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Sale Agreed

43 High Street, 38 Strand Avenue, Holywood, Down, BT18 9AB

Guide Price

£325,000

Investment

Location of 43 High Street

LOCATION The premises are located on High Street, the main road running through Holywood to the north of the Maypole. Holywood is a popular North Down coastal town, located approximately 5 miles from Belfast with good access on to the Sydenham By-Pass both to Belfast city centre and onto the M1 and M2 motorways. Belfast City Airport is approximately one mile from the subject property and nearby occupiers includes Tesco Express, Mountain Trail and Corries Butchers.

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features

  • Prominent investment & development opportunity
  • Accommodation extends to c.3,057 sq ft
  • Let to Walker Communications until 30th November 2023 (subject to breaks)
  • Rental income of £39,360 p.a.
  • Prime location in the centre of Holywood
  • Planning Permission Approved for 8 no. apartments (W/2013/0291/F - approved 08/05/14)
  • Guide Price £325,000 exclusive

description

DESCRIPTION

The subject comprises two buildings: No. 43 High Street is arranged over three floors to include a large reception area, break out areas and a range of private and
open plan offices as well as boardroom, kitchen, W.Cs and storage space. No. 38 Strand Avenue is a single storey property comprising a reception area, open plan
offices, meeting rooms, W.Cs and storage space.


Each building is finished to a good standard throughout with a combination of carpeted / wood laminate and tiled floors, smooth plastered and painted walls, and car parking to the rear.


The subject property benefits from planning permission to build 8 no. residential apartments with associated car parking to the rear.

 

TENANCIES


The subject property is currently occupied by Walker Communications on 2 no. leases from 1st December 2013 for a term of 10 years. Tenant has break options 3 yearly. Current passing rent £39,360 per annum.

 

ACCOMMODATION (All areas are approximate)


Ground Floor        1,228 Sq ft

First Floor            448 Sq ft

Second Floor        378 Sq ft 

38 Strand Avenue 1,003 Sq ft


Total                    3,057 Sq ft 

 

PLANNING


Planning permission has been approved for the development of 8 no. apartments under Ref: W/2013/0291/F - approved 08/05/14.
A copy of the plans are available upon request.


RATEABLE VALUE

43 High Street      - NAV: £15,300 Estimated Rates Payable (18/19)  £8,528 p.a.

38 Strand Avenue - NAV: £15,350 Estimated Rates Payable (18/19)   £8,556 p.a.

 

PRICE


We are seeking offers in the region of £325,000 exclusive.


VAT


All prices are quoted exclusive of VAT, which may be payable.

 

Energy Performance Certificates


B50 & E125.
A copy of the EPCs are available upon request.

 

Riddell McKibbin Limited for themselves and for the Vendors or Lessors of the property whose agents they are give notice that; i) these particulars are given without responsibility of Riddell McKibbin Limited or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; ii) Riddell McKibbin Limited cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; iii) no employee of Riddell McKibbin Limited has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; iv) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; v) Riddell McKibbin Limited will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.

Property Costs

  • Status: Sale Agreed
  • Guide Price£325,000

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Riddell McKibbin
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