12-16 Catherine Street,

Features

• Excellent Mixed Use Investment Property
• Prominent Position In The Heart Of Killyleagh Village
• Comprising Of Two Retail Units And Two First Floor Apartments
• Currently Producing An Income of £22,700 Per Annum
• Potential To Increase Income To Circa £28,700 per annum (Subject To Remaining Apartment Let)
• Situated Amongst New And Well Established Businesses
• Close To Downpatrick, Killinchy And Comber

An excellent opportunity to acquire this mixed-use investment property in the heart of Killyleagh village, occupying a prominent site, amongst a varied mix of new and well-established businesses including Winemark, Spar, Maxol petrol station, to name but a few.

The property currently comprises of two ground floor retail units and two first floor apartments.The investment is currently producing a rental income of £22,700 per annum with the potential of increasing this to circa £28,700 per annum, subject to the remaining first floor apartment being let.

Killyleagh village is becoming an increasingly popular area with its choice of local boutiques, coffee shops and restaurants, not to mention its proximity to Strangford Lough, which boasts a wealth of water sports and beautiful coastal walks. The surrounding towns of Downpatrick, Killinchy and Comber are all close by, whilst the edge of Belfast is approximately 30 minutes’ drive away.

12 CATHERINE STREET

FRONT SHOP - 300 Sqft (Approximately)

Wood laminate floor; fluorescent lights; suspended ceiling; PVC clad walls; open through to:-

REAR SHOP - 418 Sqft (Approximately)

Non slip floor; fluorescent lights; suspended ceiling; single drainer stainless steel industrial sink; PVC clad walls.

REAR STORE - 28 Sqft (Approximately)

Non slip floor; fluorescent light.

DISABLED WC - 37 Sqft (Approximately)

Low flush wc; wash hand basin; suspended ceiling; fluorescent light; PVC clad walls.

COMMUNAL CONCRETE REAR YARD

Double doors to Catherine Street.

TOTAL AREA

783 Sqft (Approximately)

14A CATHERINE STREET - FIRST FLOOR APARTMENT

COMMUNAL ENTRANCE

Leading to first floor.

ENTRANCE HALL

Telephone entry system.

CLOAKROOM

LOUNGE / BEDROOM 2 4.98m x 3.56m (16'4 x 11'8)

TV and telephone connection points; built in storage cupboard.

KITCHEN / DINING AREA 6.05m x 3.61m (19'10 x 11'10)

Good range of modern wood laminate high and low level cupboards and drawers incorporating single drainer stainless steel sink unit with mixer taps; integrated 'Logik' electric under oven with 'Logik' 4 ring ceramic hob; concealed extractor fan over; formica worktop; tv aerial connection point; Upvc double doors to enclosed paved patio area.

BEDROOM 1 2.90m x 2.84m (9'6 x 9'4)

BATHROOM 3.18m x 2.03m (10'5 x 6'8)

Modern white suite comprising :- panelled bath with mixer tap; 'Redring' electric shower unit with wall mounted telephone shower attachment; fitted glass shower screen; pedestal wash hand basin with mono mixer tap; low flush wc; part tiled walls; hotpress with insulated copper cylinder; extractor fan.

OUTSIDE

Enclose paved patio area; oil fired boiler.

14B CATHERINE STREET - FIRST FLOOR APARTMENT

COMMUNAL ENTRANCE

Leading to first floor.

ENTRANCE HALL

LOUNGE / DINING AREA 6.10m x 6.02m (20'0 x 19'9)

Diffused fluorescent lighting; tv and telephone areal connection points; built in storage cupboard; wood laminate floor.

BEDROOM 1 3.00m x 2.31m (9'10 x 7'7)

BATHROOM 2.82m x 1.96m (9'3 x 6'5)

White suite comprising;- panelled bath with mixer tap and telephone shower attachment; pedestal wash hand basin with mixer taps; low flush wc; part pvc panelling to bath area; hotpress with insulated copper cylinder; 'Velux' window.

LIVING ROOM / BEDROOM 2 3.33m x 3.05m (10'11 x 10'0)

KITCHEN 4.06m x 3.07m (13'4 x 10'1)

Good range of wood laminate high and low level cupboards and drawers incorporating single drainer stainless steel sink unit with mixer taps; electric under oven with 4 ring hob; concealed extractor fan under canopy over; space and plumbing for washing machine; formica worktop; part tiled walls.

OUTSIDE

Rear paved patio area; oil fired boiler.

16 CATHERINE STREET

RETAIL - 413 Sqft (Approximately)

Non slip floor; fluorescent lights; range of floor level cupboards; formica worktops; single drainer stainless steel sink unit with mixer taps.

HALLWAY - 41 Sqft (Approximately)

Tiled floor; built in cloak cupboard.

STORE - 88 Sqft (Approximately)

BAKERY - 494 Sqft (Approximately)

Concrete floor; fluorescent lights; pvc wall cladding; build in cold room (8'8 x 6'0)

WC - 60 Sqft (Approximately)

Low flush wc; wall mounted wash hand basin with corner mixer tap; tiled floor.

STORE - 20 Sqft (Approximately)

OUTSIDE

Communal concrete yard with double doors to Catherine Street.

TOTAL AREA

1311 Sqft (Approximately)

LEASE DETAILS

No 12 Catherine Street - Currently let out to Killyleagh Catch Fish & Chip Shop - Rent £230 per week
No 14a Catherine Street - [email protected] £500 per calendar (inclusive of rates)
No 14b Catherine Street - Currently let out at £395 per calendar month(including rates), the lease is currently operating on a periodic basis
No 16 Catherine Street - Great Professional Services Ltd t/a Lucy's Giftshop.6 months 1Feb 23. Rent £500 per month.

RATES DETAILS

No 12 Catherine Street - Total NAV : £4,700 = Rates Payable £2461.08 per annum (approximately)
No 14a Catherine Street - Capital Value : £70,000 = Rates Payable £610.40 per annum (approximately)
No 14b Catherine Street - Capital Value : £60,000 = Rates Payable £523.20 per annum (approximately)
No 16 Catherine Street - Total NAV : £5,800 = Rates Payable £3037.07 per annum (approximately)

PLEASE NOTE:- All prospective purchasers should make their own enquiries to confirm the NAV/Capital Values/Rates Payable

VAT

All prices etc. are exclusive of, but may be subject to VAT.

TITLE

Assumed Freehold / Long Leasehold