1-27 Thornleigh Gardens,

Features

• Situated in a popular residential location c.1 mile from Bangor city centre.
• Opportunity to acquire seven retail units, seven apartments & two garages within one block, extending to c. 9,710 Sq Ft.
• Currently producing a gross rental income of c.£99,940 per annum, with one vacant apartment.
• Highly accessible location within close proximity of Ballyholme Beach, Bangor Golf Club and Bloomfield Shopping complex.

Bangor is Northern Ireland’s newest city with an affluent resident population of c.61,400 (2011 Census) situated on the North Down coast, approximately 13 miles east of Belfast. It has an estimated catchment of c.200,000 within a 20-minute drive time and benefits from excellent road and rail links.

Highly accessible location with many amenities close-by which include Clear Pharmacy, Ballyholme Beach, Bangor Golf Club, Bangor City Centre and Bloomfield Shopping complex.

Bangor is Northern Ireland’s newest city with an affluent resident population of c.61,400 (2011 Census) situated on the North Down coast, approximately 13 miles east of Belfast. It has an estimated catchment of c.200,000 within a 20-minute drive time and benefits from excellent road and rail links.

Highly accessible location with many amenities close-by which include Clear Pharmacy, Ballyholme Beach, Bangor Golf Club, Bangor City Centre and Bloomfield Shopping complex.

The property comprises a substantial mixed-use commercial and residential development including seven retail units which are all fully let and seven three-bedroom apartments extending to approximately 9,710 Sq Ft. There are also two garage units.

The development is currently producing a Gross Rental Income of approximately £99,190 per annum, with the opportunity of this amount increasing to in excess of £110,000 per annum, following refurbishment of the vacant apartment.

The retail units are all situated on the ground floor comprising of approximately c.4,200 sq ft. Tenants include a hair salon, off-sales, beauty salon, café, private office, accountancy office and barbers. Many of the retail units have been refurbished in recent years to include new shopfronts, electrics and lighting.

All of the apartments are currently tenanted, with the exception of one, which requires refurbishment. Some of the apartments have recently been refurbished and some require redecoration. All seven apartments comprise of three bedrooms, living room, kitchen and bathroom. Each apartment benefits from a self-contained ground floor entrance, with the accommodation comprising over the first and second floors.

The Clear Pharmacy and Monumental Sculpture units are not  included within the Sale.

A full tenancy schedule and breakdown of areas is provided on Page 4.

Directions

The property is situated just off the B21 Donaghadee Road fronting onto Thornleigh Gardens, an extremely popular residential area within c. 1 mile from Bangor City Centre.