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34-42 Bow Street, Lisburn BT28 1BN

Offers over £550,000

34-42 Bow St

Offers over £550,000

34-42 Bow St

Price Offers over £550,000
Style Investment Property
EPC Rating C71
Status For sale
  • Additional Information
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  • Personal Notes
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Additional Information

Features

  • Retail Investment
  • Let to Poundstretcher Limited
  • c. 8,874 sq ft (824.38 sq m)

Additional Information

The property is occupied by Poundstretcher Limited and comprises a ground floor retail unit with store and office space and first floor ancillary storage space (accessed via ladder).

The property comprises a large open plan ground floor sales area with glazed frontage and secured by electric roller shutter doors. The current tenant has completed a high quality fit-out to the unit.

The property has the benefit of an enclosed, secure service yard to the rear.

EPC -C71

Tenancy
Tenant:  Poundstretcher Limited
Term:  5 years from 8 December 2020
Passing Rent:  £50,000 per annum exclusive.
Repairs:  Full Repairing and Insuring Lease
Title and Lease Details:  Available on request

Tenancy Covenant
Poundstretcher is a well-known variety discount chain retailing a variety of food, toiletries, garden essentials, and home-ware brands. Poundstretcher are currently progressing plans to open a further 50 new stores across the UK in 2021. (Source: www.poundstretcher.co.uk).

For the year ending 31 March 2019, Poundstretcher reported a turnover of £434,622,967 and a net worth of £21,347,620 (Source: Red Flag Alert).

Title
We understand that the property is held part freehold and part long leasehold. Details available on request.

VAT
All prices, rentals and outgoings are quoted exclusive of VAT.

Proposal
We are instructed to seek offers in the region of £550,000 (Five Hundred and Fifty Thousand Pounds) subject to Contract and exclusive of VAT, reflecting a Net Initial Yield of 8.67% after deduction of standard purchaser’s costs of 4.66%.

Ground Floor Sales - 5873 square feet
Ground Floor Ancillary Stores and Office - 2539 square feet
First Floor Ancillary Accommodation - 462 square feet
Total Area: 8874 square feet

Directions

Lisburn, which was awarded City status in 2002, is located approximately 10 miles south-west of Belfast city centre and is part of the Belfast Metropolitan Area. The city has excellent transport connections, situated close to the motorway network and direct road and rail links to Belfast and Dublin.

Lisburn has a strong retail core with a traditional pedestrianised high street of Bow Street, complemented by the extensive Bow Street Mall which is anchored by Primark.

In addition, the area’s retail offering is further supplemented by the nearby Sprucefield Development with occupiers including Marks & Spencer, Sainsbury’s and B&Q. The property is located in a prominent position along the pedestrianised portion of Bow Street, within the main retail core close to the junction with Antrim Street. The surrounding area is predominantly retail with nearby occupiers including Tesco Express, Boots, Caffe Nero and Waterstones.

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Property Statistics

Total Views

(since advertised)

885

Listing Views

Date Views Unique Views Featured Published Bumped
6th Apr 6 6 No Yes No
7th Apr 8 8 No Yes No
8th Apr 6 6 No Yes No
9th Apr 5 5 No Yes No
10th Apr 3 3 No Yes No
11th Apr 11 11 No Yes No
12th Apr 10 10 No Yes No
13th Apr 9 9 No Yes No
14th Apr 3 3 No Yes No
15th Apr 12 12 No Yes No
16th Apr 9 9 No Yes No
17th Apr 5 5 No Yes No
18th Apr 13 13 No Yes No
19th Apr 6 6 No Yes No
20th Apr 2 2 No Yes No
21st Apr 7 7 No Yes No
22nd Apr 4 4 No Yes No
23rd Apr 4 4 No Yes No
24th Apr 6 6 No Yes No
25th Apr 9 9 No Yes No
26th Apr 7 7 No Yes No
27th Apr 5 5 No Yes No
28th Apr 2 2 No Yes No
29th Apr 4 4 No Yes No
30th Apr 12 12 No Yes No
1st May 5 5 No Yes No
2nd May 6 6 No Yes No
3rd May 7 7 No Yes No
4th May 5 5 No Yes No
5th May 8 8 No Yes No

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