Unit 1-3, Lancasterian Court, Lancasterian Street, Carrickfergus BT38 7AB

Offers around £250,000
Investment Property (5,676 sq. feet) For Sale
Offers around £250,000

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Frazer Kidd LLP

Frazer Kidd LLP

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Key Information

Price Offers around £250,000
Style Investment Property
Status For sale

Location

This agent has listed the accuracy as: Quite Near

Retail Units and Rear Store

Features

  • The units are a substantial size, have been finished to a good standard and are sure to appeal to a variety of commercial occupiers.
  • Consideration will be given to selling the shops as individual units.
  • One of the shops is let to Oasis Dental Care for a period of 15 years from 10th February 2010, with tenant's options to break at the end of years five and ten, at a rent of £16,360 per annum, increasing to £18,500 per annum in February 2016, with an upwards only rent review in February 2020.
  • The remaining two shops and rear store are currently vacant, however once these units are let the annual income should increase considerably, with an increase to around £44,360 per annum possible.
  • A purchase at this level represents a net initial yield of 7.06%, however once the building is fully let this could potentially increase to around 17.76%, assuming usual purchaser's costs.

Additional Information

Three retail units and a rear store located within a modern development in the centre of Carrickfergus.

 Located in an excellent location, directy opposite Iceland and lose to the entrance to the De Courcy Centre.  One of the three shops is let, currently generating an income of £16,360 per annum, rising to £18,500 per annum in February 2016.

Unit 1 - 1,245 sq ft (112.69 sq m) - EPC Rating C51

Unit 2 - 1,212 sq ft (112.61 sq m) - EPC Rating C59

Unit 3 - 1,313 sq ft (122.00 sq m) - EPC Rating D92

Rear Store - 1,938 sq ft (180.00 sq m)

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Total Views

(since advertised)

1,725

Listing Views

Date Views Unique Views Featured Published
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