Sale Agreed

50 Upper Newtownards Road, Holywood Road, Belfast, BT4 1PG

Offers in the region of

£145,000

Photo 1 of 2
Retail
E 107
EPC Rating

Location of 50 Upper Newtownards Road

Upper Newtownards Road Close To Junction With Holywood Road

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  • features
  • comprises
  • description

features

  • Investment producing £11,000 p.a.
  • Potential For Residential Conversion On First & Second Floor
  • Situated On One Of Belfast's Busiest Roads

comprises

Ground Floor

KITCHEN: 7.59m x 4.8m (24' 11" x 15' 9")
Store Room 3.23m x 1.98m (10' 7" x 6' 6")

First Floor

LIVING ROOM: 4.8m x 3.45m (15' 9" x 11' 4")
KITCHEN: 4.14m x 2.82m (13' 7" x 9' 3")
SHOWER ROOM: 2.11m x 2.11m (6' 11" x 6' 11")

Second Floor

BEDROOM (1): 4.8m x 3.96m (15' 9" x 13' 0")
BEDROOM (2): 3.63m x 2.84m (11' 11" x 9' 4")

description

Extensive mid terrace commercial premises over 3 storeys occupying a prominent location on Upper Newtownards Road in close proximity to Holywood Road in East Belfast.
Trading successfully as The Red Peach Chinese Takeaway for over 20 years.
Living accommodation above with potential future flat conversion, subject to any statutory consents.
The entire property is let until 31st October 2018 at a rent of £11,000 per annum on a full repairing and insuring basis.

Tenancy Details

-Tenant
Lap Kay Chan t/a "Red Peach Chineese"

-Term
15 years from 1 November 2003

-Rent
£11,000 per annum

-Repairs & Insurance
Tenant responsible for internal and external repairs and reimbursement of the buildings insurance premium to the Landlord.
Title:
Assumed Freehold or Long Leasehold, subject to nominal Ground rent.
VAT
Not registered for VAT.
RATES INFORMATION
NAV £4,300
Rate in £ 2015/16 = £ 0.573418

Property Costs

  • Status: Sale Agreed
  • Offers in the region of£145,000

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