COMMERCIAL
Osborne King
COMMERCIAL PROPERTY CONSULTANTS The Metro Building 6-9 Donegall Square South Belfast BT1 5JA Tel: 028 9027 0000 Fax: 028 9027 0011 E-mail:
[email protected]
028 9027 0000
www.osborneking.com
REAR YARD/SHEDS
FOR SALE INVESTMENT/DEVELOPMENT OPPORTUNITY (CURRENTLY INCOME PRODUCING)
10-14 CHURCH STREET DOWNPATRICK BT30 6GJ www.osborneking.com
LOCATION Downpatrick is a busy market town in Co. Down situated approximately 21 miles south of Belfast via the A7 and A24. The property is prominently located just off the town centre with good frontage to Church Street. The surrounding area comprises mainly of commercial users with adjacent occupiers including Brooks Building Supplies and St. Margaret’s Church. DESCRIPTION The asset comprises a vacant three storey former licensed premises with an adjoining three storey commercial building and single storey furniture showroom with a total frontage of approximately 100 ft. to Church Street. The three storey buildings are of traditional construction with timber pitched roof covered in natural slate. Four warehouse units are provided to the rear with access provided off Church Street via an archway. A concrete covered yard provides ample car parking. The total site area is approximately 0.65 acres. ACCOMMODATION The property has been measured in accordance with the RICS Code of Measuring Practice Sixth Edition, all areas being approximate:SQ.M.
SQ.FT.
238.46 54.77 41.89 15.12 350.24
2,566 590 451 163 3,770
14 Church Street Gross External Area (Vacant - no access)
191.76
2,064
Workshop 1 & 2 Workshop 3 Workshop 4
300.42 109 162.28
3,234 1,173 1,746
10-12 Church Street
Ground Floor First Floor Second Floor Third Floor
TENANCY/INCOME DETAILS PROPERTY
TENANCY DETAILS
Unit 10A & 10B Church Street
Currently let to Seymour Dugan Interiors at an annual rent of £10,400 exclusive for a period of 6 years from 14 May 2011.
Workshop 1
Currently let on a 9 month licence agreement at £300 p.c.m. T/a Marks Furniture Store.
Workshop 2
Currently let on a 9 month licence agreement at £300 p.c.m. T/a Cash for Clothes. Workshop 3 & 4 Currently let on a 9 month licence agreement at £390 p.c.m. T/a Seymour Dugan Interiors. Currently the property is producing a gross annual income of £22,280.
www.osborneking.com
RATES We have been advised by the Land and Property Services website of the following rating information:NAV 10-12 Church Street Workshops 1 & 2 Workshop 3 Workshop 4
ESTIMATED ANNUAL RATES PAYABLE
£17,500 £7,650 £5,200 £3,200
£10,423 £4,556 £3,097 £1,905
The current rate in the £ for 2013/2014 is £0.5956. PLANNING/DEVELOPMENT OPPORTUNITY The property would be suitable for future redevelopment and had planning permission previously granted for demolition of existing buildings and erection of 26 no. apartments and retail space. Planning Ref: R/2006/0997/F - this expired May 2013. The entire site is located within the town centre boundary as identified in the Draft Ards and Down Area Plan 2015 and is zoned for no specific use. Interested parties are advised to make their own enquiries in this regard. VAT All prices quoted are exclusive of and therefore may be liable to VAT. PRICE Offers in the region of £150,000 exclusive. TITLE We understand that the property is held freehold/long leasehold. FURTHER INFORMATION Thomas Osborne / Matthew Neill-McCready Osborne King Tel: 028 9027 0000 E-mail:
[email protected] [email protected]
www.osborneking.com
EPC
OS PLAN
LOCATION MAP
COMMERCIAL PROPERTY CONSULTANTS The Metro Building 6-9 Donegall Square South Belfast BT1 5JA Tel: 028 9027 0000 Fax: 028 9027 0011 E-mail:
[email protected]
Misrepresentation Act 1967. The premises are offered subject to contract, availability and confirmation of details. The particulars do not form part of any contract and whilst believed to be correct, no responsibility can be accepted for any errors. None of the statements contained in the particulars are to be relied upon as statements of fact any attending purchasers or lessees must satisfy themselves by inspection or otherwise as to the correctness of those statements. The vendors or lessors do not make or give Osborne King and Megran Limited or any person in its employment, any authority to make or give any representation or warranty whatsoever in relation to this property. Unless otherwise stated, all prices and rentals quoted are exclusive of any Value Added Tax to which they may be subject. These particulars are issued on the understanding that all negotiations are conducted through this company. Osborne King & Megran Limited. Registered in Northern Ireland No. 27969. Registered Office: The Metro Building, 6-9 Donegall Square South, Belfast, BT1 5JA. Any maps / Plans based on the Ordnance Survey Map with the sanction of the controller of H.M. Stationery Office Crown Copyright Reserved Licence No. CS 369. This plan is for convenience only. Its accuracy is not guaranteed and shall not be deemed to form part of any contract.. Reproduced with the consent of Goad Cartographers Ltd, Old Hatfield.
