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

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