For Sale

Units 1-6, Castle Walk, Antrim, BT41 4DN

Offers in the region of

£650,000

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Investment
C 60
EPC Rating

Location of Units 1-6, Castle Walk

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description

Six modern single storey shops, built in the early 1990’s, prominently situated adjacent to the Castle Shopping Centre, where retailers include Poundstretcher, New Look, Superdrug, Shoe Zone, Gordon’s Chemist, Holland & Barrett, Card Factory, Poundland and Specsavers.  The shops are also directly opposite the main 600 space DOE free surface carpark, in Antrim town centre.

Antrim town is located on the north shore of Lough Neagh and is approximately 18 miles north west of Belfast.  It has a population of 23,500 people in the 2011 Census.  It is the county town of County Antrim and the administrative centre for Antrim & Newtownabbey Council area which has a resident population of approximately 139,000.

With excellent transport links, Antrim is approximately 5 miles from Belfast International Airport, 20 miles from Belfast City Centre and 20 miles from the Port of Larne.

Four of the six shops are let, hence the initial rental income is £69,700 per annum, but could rise to approximately £98,200 per annum, on the letting of Units 1 & 2.  

 

Schedule of Accommodation, Occupiers, NAV's and Tenancies

See attached brochure.

 

TITLE

To be confirmed, but assumed either Freehold, free of rent or Long Leasehold in excess of 500 years, subject to a fixed annual ground rent not exceeding £50.

 

VAT

The property is VAT registered.  However, it is anticipated that a sale will be treated as a Transfer of a Going Concern (TOGC).

 

PROPOSAL

We are seeking offers in the region of £650,000, exclusive of VAT.  An offer at this level would equate to a Net Initial Yield of 10.33% after allowing for purchasers costs of 5.2%.  

 

For further details contact either Barney Goan or Richard Moneypenny on 02890 500 100.

 

 

 

 

Property Costs

  • Status: For Sale
  • Offers in the region of£650,000
  • 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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McKibbin Commercial Property Consultants
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