27-29 High Street, Newtownards , Down BT23 7HS

Features

• Thriving market town.
• Let to Savers Health & Beauty Ltd at a rent of ?35,000 per annum exclusive.
• Modern building constructed in 2004.
• Offers in excess of ?520,000, subject to contract.

Additional Information

Location
Newtownards is a thriving market town with a catchment population of in excess of 100,000 people and is located approximately 13 miles east of Belfast.
Major retailers close by include Peacocks, Edinburgh Woollen Mill, Specsavers, Argento, Cafe Nero, Vogue, Wardens and Menarys.
The town boasts an attractive mix of national and local retailers.
Description
The unit was constructed in 2004 and is arranged on ground and one upper floor with excellent rear vehicular servicing.
Tenure and Tenancy
The property is freehold and is let to Savers Health & Beauty Ltd on a 5 year lease from 01.10.2019 on effective full repairing and insuring terms at an annual rent of ?35,000 per annum exclusive.
Savers Health and Beauty have a D&B rating of 2A1 indicating minimal risk. For the year ending 29.12.2018 Savers had a turnover of approximately ?507 million with a net profit of approximately ?39.5 million.
Price
Offers in excess of ?520,000, subject to contract, are sought for the benefit of the freehold interest reflecting a net initial yield of 6.42% after costs.