203-205 Mill Street, Newtownards, County Down, BT23 4JE

Offers Over

£40,000

Typical Mortgage

per month

Investment

Contact Agent

Osborne King

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Description & Features

Investment Property
Sold Subject to Tenancy

The subject property consists of two adjoining end terrace units with retail/showroom accommodation at ground floor level. The first floor has been sealed off. The property has a pitched roof with smooth render finish on the walls and benefits from two electric roller shutters. It is finished to include solid floor overlaid with carpet and vinyl, plastered and painted walls plus fluorescent strip lighting.

Tenancy

The property is currently occupied and trading as Silverwing at a rent of £3,600 per annum. The property is leased for a term of 10 years with effect from 1 September 2022. There is a tenant break and rent review at the end of year 5.

EPC - F139

Housing Tenure

Type of Tenure

Not Provided

Location of 203-205 Mill Street

Newtownards is a town at the head of Strangford Lough, 10 miles from Belfast city centre and 5 miles from Bangor. The subject is located on Mill Street with neighbouring occupiers including Ards Shopping Centre, Ards Bus Station, Eurospar Hardford Link, Strangford Arms Hotel, Asda, McDonald’s and Iceland. The property benefits from good transport links to nearby towns and cities. The property is near numerous local amenities including shops, schools and Blair Mayne Leisure Centre.

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