floor retail units and upper floor office accommodation.
Let to occupiers including; The Department of Finance, Iceland Foods, O2, Vodafone and Card Factory.
Currently providing a gross rent of £298,000 per annum and a net rent of £285,861 per annum.
The scheme extends to 36,591 sq ft.
The investment provides a WAULT of 2.08 years term certain and 3.25 years to lease expiry.
We understand the property is held freehold.
We are instructed to seek offers in excess of £2,250,000 (Two Million and Two Hundred and Fifty Thousand Pounds Sterling) for our clients freehold interest excluding VAT. A purchase at this level would reflect an attractive net initial
yield of 13.32% (assuming purchasers cost of 6.33%).
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Agent Accreditations
Marketed by OKT (Belfast Office)
+44 28 9024 8181
