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Sale Agreed

137/139 Longstone Street & 1A/1B Warren Gardens, Lisburn, BT28 1ET

Asking Price

£200,000

Retail
F 126
EPC Rating

Location of 137/139 Longstone Street & 1A/1B Warren Gardens

Travelling from Lisburn along Longstone Street, the property is on the left at the corner by Warren Gardens.

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features

  • Excellent income producing investment opportunity
  • Ground floor units consisting of butcher and Chinese takeaway
  • First floor units consisting of hairdresser and tattoo artist
  • Fully let and generating a gross income of £18,650 per annum

comprises

Sales Area:
25.5 sqm / 275 sqft
Prep:
14.6 sqm / 157 sqft
Store (corrugated roof)
16.5 sqm / 177 sqft
W.C
Sales Area:
25.3 sqm / 272 sqft
Prep:
10.9 sqm / 117 sqft
Store:
29.7 sqm / 320 sqft
Store:
4.2 sqm / 45 sqft
W.C
Sales Area:
29.5 sqm / 318 sqft
Teapoint:
2.7 sqm / 29 sqft
W.C
Sales Area:
27.6 sqm / 297 sqft
Teapoint:
7.1 sqm / 77 sqft
W.C

description

McQuoids are delighted to offer this investment opportunity to acquire four income generating properties located in Lisburn. All properties are currently let with a total rental income of £18,650 per annum.
137 Longstone Street - Butcher

Size: 56.6 sqm / 610 sqft

Rent: £5,750 per annum

Lease: Holding over

NAV: £5,200


139 Longstone Street - Chinese takeaway

Size: 70 sqm / 755 sqft

Rent: £6,240 per annum

Lease: Holding over (new 10 yr lease, with upward only rent reviews at 3 yr intervals, verbally agreed at £7,500 per annum)

NAV: £4,950


1a Warren Gardens - Hairdresser

Size: 32.2 sqm / 347 sqft

Rent: £3,060 per annum

Lease: Holding over

NAV: £1,450


1b Warren Gardens - tattoo artist

Size: 34.8 sqm / 374 sqft

Rent: £3,600 per annum

Lease: 5 year lease expires 30th April 2022

NAV: £1,550


Total rental income: £18,650 per annum (£19,910 once new lease agreed for 139 Longstone Street)

Tenants are responsible for payment of rates.

Viewing strictly by appointment through McQuoids. EPC reports available on request.

Property Costs

  • Status: Sale Agreed
  • Asking Price£200,000

Similar Properties

Offers in the region of

£175,000

Offers Around

£175,000

Offers Around

£175,000

Contact Agent

McQuoids
432-434 Ormeau Road

Other costs to budget for

Wilson Nesbitt Solicitors

Get a free property legal expenses quotation