Regent House, 35 Regent Street

FOR SALE

UNIQUE INVESTMENT PROPERTY

REGENT HOUSE COMPLEX & SITE
35 REGENT STREET
NEWTOWNARDS
BT23 4AD


The subject property is one of Newtownards’ most recognisable Grade B1 Listed buildings positioned on a prime site of approximately 1 acre. The premises comprise the extended original mansion house, built in 1820 for Mr Peter Johnston, a local brewer. The external walls of the original mansion house are of solid masonry construction comprising sandstone detailing with feature original porch entrance to the front facade. In 1927 the property became Regent House School until it moved to its current location in 1962. Notable former pupils included Lieutenant-Colonel Robert Blair Mayne.

The sale includes the site of approximately 1 acre comprising the original building, an adjoining retail warehouse, a 50 space Pay & Display car park, and rear storage rooms with Planning Permission for a mews-style development for 6 dwellings.

The original building extends to 7,714 sq ft over basement, ground and first floors with many original features including intricate plastered ceilings, a grand central split staircase with metal balusters, dark wood handrail and glazed cupola above. The adjoining retail warehouse of 6,274 sq ft comprises ground and mezzanine sales and stores.

The property is self-contained and is currently accessed from two wide entrances directly from Regent Street at the front, and a singular vehicular access point, from the rear, directly off West Street.

The premises are currently partly let producing a gross rental income of approximately £58,200 per annum including Pay & Display car parking income. The potential income if fully let is estimated to exceed £99,700 per annum. 

LOCATION

Located within the central business district of Newtownards.

Positioned fronting onto the northern side of Regent Street in the town centre and conveniently located next to the main Translink Bus Station and 300 meters from Conway Square.

ACCOMMODATION

Original Building:
Basement 183.5 sq m (1,975 sq ft)
Ground 206.1 sq m (2,218 sq ft)
First 327.1 sq m (3,521 sq ft)

Unit 2 (Retail Warehouse) 582.9 sq m (6,274 sq ft)

Total Area 1,229.5 sq m (13,988 sq ft)

PLANNING

Planning Permission has been approved, under ref no. X/2005/0843/F, for a mews-style development to the left side of the site for four apartments and two townhouses, along with a gated parking area. A copy of the approvals is available upon request.


TITLE

The property is held by way of a 999 year lease from 1st October 1964 subject to an annual ground rent of £100.

PRICE

Offices around £1,200,000.


RATES

Total NAV: £53,920
There are currently no vacant rates payable for landlords on Listed Buildings.

VAT

The premises are not registered for VAT.

VIEWING

Contact Paul Ritchie
Russell Property
Tel: 028 9181 2145
Email: [email protected]