For Sale

1,3,5, & 7 Church Road & 975 & 977 Upper Newtownards Road, Dundonald, Belfast, BT16

Offers Over

£400,000

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Added 2 Weeks Ago
Investment

Location of 1,3,5, & 7 Church Road & 975 & 977 Upper Newtownards Road

THE 6 UNITS ARE SIUATED ON A PROMINENT CORNER OF UPPER NEWTOWNARDS ROAD AND CHURCH ROAD IN DUNDONALD VILLAGE IN CLOSE PROXIMITY TO THE ULSTER HOSPITAL.

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  • features
  • description

features

  • FULLY LET COMMERCIAL INVESTMENT PROPERTY
  • SIX RETAIL UNITS IN PROMINENT PARADE IN DUNDONALD VILLAGE
  • PRESENT GROSS INCOME OF £37,000 PER ANNUM
  • OFFERS OVER £400K REPRESENTING AN INITIAL 9.25% YIELD PRIOR TO PURCHASER'S COSTS

description

FULLY LET COMMERCIAL INVESTMENT PROPERTY IN THE HEART OF DUNDONALD VILLAGE CONSISTING OF 6 RETAIL UNITS AND SHARED REAR YARD.
CURRENTLY PRODUCING £37,000 PER ANNUM WE ARE OFFERING THIS INVESTMENT TO MARKET AT £400,000 WHICH REPRESENTS 9.25% INITIAL RATE OF RETURN BASED ON GROSS RENTS AND PRIOR TO PURCHASER'S COSTS.
THIS IS THE OPPORTUNITY TO INCREASE INCOME IN THE SHORT TERM AT LEASE RENEWAL.
UNITUseRENT p.a.End of LeaseStatus
1 Church RoadEstate Agent£8,50030th November 2024
3 Church RoadBarber£6,00030th June 2024
5 Church RoadHot Food£6,0007th March 2024
7 Church RoadHairdresser£5,00030th October 2018Holding Over
975 UNRHairdresser£6,50031st January 2025
977 UNRInterior Design £5,00028th February 2022Holding Over
Total £37,000

Property Costs

  • Status: For Sale
  • Offers Over£400,000
  • Stamp Duty: £0*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.

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