Two Prime Commercial Investment Properties
(May be sold individually)
Two substantial commercial properties with excellent frontage unto Market Square situated in a prominent location adjoining Bow Street, main shopping street in the city centre with a variety of national and local retailers in neighbouring units.
1. No.41 - 43 Market Square Lisburn
Spacious accommodation of approximately 186 sqm (2000 sq ft) over three floors.
Ground Floor - 108 sqm (1163 sq ft)
First Floor - 42 sqm (452 sq ft)
Second Floor - 36 sqm (387 sq ft)
This unit is presently let to Cancer Focus Northern Ireland on a 10 year lease from 1st August 2023 at an initial rent of £10,000 pa for years 1 and 2 and £12,000 pa for years 3 and 5 with a rent review after year 5. There is a break date of 31st December 2027 - copy of lease on request.
There is a shared rear vehicular access to the rear.
Total Net Annual Value £13,500.00
2. 45-47 Market Square Lisburn
Spacious Modern Office Accommodation over two floors totalling 266 sqm
(2863.2 sq ft)
Ground Floor - 141 sqm (1522 sq ft)
First Floor - 125 sqm (1345 sq ft)
There is a shared yard to rear with six car parking spaces.
Total Net Annual Value £16,200
This property which was formally the First Trust Bank in Lisburn and is now let to Everybody Loans Ltd on a 10 year lease from 29th January 2018 at a rental of £26,500 pa. The break clause of 29th January 2023 has now lapsed. Rent review after 5 years which was not exercised.
Offers are invited for both properties as a whole or individually.
Further details from Fred or Andrew Dalzell.
N.B. These properties if amalgamated with adjoining properties may be suitable for redevelopment (subject to planning permission).