PRIME TOWN CENTRE COMMERCIAL PROPERTY WITH EXCELLENT RETAIL AND OFFICE OPPORTUNITIES
This substantial property occupies a prominent location on Main Street, which forms the established retailing provision for the town centre. The three storey mid terrace building is of traditional construction and is finished to impressive standard, having been refurbished in recent years. Extending to over 3700 square feet, the property offers excellent retail accommodation on the ground floor, with additional retail or office accommodation available on the first floor, and storage to the second floor.
Newcastle is a premier seaside town of Northern Ireland, with buoyant tourism and leisure industries. The town is located about 30 miles from Belfast and 25 miles from Lisburn and Newry. The property is located on the Main Street, within the town’s main retail core.
Neighbouring occupiers include Villa Vinci restaurant, First Trust Bank, The Cookie Jar bakery and a variety of established local businesses.
The property comprises a substantial building suitable for a mix use retail and office occupiers. The building currently provides retail accommodation on both ground and first floors, with further storage accommodation on the second floor. However, the first floor, and possibly second floor, would be suitable as office accommodation.
The property has been renovated in recent years and is now presented to a high standard, with access also from Valentia Place to the area, and has the benefit of a lift.
The property has been measured in accordance with the RICS Code of Measuring Practice, all areas being net internal and approximate:
Ground Floor Retail : 1450sqft (135 sqm)
First Floor Retail : 1400sqft (130 sqm)
Kitchen/Staff Toilets : 85sqft (8 sqm)
Second Floor Storage : 800sqft (74 sqm)
TOTAL AREA : 3735sqft (352 sqm)
We have been advised the property is held under a 200 year lease from 1955 subject to a nominal annual ground rent.
We have been advised by the Land and Property Services website of the following Net Annual Value (NAV) information: N.A.V: 12,700. The annual rates for 2017/2018 are £7,100.
Strictly by appointment with Selling Agent.
PLEASE NOTE: The premises are offered subject to contract, availability and confirmation of details. Unless otherwise stated, all prices quoted are exclusive of Value Added Tax. These particulars are issued on the understanding that all negotiations are conducted through this firm. All measurements quoted are approximate and are for general guidance only. The location plan is identification and convenience purposes only. Any fixtures, fittings, services, heating systems, appliances or installations referred to in these particulars have not been tested and therefore no guarantee can be given that they are in working order. Photographs have been produced for general information and it cannot be inferred that any item shown is included with the property.