TOWN CENTRE RETAIL PREMISES WITH FORMER DWELLING ABOVE

A prominent three storey retail building in the centre of Newcastle, which would be suitable for variety of uses (STPP). The property comprises ground floor retail space with the upper floors currently used for storage but previously used as residential accommodation (in need of refurbishment).  The upper floors may be suitable for a variety of uses subject to planning.

Location:  Newcastle is a premier seaside town of Northern Ireland, with buoyant tourism and leisure industries.  The town is located about 30 miles from Belfast and 25 miles from Lisburn and Newry.  The property is located on the Main Street, within the town’s main retail core.

Description:  The property comprises a substantial three story building which currently provides retail accommodation on the ground floor with storage currently on the upper floors.  The upper floors were previously occupied as a dwelling but would require refurbishment.

Accommodation:  The retail premises extend to approximately  750 square feet (70 square metres) and has been measured in accordance with the RICS Code of Measuring Practice, all areas being net internal and approximate:

Retail Sales : 365 square feet (34 square metres)

Office: 50 square feet (4.6 square metres)

Stores: 200 square feet  (18.6 square metres)

Kitchen: 105 square feet  (9.8 square metres)

WC

First & Second Floors:

Entrance Hall

Room 1: 9’5” x 8’8”

Room 2: 15’5” x 13’10”

Room 3: 12’6” 8’7”

Room 4: 9’5” x 8’8”

Room 5: 15’5” x 13’10”

Room 6: 12’6” x 8’7”

Bathroom & WC

Title:  We have been advised the property is freehold.

Rates:  We have been advised by the Land and Property Services website that the current Net Annual Value (NAV) of the commerical premises (No. 88) is £5,500.  The annual rates are approximately £3,222.00.   The upper floors (No. 86) are assessed as residential accommodation and their Capital Value (CV) is £70,000.  The annual rates for the upper floors is currently £680.00.

PLEASE NOTE: The premises are offered subject to contract, availability and confirmation of details.  Unless otherwise stated, all prices quoted are exclusive of Value Added Tax.  These particulars are issued on the understanding that all negotiations are conducted through this firm.  All measurements quoted are approximate and are for general guidance only. The location plan is identification and convenience purposes only.  Any  fixtures, fittings, services, heating systems, appliances or installations referred to in these particulars have not been tested and therefore no guarantee can be given that they are in working order.  Photographs have been produced for general information and it cannot be inferred that any item shown is included with the property.