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620-626 And 630 Shore Road, Whiteabbey Village, Newtownabbey , Antrim 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
  • Additional Information
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  • Personal Notes

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 a 900 year Lease from 31st May 2012 and number 630 by way of a 900 year Lease from 30th July 2015.  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 8.7% after allowing for purchasers costs of 5.6%.

 

For further details contact either Barney Goan or Richard Moneypenny

 

 

 

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Property Statistics

Total Views

(since advertised)

2,143

Listing Views

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

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