115-117 Main Street, Newcastle BT33 0AE
Retail unit (1,784 sq. feet) For Sale
This agent has listed the accuracy as: Quite Near
- Excellent new build ground floor retail unit of 1,784 sq. ft. (165.8 sq.m.)
- Located on Main Street in the heart of Newcastle
- Let to Nero Holdings Ltd t/a Caffe Nero, current net rental income of £35,000 pax
- We have been instructed to seek offers in excess of £500,000 (Five Hundred Thousand Pounds) reflecting a Net Initial Yield of 6.70% (Allowing for purchases costs of 4.43%)
Newcastle is one of Northern Ireland's most popular seaside resorts located on the South East coast of Co. Down and is home to the world famous Mourne Mountains. It is located 30 miles south of Belfast and 20 miles east of Newry. The new unit occupies a prominent position fronting Main Street in the town centre and is situated amongst a variety of retailers, restaurants and cafés.
The subject property is the ground floor unit within a newly built, mixed-use development.
The development comprises a ground floor retail unit with 3 apartments located on the first and second floors (Also available to purchase in conjunction with the ground floor unit).
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