1B Main Street, Ballynahinch


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FOR SALE

1B Main Street, Ballynahinch

Investment

Prominent Town Centre Investment Opportunity

Property Highlights • Modern retail premises.

For more information, please contact: Mark McCaul 028 9023 3455 [email protected]

• Let to Savers Health & Beauty Ltd. • Rent of £16,000 p.a.x. • Asking price: £160,000 exclusive, subject to contract.

DTZ McCombe Pierce LLP 5 Oxford Street Belfast BT1 3LA Telephone: +44 (0)28 9023 3455 Fax: +44 (0)28 9023 3444 Website: www.dtzmcp.com William McCombe BBS MRICS Michael Pierce BSc MRICS Peter McMorran FRICS Dip Prop Inv ACIArb Colin McDowell BSc (Hons) FRICS Robert Toland BSc (Hons) MRICS DTZ Sherry FitzGerald NI Limited DTZ (Northern Ireland) Limited

FOR SALE

1B Main Street, Ballynahinch Location

Title

Ballynahinch is a busy market town situated approximately 15 miles south of Belfast on the A24 Belfast to Newcastle Road.

Assumed freehold.

The subject property occupies an excellent position with significant frontage onto Main Street which is the primary retail pitch for the town. Occupiers in the immediate area include Ulster Bank, Poundland and Café Rossi Bistro.

VAT Please note all prices, rentals and outgoings are quoted net of VAT which may be chargeable.

Price £160,000 exclusive, subject to contract.

Description The subject property comprises a modern single storey retail premises, finished externally to include rendered walls, pitched slate roof and aluminium framed glazed shopfront.

A purchase at this level reflects a net initial yield of approximately 9.73% after purchasers costs of 2.8%.

EPC

Internally it is arranged to provide modern retail accommodation with ancillary storage, office, kitchen and wc facilities. It has been finished to an excellent standard throughout to include tiled flooring, suspended ceilings with recessed fluorescent strip lighting and air conditioning. The property also benefits from access to a rear service yard.

Accommodation The property provides the following approximate area:

Ground floor

Sq Ft

Sq M

3,080

286

Lease Details Tenant

Savers Health and Beauty Ltd t/a Savers.

Term

4 years from the 2nd June 2014.

Rent

£16,000 per annum exclusive.

Repairs

Full repairing and insuring terms save for structural or inherent defects.

Covenant Details Savers Health and Beauty Ltd t/a Savers have approximately 237 stores throughout the UK including 14 in Northern Ireland. Savers are part of the AS Watson Group whose parent company is CK Hutchison Holdings Ltd (formerly Hutchison Whampoa Ltd), a multinational conglomerate whose brands include Superdrug, The Perfume Shop and 3 Mobile. For the year ending December 2013 Savers had a turnover of approximately £247 million and an operating profit of approximately £9 million.

“DTZ McCombe Pierce LLP (and its subsidiaries and their joint Agents where applicable) for themselves and for the vendors or lessors of this property for whom they act, give notice that: (I) these particulars are a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whol e or any part of an offer or contract; (ii) DTZ McCombe Pierce LLP cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves as to their accuracy; (iii) no employee of DTZ McCombe Pierce LLP (and its subsidiaries and their joint Agents where applicable) has any authority to make or give any representation or warranty or enter into any contract whatever in relation to the property; (iv) rents quoted in these particulars may be subject to VAT in addition; (v) DTZ McCombe Pierce LLP (and its subsidiaries where applicable) will not be liable, in negligence or otherwise, for any loss arisi ng from the use of these particulars; and (vi) the reference to any plant, machinery, equipment, services, fixtures or fittings at the property shall not constitute a representation (unless otherwise stated) as to its state or condition or that it is capable of fulfilling its intended function. Prospective purchasers/tenants should satisfy themselves as to the fitness of such items for their requirements.”