Covid-19 House Viewing Guidelines The process for viewing properties in Northern Ireland has changed following Covid-19. Please read the guidelines before arranging a viewing

46 Grays Hill, Bangor , Down BT20 3BB

Offers around £79,500

Investment Property For Sale

Offers around £79,500

Investment Property For Sale

Price Offers around £79,500
Style Investment Property
EPC Rating D77
Status For sale
  • Additional Information
  • Share This Property
  • Personal Notes

Additional Information

Features

  • Affordable town centre commercial investment opportunity
  • 7.2% gross return based on Purchaser's acquisition costs of 5%
  • Well established tenant who has been trading circa 20 years
  • Oil fired heating
  • Mainly double glazed windows
  • Enclosed rear yard
  • Electric roller shutter to shop front/ornate grill to front door
  • On-street parking plus close to sea front and main bus/train station

Additional Information

ATTENTION INVESTORS, in recent years with interest rates running at historic lows the marketing of this compact and affordable commercial unit has the potential to provide the shrewd investor with way above average returns compared to standard bank accounts.
It comes complete with a long established tenant that has been trading in the premises for around 8 years (and 20 years in total) who would be interested in extending her lease again to a willing Landlord. The accommodation comprises an attractive ground floor salon together with three upstairs treatment rooms all benefitting from the added bonus of oil fired heating. The premises come with uPVC double glazed windows except the shop front which has an electric roller shutter; to the rear is an enclosed yard.

Ground Floor

FRONT SHOP / SALON
6.71m x 3.35m (22' 0" x 11' 0")
overall.
Aluminium shop front and door.
KITCHEN /STORE:
4.72m x 2.21m (15' 6" x 7' 3")
overall.
Stainless steel sink unit. Toilet and wash basin.
REAR YARD:
Store with oil fired boiler.
Fire escape stairs from 1st floor.
Access to rear lane to Somerset Avenue

First Floor

CLOAKROOM:
Toilet with wash hand basin.
MAIN TREATMENT ROOM:
4.57m x 3.35m (15' 0" x 11' 0")
overall.
SECOND TREATMENT ROOM:
3.2m x 3.m (10' 6" x 9' 10")
THIRD TREATMENT ROOM:
2.34m x 2.18m (7' 8" x 7' 2")
LEASE DETAILS:
Under lease until 31st March 2021 at a rent of £6,000 pa with rates and internal repairs the responsibility of the Tenant.

NAV: £4,250 (i.e. £1628 for '20/21 year)

Directions

From the traffic lights, travel along Queens Parade then at the mini-roundabout continue on up Grays Hill and number 46 is near the top on your right.

Share this property

Email this property to your friends

Please check you have entered all details correctly:

Good Work!

Your email is winging its way to

Personal Notes

Add a personal note about this property

Please or sign up to add notes to this property.
About Personal Notes

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.

Property Statistics

Total Views

(since advertised)

365

Listing Views

Date Views Unique Views Featured Published Bumped
20th Aug 13 13 No Yes No
21st Aug 15 15 No Yes No
22nd Aug 17 17 No Yes No
23rd Aug 20 20 No Yes No
24th Aug 4 4 No Yes No
25th Aug 6 6 No Yes No
26th Aug 4 4 No Yes No
27th Aug 6 6 No Yes No
28th Aug 7 7 No Yes No
29th Aug 2 2 No Yes No
30th Aug 3 3 No Yes No
31st Aug 5 5 No Yes No
1st Sep 5 5 No Yes No
2nd Sep 25 25 No Yes No
3rd Sep 7 7 No Yes No
4th Sep 3 3 No Yes No
5th Sep 3 3 No Yes No
6th Sep 3 3 No Yes No
7th Sep 15 15 No Yes No
8th Sep 8 8 No Yes No
9th Sep 7 7 No Yes No
10th Sep 15 15 No Yes No
11th Sep 4 4 No Yes No
12th Sep 0 0 No Yes No
13th Sep 7 7 No Yes No
14th Sep 16 16 No Yes No
15th Sep 10 10 No Yes No
16th Sep 8 8 No Yes No
17th Sep 12 12 No Yes No
18th Sep 5 5 No Yes No

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 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.

£49

Spotted a Problem? Even the best agents make mistakes, help us to maintain accurate property information on our listings.  Report a problem »

Back to top