Location/Description

Newtownards is one of Northern Irelands leading provincial towns, located 10 miles east of Belfast. The subject is prominently positioned fronting Conway Square which is the main retail area in Newtownards. It benefits from a high level of passing pedestrian footfall. Nearby occupiers include Specsavers, Cafe Nero, Post Office, Stewart Miller and Gordons Chemists.
The property consists of a substantial part three storey building let to a mixture of well-established local businesses, with frontages to Conway Square, Frances Street and Lower Mary Street.

Tenancy Details
The building comprises of six tenants producing a total gross income of £33,400 per annum, all on varying lease agreements. Potential asset management opportunity to maximise potential. For further information please contact the office.
Subject to tenancies and planning the overall site area of circa 0.06 acres could be suitable for redevelopment.

Schedule of Accommodation

Unit                         Floor Area (sq ft)                                 Tenant (Trading as)  NAV  *EPC Rating
1 Conway Square    GF - 630, plus1st & 2nd floor stores     Photo Monkey      £14,600      D96
1 Frances Street       N/A                                                  Advertising Hoarding  £600         N/A
1-3 Frances Street   GF - 635     FF stores - 350                 Del Piero's            £10,600    F134
3a Frances Street    GF - 135                                              Coles                    £2,350     E103
5 Frances Street      GF - 140                                             Ards Locksmiths    £2,350      E111
7 Frances Street      GF -130                                              Midas Jewellers      £2,350      D84
7b Frances Street    FF - 310                                              Vacant                   £1,600     G265
TOTAL                    2,330 sq ft

*Full EPC copies available on request

Title

We are advised the property is held under freehold /  long leasehold title.

VAT

We understand the property is not liable to VAT

PROPOSAL

We are seeking offers in the region of £325,000 (Three hundred and twenty five thousand pounds), subject to contract