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For Sale

98-100 High Street, Holywood, BT18 9HW

Commercial Property

Location of 98-100 High Street

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features

  • Occupying a prominent position on High Street, Holywood, one of Greater Belfast's most sought after retail destinations.
  • Extending to approximately 2,697 sqft (250.51 sqm).
  • Fully let at a rent of £30,000 pax, increasing to £32,500 pax in November 2018 and £35,000 paxin November 2020.

description

Location

Holywood is an attractive commuter town situated approx. 6 miles east of Belfast with a resident population of c. 12,000 people and an extensive affluent catchment population.



With a strong mix of both national and local niche retailers and boutiques, neighbouring occupiers include Progressive, Subway, Coffee Yard, Solo Hair & Centra.



The property is located in a prime position in the town and benefits from a high volume of passing footfall and vehicular traffic.



Description

The property comprises a single storey premises of brick/blockwork construction with marble effect tile cladding and glazed shopfront to the front elevation and a part pitched/part flat roof.



Internally it is arranged to provide modern retail accommodation, café counter & seating area, ancillary prep room and store, office and wcs. Finishes include plastered & painted/feature walls, solid floors with laminate covering, suspended ceilings with LED strip & spot lighting and air-conditioning.



Tenancy Details

Let on a Full Repairing & Insuring basis to NI Approach Ltd t/a Ferguson Flowers for a term of 10 years from 27th November 2017, subject to a 5 yearly upwards only rent review.



There is also a tenant only break option on the 26th November 2022.



The rent is stepped over the first five years of the term as follows:

Year 1: £30,000 pa exclusive.

Years 2 & 3: £32,500 pa exclusive.

Years 4 & 5: £35,000 pa exclusive.





Property Costs

  • Status: For Sale
  • From£450,000
  • Stamp Duty: £0*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer here for more information.

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Contact Agent

Cushman & Wakefield
5 Oxford Street

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