FOR SALE

RETAIL INVESTMENT AND RESIDENTIAL DEVELOPMENT OPPORTUNITY

MOAT HOUSE, 963-969 UPPER NEWTOWNARDS RD, DUNDONALD

 

LOCATION

Prominent Location on the main Upper Newtownards Road in the heart of the densely populated Dundonald village, close to the junction with Church Road. The Ulster Hospital, an ASDA Supermarket and a McDonalds Drive Thru are all located nearby. The property is located approximately 6 miles east of Belfast City Centre and 4 miles from Newtownards Town Centre

 

DESCRIPTION

Modern 2 Storey building with 3no Retail units at ground floor, producing £66,000pa. The 4th retail unit and the first floor, are in shell condition but benefit from planning permission for 2 no 1 bed apartments at ground floor and 5 no 2 bed apartments at first floor. (Ref: Y/2015/0008/F, LA05/2020/0020/NMC, LA05/2020/0753/F). Conversion works on the first floor have commenced, with stud walls erected outlining the 5 apartments.

 

ACCOMMODATION

The following approximate areas have been calculated:

Description

Ground Floor

Retail Unit 1 (Medicare) 2,078 sq ft 193.05 sq m

Retail Unit 2 (G & S Hair) 883 sq ft 82.04 sq m

Retail Unit 3 (Bupa Dental Care) 1621 sq ft 150.5 sq m

Apartment 7 (Studio) 440 sq ft 40.87 sq m

Apartment 6 (Studio) 398 sq ft 36.97 sq m

 

First Floor

Apartment 5 889 sq ft 82.58 sq m

Apartment 4 821 sq ft 76.27 sq m

Apartment 3 845 sq ft 78.50 sq m

Apartment 2 890 sq ft 83.80 sq m

Apartment 1 806 sq ft 74.88 sq m

 

TENANCY SCHEDULE

1 A & FA Dundee Medicare 25 years 30/4/2007 29/04/2032 £38,000 pa

2 Patton & Collins G&S Hair 3 years 1/10/2022 30/09/2025 £8,000 pa

3 Oasis Dental Care Ltd Bupa Dental Care 15 years 06/09/2010 05/09/2025 £20,000 pa

Total £66,000 pa

 

NAV

We have been advised by Land & Property Services of the below NAV’s :

Unit 1 £21,100

Unit 2 £9,600

Unit 3 £18,000

Rate Poundage 2023/2024 £0.526146

 

EPC’s

No 963: 106E/56C

No 963A: 66C

No 965: 78D

No 967: 65C

 

SALES DETAILS

Offers over £985,000

 

TITLE

Freehold or long leasehold subject to a nominal ground rent.

 

VAT

Prices, outgoings and rent do not include VAT which may be chargeable.

 

VIEWING

Strictly by appointment through Campbell Cairns (Tel: 028 9024 9024).