For Sale

4 Bow Street, Lisburn , BT28 1BN

Offers Over

£325,000

Calculate Mortgage Now
11.jpg
1.jpg
10.jpg
4 Bow Street - google maps.jpg
EPC 4 Bow Street.jpg
Map.jpg
Photo 1 of 6
Added 2 Weeks Ago
Investment

Location of 4 Bow Street

map

My Important Places

No important places

Add important places to see how far they are from this property.

  • description

description

FOR SALE

RETAIL INVESTMENT OPPORTUNITY  

(BUSINESS UNAFFECTED)

4 BOW STREET

LISBURN

BT28 1BN

SUMMARY

• Property investment opportunity situated in the heart of Lisburn City Centre

• Let to Hays Travel Ltd on a 10 year lease from 20 December 2019 at a current annual rent of £26,700pax rising to £29,000pax in December 2022.

• Hays Travel is the largest independent travel retailer in the UK operating for 40 years.

 

LOCATION

• Lisburn is strategically located on the Belfast – Dublin corridor and accordingly is well served by major road (M1) and rail networks.

• Bow Street is recognised as the City’s prime retailing pitch; it is a pedestrianised street linking Market Square and Bow Street Mall.

• Nearby occupiers on Bow Street include Tesco Express, Boots, Specsavers, Holland & Barrett and B&M.

 

DESCRIPTION

The property comprises a mid terraced 2 storey building benefitting from a frontage to Bow Street of c19 ft (5.8m). The ground floor is used for sales purposes whilst the first floor provides ancillary storage and staff accommodation.

 

ACCOMMODATION

Ground Floor 1091 sq ft 101.35 sq m

First Floor 230 sq ft 21.37 sq m

 

TENANCY INFORMATION

• The property is let in its entirety to Hays Travel Ltd on a 10 year lease from 20 December 2019 at £26,700pax rising to £29,000pax on 20 December 2022.

• The lease is subject to an upward rent review and tenant break

option at 20 December 2024.

• Repair – Tenant responsible for internal repair. Landlord responsible for repairing, maintaining, and decorating the structure, foundations and exterior of the property.

A copy of the lease is available upon request.

 

RATING INFORMATION

We are advised by Land and Property Services of the following

information:-

NAV - £14,000. Rate poundage Lisburn & Castlereagh 2021/22 -

£0.505616. Rates payable - £7,078.62.

 

SALES DETAILS

Title – Freehold or long leasehold subject to a nominal ground rent.

Price – Offers over £325,000

At £325,000 the net initial yield is 7.95% with a reversionary yield of

8.64% in December 2022; assuming purchaser’s costs of 3.27%.

 

VAT

We are advised the property is not registered for VAT.

 

VIEWING

Strictly by appointment through Campbell Cairns.

Please contact:-

Jeremy Cairns - jeremy@campbellcairns.com or Mobile 07803 722 899

Emily Law - emily@campbellcairns.com or Mobile 07703 809 256

Property Costs

  • Status: For Sale
  • Offers Over£325,000
  • 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.

Downloads

Mortgage Calculator

10%
years
%
£1,396.44 per month

This calculation is for information purposes only, and should not be taken as a direct indicator of your mortgage repayments or all the data you need to choose a mortgage.

Similar Properties

Contact Agent

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Campbell Cairns
3rd Floor

Other costs to budget for

wilson nesbitt logo
Wilson Nesbitt Solicitors

Get a free property legal expenses quotation