Excellent Multi-Let Investment Opportunity
Price £700,000
Share This:
Type
Status
Investment
For Sale
Location
Ballymena, a leading provincial town with a population of c.65,000 persons and a catchment of c.150,000 persons, is the commercial and administrative hub for the Mid & East Antrim Borough Council area. Situated approximately 28 miles north of Belfast, the town is well served by the road and rail network and is within easy reach of the Province's main airports and ferry terminals.
The property is situated on Henry Street close to the town centre with the full range of shopping facilities and local amenities such as Braidwater Retail Park, Boots Pharmacy, Lidl and the Seven Towers leisure centre close at hand. It also benefits from high levels of passing traffic and pedestrian footfall.
Description
The property comprises five commercial buildings which together occupy a regular shaped site extending to approximately 0.59 acres (0.24ha) with significant frontage onto Henry Street of approximately 48 metres (157 ft).
22-26 Henry Street - Modern mid terrace two-storey office building and ATM bunker, occupied by Beyond HR and Ulster Bank respectively. Providing a mix of open plan and cellular offices, they have been well finished internally and benefit from gas fired heating.
28 Henry Street - Vacant end terrace two-storey building of traditional construction providing cellular and open plan accommodation. To the rear there is an adjoining single storey, pitched roof store with electric roller shutter access, occupied by RJ Kerr Bakery.
30-32 Henry Street - Wholesale bakery building (occupied by RJ Kerr Bakery) of blockwork and pebble dash render construction with a pitched double skin roof, terrazzo and screed concrete floors with adjoining loading bays and stores benefitting from roller shutter access. There is also a concrete marshalling yard/parking area to the side.
34-36 Henry Street - End terrace two-storey retail unit (occupied by Leaf Designs) of traditional construction with painted render front and side elevations, pitched slate roof and aluminium frame double-glazed shopfront. Comprises a ground floor retail sales area with ancillary accommodation over both floors and benefits from oil fired central heating.
38 Henry Street - Mid terrace two-storey office building (occupied by Jim Allister MLA) of traditional construction with painted render, pitched slate roof and aluminium framed glazed shopfront. Provides a no. of offices with ancillary accommodation over both floors.
Please see attached marketing particulars for the Accommodation Schedule which provides the approximate area of each premises.
Tenancies
The four premises which are currently occupied produce a total annual rent of £62,492 per annum exclusive.
Please see attached marketing particulars for the Tenancy Schedule which provides a breakdown of the individual tenancies.
Title
We are advised that the property is part Freehold and part Fee Farm Grant.
Price
Offers in the region of £700,000 exclusive, subject to contract.
EPCs
No. 22-26: G155 / No. 28: E109 / No. 30-32: G205 / No. 34-36: C67 / No. 38: C67
Copies of the full certificates are available on request.
VAT
We are advised that the property is not elected for VAT.
