48 & 48A Bridge Street, Banbridge, County Down, BT32 3JU

Guide Price

£199,950

Typical Mortgage

per month

Apartment / Flat

Contact Shooter Property Services (Banbridge)

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Description & 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.

Room Measurements

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