102 Abbey Street, Bangor BT20 4JB

Investment Property For Sale
Offers around £89,950

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Stephen Bailie Estate Agent

Stephen Bailie Estate Agent

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Key Information

Price Offers around £89,950
Style Investment Property
Status For sale

Location

This agent has listed the accuracy as: Exactly Right

Features

  • Excellent investment property comprising two self-contained units
  • (Existing business not affected by this sale - i.e. "Sitting tenant")
  • Ground floor (circa 400 sq feet overall) is let to November 2019
  • Upper floor 3-bedroomed flat with front & rear access
  • Total gross rental is £8,370 per annum
  • Two private car parking spaces to rear
  • High profile location close to public car parks and Town Centre

Additional Information

Offering an excellent investment opportunity comprising a ground floor shop unit with large display window (used as a dog grooming parlour since October 2013) together with a separate self-contained maisonette flat over. They occupy a prominent high profile site close to public car parks and fronting the main arterial route in & out of Bangor. Whilst the upstairs flat needs updating (the rent has not been increased since it was let some 11 years ago) it provides the opportunity for a new owner to modernise and thereby increase the income. Both units are currently let to long term tenants; due to the affordable asking price we anticipate demand will be strong.

INVESTMENT PROPERTY

Rent & Tenancy details


102 Abbey Street - Ground Floor Shop

COMPRISING: Main shop area – Rear store – Toilet
– Enclosed yard – Rear parking space.

TERM: Three years to 31st October 2019.

RENT: £4,500.00 per annum + rates.

The Tenant is responsible for payment of rates.
EPC - E120 (Commercial)


102a Abbey Street - Upper Floor Flat

COMPRISING: Entrance – Stairs to Landing – Living Room –
Bedroom – Kitchen – Bathroom – Separate toilet –
2nd floor Landing – Two further Bedrooms
Rear external stairs – Parking space.

FROM: 21st December 2005.

TERM: Currently quarter to quarter.

RENT: £3,300.00 per annum + rates (Rates 2016/17 = £570.96)

REVIEW: Under the terms of the lease the rent can be reviewed by
giving one month’s notice.

N.B. As residential the Landlord is responsible for payment of rates.
EPC - G12 (Residential)

Directions

LOCATION: Driving into Bangor along the Belfast Road, stop at the traffic lights and once across the junction, this property is in the 1st block on your left, facing the open space at the church; parking lay-by outside.

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