For Sale

Unit 1, 27/29, 27-29 Unit 1, 27/29 High Street, Newtownards, BT23 7HS

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Commercial Property

Location of Unit 1, 27/29

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features

  • Thriving market town.
  • Let to Savers Health & Beauty Ltd at a rent of £35,000 per annum exclusive.
  • Modern building constructed in 2004.
  • Offers in excess of £520,000, subject to contract.

description

Location

Newtownards is a thriving market town with a catchment population of in excess of 100,000 people and is located approximately 13 miles east of Belfast.

Major retailers close by include Peacocks, Edinburgh Woollen Mill, Specsavers, Argento, Cafe Nero, Vogue, Wardens and Menarys.

The town boasts an attractive mix of national and local retailers.

Description

The unit was constructed in 2004 and is arranged on ground and one upper floor with excellent rear vehicular servicing.

Tenure and Tenancy

The property is freehold and is let to Savers Health & Beauty Ltd on a 5 year lease from 01.10.2019 on effective full repairing and insuring terms at an annual rent of £35,000 per annum exclusive.

Savers Health and Beauty have a D&B rating of 2A1 indicating minimal risk. For the year ending 29.12.2018 Savers had a turnover of approximately £507 million with a net profit of approximately £39.5 million.

Price

Offers in excess of £520,000, subject to contract, are sought for the benefit of the freehold interest reflecting a net initial yield of 6.42% after costs.





Property Costs

  • Status: For Sale
  • From£520,000
  • 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.

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