Holywood is an affluent commuter town on the shores of Belfast Lough in Co. Down, approximately 5 miles north east of Belfast and 8 miles west of Bangor. It was recently voted the best place to live in Northern Ireland in 2021 (The Sunday Times Best Places to Live 2021).
Holywood benefits from a high level of accessibility given its location off the main Belfast to Bangor A2 dual carriageway and direct railway lines. The area is a renowned residential location with a variety of commercial occupiers including Tesco Express, Kingsbridge Clinic and Boots Pharmacy. This property is located in a prominent position on High Street close to its junction with Church Road/Shore Road, in the heart of the Holywood town Centre.
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Prominent Multi-Let Investment Opportunity
Prime location within Holywood town centre
The building comprises a symmetrical 2½ storey, period building, with integral coachway and basement level.
The property has been converted for commercial use, retaining many of its period features but split into a number of self-contained rooms comprising a range of fitouts and currently occupied by a mix of users.
The property would be suitable for a wide variety of uses subject to necessary planning / statutory consents and approvals. Individual parties are advised to make their own enquiries directly with the local Planning office.
Tenancy The property is occupied by 6 no. local tenants each on an informal basis, with no leases in place. The total annual rental income is currently £21,360, paid monthly. There are 3 vacant units with an estimated rental value of £6,000 per annum, giving a total estimated rental of £27,360 per annum. Further details available on request.
Title We understand that the property is held by way of Freehold Title.
Sale Details We have been instructed to seek offers in the region of £275,000 exclusive.
VAT All prices, rentals and outgoings are quoted exclusive of VAT.
Planning The property is positioned within the Development Limit under the extant Belfast Urban Area Plan 2001. It is also within Map No. 04/002 of the draft Belfast Metropolitan Area Plan 2015 (dBMAP), zoned within the Primary Retail Core of Holywood.
EPC - D81
Status: For Sale
Offers in the region of: £275,000
Rates: Not Provided
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.