27-29 Oldtown Street, Cookstown, BT80

Additional Information

INVESTMENT OPPORTUNITY

27-29 OLDTOWN STREET, COOKSTOWN

WELL ESTABLISHED LICENCED PREMISES, BAR & WINE GALLERY ALONG WITH A RESIDENTIAL FLAT

Guide Price: £500,000

(Portfolio currently rented at £44,200 p.a.,with a 5 year lease with option to renew)

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Ground Floor area approximately 3,560 sq ft, residential flat approximately 900sqft, total site approximately 0.17 acre.

Potential to add a further rental of up to £10,000 pa to the portfolio due to the possible rental of the 1st floor as individual offices

Main Bar area, separate offices, beer stores and coolers, ladies/gents & disable WC, main seating area, dance floor, TV area, pool area, additional sitting area, self contained off-licence, self contained wine gallery/additional office space and a self contained residential flat with exterior yard

These premises are located on a prominent position with frontage onto Oldtown street, which is between William Street and the new access into the Orritor Street retail complex. It is part of the central business district and active retail / office area in Cookstown town centre. Its strategic location provides ease of access and a high volume of passing trade.

Cookstown is approximately 45 miles west of Belfast via the M2 Motorway. It is approximately 35 miles west of Belfast International Airport at Aldergrove and 50 miles south-east of Londonderry.

Oldtown Street occupies a largely mixed use retail and office location, with charity shops, hot food takeaways, professional occupiers and office space in the vicinity. Specific occupiers include mobile phone shops, Gordon’s Chemist, Subway, Country Fried Chicken, Mace, Xtra Vision, Tesco’s, The Streat, O’Briens, Next, Homebase, Marks & Spencer.

These premises have been recently fully refurbished and are finished to a high specification providing excellent facilities throughout.

Situated at the rear of this premises there is a substantial high quality self contained flat approximately 900 sq ft.

Seldom does such superb premises become available in the Mid Ulster area. Inspection is highly recommended.

Bar Area:

This comprises main bar, dance area, TV area, pool area, lounge area and toilets. No expense has been spared in the design and construction of this public bar.

Off Sales:
The adjoining Off sales shop has also been refurbished to the highest standard.

First Floor:
Previously used as the wine gallery, to include ancillary rooms and WC facilities. Currently used as storage. Has the potential for a separate door access to provide c. 2,000sqft of open plan and individual office spaces.

Living Accommodation:

A substantial high quality self contained flat of approximately 900sqft is situated to the rear of the premises.

Living room, kitchen, three double bedrooms, bathroom. OFCH, double glazed.

Exterior Yard:

There is a large exterior yard to the side and rear giving access to the self contained flat and main building. The yard is licensed and would be suitable for a substantial “Beer Garden” or off-street parking.

MORTGAGE ADVICE: STANLEY BEST ESTATE AGENTS are pleased to offer a free independent mortgage and financial advice service. Please ask for details.

IMPORTANT NOTICE TO PURCHASERS – STANLEY BEST ESTATE AGENTS HAVE NOT TESTED ANY SYSTEMS, SERVICES OR APPLIANCES AT THIS PROPERTY. MAPS, PLANS AND MODELS ARE NOT TO SCALE AND MEASUREMENTS ARE APPROXIMATE