133 High Street,
Holywood, BT18 9LG
Shop With Office Accomodation (2,062 sq ft)
Offers Around £450,000
Contact Templeton Robinson Commercial
+44 28 9131 3830
Property Overview
Status
For Sale
Style
Shop With Office Accomodation
Property Financials
Price
Offers Around £450,000
Property Engagement
Views All Time
126
Excellent Fully Let Retail / Office Investment
LOCATION
The building is situated in a prominent position on High Street, Holywood with its range of shops, coffee shops and restaurants plus extensive housing within walking distance. Neighbouring occupiers include Centra, Mauds Ice Cream, The Yard, Solo Hair, ERSI, Holywood Mortgage Centre and Hooked.
DESCRIPTION
This is an excellent fully let building over 3 floors plus 3 car park spaces. The ground floor is let as a nail bar and is finished to include aluminium double glazed shop front, tiled flooring, suspended ceilings with wall mounted air conditioning unit and CCTV.
The upper floor offices are also well finished to include solid flooring overlaid with carpets, plastered and painted walls, suspended ceilings with recessed and diffused lighting.
ACCOMMODATION
Ground Floor Unit - c.817 sq.ft. (75.9 sq.m.)
plus W.C.
First Floor - c.777 sq.ft. (72.2 sq.m.)
plus W.C.
Second Floor - c.468 sq.ft. (43.5 sq.m.)
plus W.C.
Total accommodation - c.2,062 sq.ft. (191.6 sq.m.)
PRICE
Seeking offers around £450,000 excl.
LEASE DETAILS
Ground floor
Let on a Ten year lease from 1st Dec 2024 at £16,000 p.a. Rising to £17,000 in year 2 and £18,000 in years 3-5.
First and Second floors
Let at £11,000 p.a.
Tenant is overholding.
ERV £14,000 p.a.
A sale at the ERV would give give an attractive NIY of c.7% allowing for standard purchaser's costs.
TITLE
Assumed Freehold/Long Leasehold
VAT
The property is not registered for VAT, so VAT is not chargeable on the sale price.
RATES
133a (Ground Floor) NAV £17,100
133b (First Floor) NAV £7,850
133c (Second Floor) NAV £3,550
EPC
C-69
VIEWING
By appointment with Sole Agent 028 9131 3830
