1 Church Square,

FOR SALE
(Due to owners’ retirement)
1 Church Square
Rathfriland
BT34 5PT



TAKEAWAY BUSINESS TO INCLUDE GOODWILL FIXTURES AND FITTINGS. PART INCOME PRODUCING ELEMENT ON UPPER FLOORS INCLUDED


KEY FEATURES
Income producing residential bedsits on upper floors.
Prime position located in Town Centre.
All inventory included in sale. (Details available on request)


LOCATION
Rathfriland is located 8 miles from Newry city and 7 miles from the A1 to Belfast which is 33 miles from Newry and the M1 to Dublin which is 58 miles from Newry. Nearby occupiers include Gordon’s Chemist, Fisher and Fisher solicitors, Milestone Nisa Extra.


ACCOMMODATION
Basement – 307 SQFT

Takeaway – 921 SQFT

5 No. Bedsits with common kitchen area over first and second floors

First floor – 3 bedsits with en suites, communal kitchen area
Second floor – 2 bedsits with one en suites, 1 separate bathroom.
There are 5 bedsits on upper floors which are leased on a rolling licence arrangement. 4 of these bedsits include en suites. Rental income is £16,800 per annum. Further details available on request.


GUIDE PRICE
£269,500


VAT
Outgoings are inclusive but may be liable to VAT.


COMMERCIAL NAV
We are verbally advised that the NAV of the property is: £4,800.

The commercial rate in the pound for 2023/24 is £0.5518.

https://valuationservices.finance-ni.gov.uk/Property/Details?propertyid=72786


RESIDENTIAL RATES
We are verbally advised that the approx Rates for the property are: £773

https://valuationservices.finance-ni.gov.uk/Property/Details?propertyId=72787


EPC

Commercial
C – 53 - Energy performance certificate (EPC) – Find an energy certificate – GOV.UK (find-energy-certificate.service.gov.uk)

Residential
C – 69 - https://find-energy-certificate.service.gov.uk/energy-certificate/2737-3420-6309-0610-1222


VIEWING
Gerard Kelly         07796947736          [email protected]

Ryan McBride                                          [email protected]