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203-205 Mill St

518 SF 100% Leased Retail Building Newtownards BT23 4LN $71,300 CAD ($138 CAD/SF) 9% Cap Rate

Retail Space Co Down Newtownards 203-205 Mill St, Newtownards, CDN BT23 4LN

Investment Highlights

  • Newtownards is a town at the head of Strangford Lough, 10 miles from Belfast city centre
  • The property is near numerous local amenities including shops, schools and Blair Mayne Leisure Centre
  • The property benefits from good transport links to nearby towns and cities

Executive Summary

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.
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.

Attachments

Marketing Brochure/Flyer

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
518 SF
Year Built
1960
Price
$71,300 CAD
Price Per SF
$138 CAD
Cap Rate
9%
NOI
$6,417 CAD
Percent Leased
100%
Building Height
1 Story
Frontage
38 ft on Mill Street

Amenities

  • Signage
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+44 28 9027 0016

  • Listing ID: 33850085

  • Date on Market: 2024-11-13

  • Last Updated:

  • Address: 203-205 Mill St, Newtownards BT23 4LN

The Retail Property at 203-205 Mill St, Newtownards, BT23 4LN is currently available For Sale. Contact Osborne King for more information.

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203-205 Mill St
+44 28 9027 0016 x

203-205 Mill St

Mark Carron

+44 28 9027 0016

+44 28 9027 0016

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