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Sale Agreed

11-21 Market Street, Bangor, Down, BT20 4SP

Offers Over

£250,000

Investment
C 73
EPC Rating

Location of 11-21 Market Street

Bangor is a large town in the north east of County Down with a population of approximately 60,000 and a catchment area of 200,000 (2011 census). Situated approximately 14 miles east of Belfast the town serves as a popular commuter hub to Belfast, and is a well established retail and leisure destination.

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features

  • Prominent partially let commercial investment
  • 15-21 Market Street let to Precise Protect Limited

description

The property comprises three separate units. 11 Market Street is a ground floor retail unit of 417 sq ft including storage area, WC facilities and electric roller shutter.  13 Market Street is a ground floor retail unit of approximately 478 sq ft including kitchenette, store, WC facilities and electric roller shutter. Both retail units are currently vacant.  

Units 15-21 comprises ground and first floor accommodation and are finished to an excellent specification to include carpeted floors, plaster painted walls, suspended ceiling with LED panel lighting.

Unit 15-21 Market Street - Tenant: Precise Protect Limited

10 year lease from 15th November 2017.

Tenant break option 14th November 2022, rent review in 5th year.

Rent commencement date 15th February 2018.

15th February 2018 - 14th November 2018: £20,000 p.a.
15th November 2018 - 14th November 2019: £21,000 p.a.
15th November 2019 - 14th November 2020: £22,000 p,a
15th November 2020 - 14th November 2021: £23,000 p.a.
15th November 2021 - 14th November 2022: £25,000 p.a.

Precise Protect has over 20 years experience in the industry and works with the largest and most reputable insurers in the market. (Source:www.preciseprotect.co.uk)

Tenant responsible for rates payment.

EPC - C73 / C58

11 Market St (Ground floor) - 417 square feet
13 Market St (Ground floor) - 478 square feet
15-21 Market St (Ground floor) - 886 square feet
15-21 Market St (First floor) - 2,000 square feet
Total Area - 3,781 square feet

Property Costs

  • Status: Sale Agreed
  • Offers Over£250,000

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Wilson Nesbitt Solicitors

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