22-24 Market Square, Lisburn

Former Bank Premises

Price £325,000



Property Details


For Sale

Lisburn City is situated approximately 10 miles southwest of Belfast and is the third largest city in Northern Ireland. With a district population of c. 135,000 persons (2011 Census), it is strategically located just off just off the M1 motorway which along with its excellent rail links, ensures its popularity as a commuter hub whilst it also benefits from a strong manufacturing and warehouse/distribution sector.

The subject property is situated on the pedestrianised part of Market Square at the upper end of Bow Street which together form the traditional city centre core. The rail station and numerous public carparks are also with a few minutes walk. Occupiers in the locality include The Irish Linen Museum, Smyth Patterson Department Store, River Island, Greens Food Fare and Jeffers Home Bakery.

The subject property comprises a substantial mid-terrace, two-storey building of traditional construction, with a pitched slate roof and a brick & painted render two-storey (plus basement) flat roofed rear return. The front elevation is clad in cut stone with timber panelling, whilst there is a partially glazed recessed shopfront. An enclosed pedestrian entry from Market Square leads to a large rear carpark which is laid in tarmac and provides parking for c. 17 cars. Vehicular access is via Wardsborough Road.
Internally the ground floor is arranged to provide an open plan former banking hall/office area with a strong room, private office, store rooms, staff kitchen and WCs. Access to the basement store is via the rear storeroom, whilst the stairwell to the first floor is situated at the front of the building and benefits from separate external access from Market Square.

The first floor is arranged in part to provide a modern open plan office, private office and boardroom to the front, whilst the remainder of the first floor leading to the rear provides a number of rooms in need of modernisation and which had previously been used as a dental practice.

Internal fit out includes:

- Plastered & painted walls.
- Tiled, carpeted & vinyl floor coverings.
- Part plastered, part suspended ceilings.
- Range of recessed and surface mounted fluorescent strip and spot lighting.
- Oil fired central heating.
- Partial air-conditioning.

The premises provides the following approximate net internal areas:

Basement: 172.22 sqft (16.00 sqm)
Ground Floor: 2,575.93 sqft (239.31 sqm)
First Floor: 2,382.83 sqft (221.37 sqm)
Total: 5,130.98 sqft (476.68 sqm)

*WCs reflected

The property occupies a site area of approximately 0.26 acres (0.104 ha).

We are advised that the property is Freehold.

We have been advised by Land & Property Services that the Net Annual Value is £51,300 resulting in rates payable of approximately £25,938 for the year 2021/22, based on Rate in £ of 0.505616.

Offers in the region of £325,000 exclusive, subject to contract.

We are advised that the property is not elected for VAT.


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