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Units 1-6, Castle Walk, Antrim BT41 4DN

Offers over £650,000

Investment Property For Sale

Offers over £650,000

Investment Property For Sale

Price Offers over £650,000
Style Investment Property
EPC Rating C60
Status For sale
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Additional Information

Additional Information

Six modern single storey shops, built in the early 1990’s, prominently situated adjacent to the Castle Shopping Centre, where retailers include Poundstretcher, New Look, Superdrug, Shoe Zone, Gordon’s Chemist, Holland & Barrett, Card Factory, Poundland and Specsavers. The shops are also directly opposite the main 600 space DOE free surface carpark, in Antrim town centre.

Antrim town is located on the north shore of Lough Neagh and is approximately 18 miles north west of Belfast. It has a population of 23,500 people in the 2011 Census.  It is the county town of County Antrim and the administrative centre for Antrim & Newtownabbey Council area which has a resident population of approximately 139,000.

With excellent transport links, Antrim is approximately 5 miles from Belfast International Airport, 20 miles from Belfast City Centre and 20 miles from the Port of Larne.

Four of the six shops are let, hence the initial rental income is £69,700 per annum, but could rise to approximately £98,200 per annum, on the letting of Units 1 & 2.

 

Schedule of Accommodation, Occuperis, NAV's and Tenancies

See attached brochure 

 

TITLE

To be confirmed, but assumed either Freehold, free of rent or Long Leasehold in excess of 500 years, subject to a fixed annual ground rent not exceeding £50.

 

VAT

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

 

PROPOSAL

We are seeking offers in the region of £650,000, exclusive of VAT.  An offer at this level would equate to a Net Initial Yield of 10.33% after allowing for purchasers costs of 5.2%. 

 

For further details contact Barney Goan or Richard Moneypenny on 02890 500 100.

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Property Statistics

Total Views

(since advertised)

1,365

Listing Views

Date Views Unique Views Featured Published Bumped
28th Sep 5 5 No Yes No
29th Sep 4 4 No Yes No
30th Sep 2 2 No Yes No
1st Oct 5 5 No Yes No
2nd Oct 2 2 No Yes No
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5th Oct 3 3 No Yes No
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22nd Oct 1 1 No Yes No
23rd Oct 2 2 No Yes No
24th Oct 3 3 No Yes No
25th Oct 5 5 No Yes No
26th Oct 7 7 No Yes No
27th Oct 5 5 No Yes No

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