For Sale 19/21 Bow Street, Lisburn BT28 1BJ Prime Retail Investment in City Centre Location - TDK Property
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
For Sale commercial
property
consultants
19/21 Bow Street, Lisburn BT28 1BJ 028 9024 7111
www.tdkproperty.com
Prime Retail Investment in City Centre Location
database rights 2016. OS 100019885
Copyright and confidentiality Experian, 2016. © Crown copyright and
50 metres
• Centrally located within the retail pitch
• Prime retail location
• Three storey retail property with a net
internal area of 3,866 sq. ft. (359.20 sq. m.)
• Current Net Rental Income of £40,000 per
annum
• We have been instructed to seek offers in
the region of £575,000 (Five Hundred and
Sevventy Five Thousand Pounds) reflecting
Lisburn (NI)
a net initial yield of 6.62%.
LOCATION
The City of Lisburn is located approximately 10 miles south west of Belfast and is
easily accessible off the M1 Motorway.
The city has the largest population in Northern Ireland after Belfast, which is
estimated to be in the region of 110,000.
Lisburn has always been regarded as being one of the strongest retailing locations
www.experian.co.uk/goad | goad.sales@uk.experian.com | 0845 601 60
in Northern Ireland and is particularly renowned for its popular pedestrianised city
centre and abundance of car parking.
Bow Street is the City Centre’s prime high street retail pitch with occupiers including
Boots the Chemist, Easons, River Island, Bon Marche, Green’s Supermarket,
Ulster Bank, Nationwide etc.
The subject property occupies an excellent position on the pedestrianised High
For more information on our products and servic
Street pitch benefitting from high levels of passing footfall, access to car parking
and close proximity to Bow Street Mall Shopping Centre.
Experian Goad Plan Created: 13/09/20
Created By: CBRE Limi
commercial
property
consultants
028 9024 7111
FOR SALE - 19/21 Bow Street, Lisburn BT28 1BJ www.tdkproperty.com
DESCRIPTION
• Prominent 3 storey retail investment property benefiting from 29ft of retail frontage
• Fitted out to a high standard
• Let to Edinburgh Woollen Mill Ltd
• Prime position onto Bow Street at the centre of the retail pitch
• Nearby occupiers include Greens Supermarket, Tesco Express, Argento,
Bob & Berts and River Island
• Internal area extending to 359.20 sq. m (3,866 sq. ft.)
• Rental growth potential at rent review
ACCOMMODATION DETAILS
The property has been measured in accordance with the RICS Code of Measuring Practice
(6th Edition) and provides the following areas:
Floor Sq. m. Sq. ft.
Ground 170.36 1834
First 102.97 1108
Second Floor 85.87 924
TOTAL 359.20 3866
LEASE DETAILS
Tenant Edinburgh Woollen Mill Ltd
Start Date 13/07/2011
Term 10 years
Expiry Date 12/07/2021 TENANT COVENANT INFORMATION
Rent £40,000 per annum The Edinburgh Woollen Mill has 265 mainstream high street stores, 89
speciality tourist shops and 27 destination sites throughout the UK.
Rent Review 13/07/2016 (notice served)
For the year ended 28th February 2015 the Edinburgh Woollen Mill Ltd
Repairs Full repairing and insuring lease
reported a turnover of £166.23m, a pre-tax profit of £24.938m and a net
Break Clause 13/07/2019 worth of £125.59m.
commercial
property
consultants
028 9024 7111
FOR SALE - 19/21 Bow Street, Lisburn BT28 1BJ www.tdkproperty.comEPC
The property has a current EPC rating of 101.
(Ref No: 0090-0136-5049-3578-5002).
TITLE
We have been advised that the property is held by
way of freehold or long leasehold tenure.
VAT
The building is VAT registered.
PROPOSAL
We are instructed to seek offers in excess of
£575,000 (Five Hundred and Seventy Five Thousand
Pounds Sterling) exclusive.
A purchase at this level would reflect a net initial
yield of 6.62%, an excluding VAT and assuming
purchaser’s costs at 5%.
VIEWING AND FURTHER INFORMATION
Contact Mark McKinstry
Tel 028 9089 4060
Mobile 07342 034828
Email mark.mckinstry@tdkproperty.com
Contact: Stephen Deyermond
Tel: 028 9089 4065
Mobile: 07968 727196
Email: stephen.deyermond@tdkproperty.com
commercial
property
consultants
TDK for themselves and for the Vendors or Lessors of the property whose agents they are give notice that; i) these particulars are given without responsibility of TDK or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers
or tenants, and do not constitute the whole or any part of an offer or contract; ii) TDK cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any
prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; iii) no employee of TDK has any authority to make or give any representation
028 9024 7111
www.tdkproperty.com
or warranty or enter into any contract whatsoever in relation to the property; iv) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if
necessary by taking appropriate professional advice; v) TDK will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.You can also read
