For Sale

58-60 Bow Street & 1 Bow Lane, Lisburn, Antrim, BT28 1BN

Offers in the region of

£550,000

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Investment

Location of 58-60 Bow Street & 1 Bow Lane

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features

  • The property is situated very close to and on the same side of the road as the pedestrian entrance to Bow Street Mall.
  • Nearby occupiers include Greggs Bakery, Gordons Chemist, Carphone Warehouse, Danske Bank and Trespass.
  • Of the three leases, the next opportunity any of the tenants would have to terminate their lease is in November 2022.

description

Prime City Centre Investment, comprising of four separate commercial units, with three being occupied and one being vacant, situated in the centre of Lisburn, close to the junction where Bow Street meets Market Place.

The property comprises of two retail units which front onto Bow Street a first floor premises also accessed from Bow Street and a separate shop, accessed via Bow Lane.

The property generates an income of £45,400 per annum and this should increase to £67,900 per annum once the vacant unit is let.

A purchase at the asking price would represent a Net Initial Yield of 6.64%, after purchaser's costs and Stamp Duty are taken into account however once the vacant unit is let this yield should increase to 9.94%. 

Property Costs

  • Status: For Sale
  • Offers in the region of£550,000
  • 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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Frazer Kidd
Telfair House

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