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48 & 48a Bridge Street,

Banbridge, BT32 3JU

2 Bed Mixed Use

Sale agreed

2 Bedrooms

1 Bathroom

1 Reception

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Contact Shooter Property Services (Banbridge)

+44 28 4066 2206

21 Newry Street, Banbridge, BT32 3EA
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Sat: 9:30am- 12:00pm

Property Overview

Status

Sale Agreed

Style

Mixed Use

Property Features

Energy Rating

Property Financials

Price

Last listed at Guide Price £199,950

Property Engagement

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property description image

Features

  • Excellent Investment Opportunity
  • Commercial Lease to Gardner & Allen Opticians Passing Rent £10,040 pax Lease Expiry June 2026
  • Private Tenancy at 48A Passing Rent £450 pcm
  • Large Private Rear Yard Accessed via Shared Entry
  • Well Maintained Building Internally and Externally - Up to date Fire Alarm Systems
  • Fully Performing Tenants
  • Various Asset Management Opportunities
  • High Profile Bridge Street Location
  • Adjacent to Many Well Known and Successful High Street Businesses
  • Full Lease Information Available on Request

Excellent Commercial and Residential Investment Opportunity

A superb opportunity to acquire a high profile mixed use investment in a prime high street location. The opportunity comprises a retail unit on a lease to long estbalished local opticians Gardner & Allen, and a two bedroom flat let on a private tenancy. The property includes sizeable rear yard for parking / potential future development opportunities (subject to approvals). Further information available through the selling agents.

Number 48 - Ground Floor Retail Unit
61 sqm / 656 sq. ft. Net Internal Area plus kitchenette and W.C Full height glazed frontage with electric roller shutter. Suspended ceiling and air conditioning cassette. Currently let to Gardner & Allen Opticians at £10,040 per annum with lease expiry June 2026 (lease includes store/former flat on 1st floor known as 48B).
Residential Flat - 48A
Self contained flat in good order, arranged over first and second floors comprising two bedrooms, lounge, kitchen/dining, bathroom. Currently subject to a private tenancy with passing rent £450 pcm.
Store / Former Residential Flat - 48B
Self contained first floor store / former flat with accommodation comprising kitchen/lounge, two x bedrooms and bathroom. Currently included in extant lease to Gardner & Allen Opticians and used as storage.
Externally
Right of Way Entry shared with neighbouring property. Leading to exclusively owned parking yard to rear finished in stone.
Rates
48 - Estimated Non Domestic Rates Bill 2024/25 £3,183.58 (inc. 20% SBRR) 48A - Estimated Domestic Rates Bill 2024/25 £606.54

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