255-257 Newtownards Road - Unit 2

• Situated on Upper Newtownards Road within Ballyhackamore.
• Prime unit extending to c.1,012 sq. ft.
• Option to purchase onsite equipment (equipment list available upon request).
• Suitable for a variety of commercial uses subject to any statutory planning consents.
• Neighbouring occupiers include; Hunter Paper Co, Juice Jar, Caffé Nero among others.

LEASE FOR SALE - The property is available to lease by way of assignment. The property formerly operated as a restaurant and occupies a highly prominent position on the Upper Newtownards Road in Ballyhackamore, a vibrant and popular location approximately 3 miles from Belfast City Centre.

The previous restaurant fit-out was to a high standard, with plastered and painted walls and ceilings, feature lighting, an internal air conditioning system, and mains gas.

The property features an open-plan seating area with an impressive dual-height ceiling. The kitchen is surprisingly spacious and includes an extraction system.

The current configuration provides seating for accommodate approximately 35 diners.

The salient details of the current lease being as follows:-

Term:   6 years from 23rd January 2024 (expiring 22nd Jan 2030)
Lease:   Tenant is responsible for internal and external repair
Rent:   £20,000 per annum exclusive of VAT
Rent review date:   23rd January 2027
Tenant break date:   Tenant to have a break option at 23rd January 2027 subject to providing 6 months written notice.
Insurance:   Tenant to repay landlord’s building insurance premium
Service charge:   Tenant to repay portion of service charge, which will not include the cost of replacement of major items and is capped at £300.00 per annum exclusive of VAT.
Note:   A new lease may be available by negotiation.