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620-626 And 630 Shore Road, Whiteabbey Village, Newtownabbey BT37 0ST

Offers over £950,000

Investment Property For Sale

Offers over £950,000

Investment Property For Sale

Price Offers over £950,000
Style Investment Property
EPC Rating C65
Status For sale
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Additional Information

Additional Information

Situated in a popular, prominent and affluent suburban location at corner of Shore Road and Circular Road in the busy centre of Whiteabbey Village, on the shores of Belfast Lough.

Comprising five modern shops constructed in 2011/12, forming part of an overall development of six ground floor shops with 16 apartments and 13 townhouses, above and to the rear, accessed off Circular Road.

The five shop units are all superbly fitted out to a very high standard, to suit their current use.

The surrounding area boosts many prestigious residences, modern housing developments and Jordanstown Loughshore Park. Nearby commercial premises include Spar, a Post Office, Village Pharmacy, Little Wing Pizzeria, The Bureau Café Bar, The Sipster bar, wines and spirits and a plethora of other restaurants and local shops to cater for the local population. 

 

For Schedule of Accommodation & Occupiers, Tenancies

See attached brochure

 

TITLE

We understand that numbers 620–626 Shore Road are each held by way of 900 year Leases from 30th July 2015 and number 630 by way of a 900 year Lease from 31st May 2012.  Each Lease is subject to the payment of a ground rent of £200 per annum, to the superior Landlord.    

 

VAT

The property is registered for VAT.  However, it is envisaged that the sale will be treated as a Transfer of a Going Concern (TOGC).

 

PROPOSAL

We are seeking offers in the region of £925,000, exclusive of VAT.  An offer at this level would equate to a Net Initial Yield of 7.6% after allowing for purchasers costs of 5.6%, with a reversionary yield of 9% when vacant unit is relet at asking rent. 

 

For further details contact either Barney Goan or Scott Lawther on Tel:  02890 500 100

 

 

 

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Property Statistics

Total Views

(since advertised)

3,693

Listing Views

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

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