- Additional Information
- Share This Property
- Personal Notes
- 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 £21,200 Per Annum
- Potential To Increase Income to Circa £35,000 Per Annum (Subject To Remaining Unit Being Let)
- Situated Amongst New And Well Established Businesses
- Close To Downpatrick, Killinchy And Comber
Additional InformationAn 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, three of which are currently let. One retail unit is let to ‘Killyleagh Catch’ fish and chip shop, whilst the two first floor apartments are let. The investment is currently producing a rental income of £21,200 per annum with the potential of increasing this to circa £35,000 per annum, subject to the remaining ground floor unit (formerly Hot Cross Bakery) 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 (KILLYLEAGH CATCH)
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.
783 Sqft Approximately
14A CATHERINE STREET - FIRST FLOOR APARTMENT
COMMUNAL ENTRANCE LEADING TO FIRST FLOOR
Telephone entry system.
LOUNGE / BEDROOM 2 4.98m (16'4) x 3.56m (11'8)
TV and telephone connection points; built in storage cupboard.
KITCHEN / DINING AREA 6.05m (19'10) x 3.61m (11'10)
Good range of modern wood laminate high and low level cupboards and drawers incorporating single drainer stainless steel sink unit with mixer tap; 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 2.9m (9'6) x 2.84m (9'4)
BATHROOM 3.18m (10'5) x 2.03m (6'8)
Modern white suite comprising:- panelled bath with mixer taps; '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.
Enclose paved patio area; oil fired boiler.
14B CATHERINE STREET - FIRST FLOOR APARTMENT
LOUNGE / DINING AREA 6.1m (20'0) x 6.02m (19'9)
Diffused fluorescent lighting; tv and telephone connection points; built in storage cupboard; wood laminate floor.
BEDROOM 1 3m (9'10) x 2.31m (7'7)
BATHROOM 2.82m (9'3) x 1.96m (6'5)
White suite comprising:- panelled bath with mixer tap and telephone shower attachment; pedestal wash hand basin with mixer tap; low flush wc; part PVC panelling to bath area; hotpress with insulated copper cylinder; 'Velux' ceiling window.
LIVING ROOM / BEDROOM 2 3.33m (10'11) x 3.05m (10'0)
KITCHEN 4.06m (13'4) x 3.07m (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 with canopy over; space and plumbing for washing machine; formica worktops; part tiled walls.
Enclosed paved patio area; oil fired boiler.
16 CATHERINE STREET - (Formerly Hot Cross Bakery) Now Vacant
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; built in cold room (8'8 x 6'0).
STORE 195 Sqft (Approximately)
'Velux' ceiling windows; double doors to rear yard.
WC 60 Sqft (Approximately)
Low flush wc; wall mounted wash hand basin with corner mixer tap; tiled floor.
STORE 20 Sqft (Approximately)
Communal concrete yard with double doors to Catherine Street.
1,311 Sqft (Approximately)
12 Catherine Street - Currently let out to Killyleagh Catch Fish & Chip Shop - Rent £230 per week (Exclusive) 14A Catherine Street - Currently let out at £450 per calendar month for a period of 12 months, commencing 7th July 2021. 14B Catherine Street - Currently let out at £395 per calendar month, the lease is currently operating on a periodic basis. 16 Catherine Street - Currently vacant.
12 Catherine Street - Total NAV £4,700 = Rates Payable £2,439.16 per annum (approx) 14A Catherine Street - Capital Value £70,000 - Rates Payable £604.87 per annum (approx) 14B Catherine Street - Capital Value £60,000 - Rates Payable £518.46 per annum (approx) 16 Catherine Street - Total NAV £5,800 = Rates Payable £3,010.03 per annum (approx) PLEASE NOTE:- All prospective purchasers should make their own enquiries to confirm the NAV/Capital Values/Rates Payable.
All prices etc are exclusive of, but may be subject to VAT.
Assumed Freehold / Long Leasehold
Tim Martin & Company for themselves and for the vendors of this property have endeavoured to prepare these sales details as accurate and reliable as possible for the guidance of intending purchasers or lessees. These particulars are given for general guidance only and do not constitute any part of an offer or contract. The seller and us as agents, do not make any representation or give any warranty in relation to the property. We would recommend that all information contained in this brochure about the property be verified by yourself or professional advisors. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty will be given as to their condition. All measurements contained within this brochure are approximate. Please contact us prior to viewing the property. If there is any point of particular importance to you we would be pleased to provide additional information or make further enquiries. We will also confirm that the property remains available. This is particularly important if you are contemplating travelling some distance to view the property.
Share this property
Add a personal note about this property
You can add your own personal notes about this property.
You can view all your notes by going to My PropertyPal.com.
You can remove this note at any time.
Notes can only be seen by you and any pals you have added, they cannot be viewed by the vendor or estate agent.
Are you selling this property?
Promote your listing on PropertyPal to get more exposure and put your property in front of the right people.
Not your property? Click here to search for your property.
Option 1: Featured Listing
Get one boost to the top of the search results every week for the duration of your order.
Additionally, your property appears as featured at the top of the search results on selected dates and locations.
Option 2: Premier Listing
Get an automatic boost to the top of the search results every week for the next 4 weeks.
Additionally, your property appears as enhanced with extra photos and a description for the lifetime of your listing.
Spotted a Problem? Even the best agents make mistakes, help us to maintain accurate property information on our listings. Report a problem »