Former Bank Premises
Downpatrick is a busy market town situated approximately 22 miles south of Belfast with a resident population of c.10,800 (2011 Census) and a district population of c.20,000. It acts as the principal retail, commercial and administrative centre for a wide catchment area which includes Newcastle, Castlewellan, Ardglass, Strangford and Crossgar.
The subject property occupies a prime position on Market Street, immediately opposite the Grove Shopping Centre and in close proximity to the South Eastern Regional College, Translink Bus Centre, The Saint Patrick Centre and the towns main parking facilities. Occupiers in the locality include DV8, Savers, Poundland, Specsavers, O2, Murphys Bar and Lidl.
The subject property comprises a modern mid-terrace former bank premises of block & render construction with a pitched tiled roof. The front elevation is finished with decorative cut stone and painted render, with a full height glazed display window at ground floor and double-glazed powder coated aluminium frame windows at first floor.
To the rear is an enclosed yard accessed via St. Patricks Drive which could be used for parking and/or servicing the property.
Internally the ground floor is arranged to provide an open plan former banking hall/office area with a strong room and two private offices whilst the first floor provides a large open plan office, comms room, private office, staff kitchen, storerooms and WC facilities.
Internal fitout includes:
- Plastered & painted walls.
- Tiled, carpeted & vinyl floor coverings.
- Part plastered, part suspended ceilings.
- Range of fluorescent strip, spot and wall-mounted lighting.
- Gas fired central heating.
- Partial air-conditioning.
The premises provides the following approximate internal areas:
Ground Floor: 1,860.24 sqft (172.82 sqm)
First Floor: 1,033.99 sqft (96.06 sqm)
Total: 2,894.23 sqft (268.88 sqm)
The property occupies a site area of approximately 0.13 acres (0.054 ha).
We are advised that the property is held Long Leasehold. Please contact the agent for further details.
We have been advised by Land & Property Services that the Net Annual Value is £23,000 resulting in rates payable of approximately £11,936 for the year 2021/22, based on Rate in £ of 0.518970.
Offers in the region of £180,000 exclusive, subject to contract.
We are advised that the property is not elected for VAT.