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For Sale

58-60 Bow Street & 1 Bow Lane, Lisburn, Antrim, BT28 1BN

Offers Around

£740,000

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Added 2 Weeks Ago
Investment

Location of 58-60 Bow Street & 1 Bow Lane

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features

  • The property is situated very close to and on the same side of the road as the pedestrian entrance to Bow Street Mall.
  • Nearby occupiers include Greggs Bakery, Gordons Chemist, Carphone Warehouse, Danske Bank and Trespass.
  • A purchase at the asking price would represent a Net Initial Yield of 5.82%, which would increase to 9.02% once tenants are found for the vacant unit, assuming a rent of £25,000 per annum.
  • Of the three existing leases, the next opportunity any of the tenants would have to terminate their lease is November 2022.
  • 58 Bow Street EPC Rating - TBC
  • 60 Bow Street EPC Rating - TBC
  • 1st Floor, 58-60 Bow Street EPC Rating - E108
  • 1 Bow Lane EPC Rating - C66

description

Prime City Centre Investment, comprising of four separate units, situated in the centre of Lisburn, close to the junction where Bow Street meets Market Place.

Three of the four units are occupied, currently generating an income of £45,400 per annum.  Once the vacant property is let, which has an estimated rent of £25,000 per annum, this would increase considerably, to £70,400 per annum.

Property Costs

  • Status: For Sale
  • Offers Around£740,000
  • 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

Frazer Kidd
Telfair House

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