EXCELLENT RETAIL PREMISES WITH SPACIOUS APARMENT AND LARGE COMMERCIAL PREMISES TO REAR
This substantial property occupies a prominent location on the town’s Main Street and comprises a mid terrace 3-storey property providing retail accommodation on the ground floor and residential accommodation on the upper floors.
To the rear, with access from Valentia Place, there is a 2-storey commercial unit, currently used as storage, but suitable for alternative uses (subject to any necessary consents).
Newcastle is a premier seaside town of Northern Ireland, with buoyant tourism and leisure industries. The town is located about 30 miles from Belfast and 25 miles from Lisburn and Newry. The property is located on the Main Street, within the town’s main retail core. Neighbouring occupiers include Great Jones Restaurant, Wadsworths, First Trust Bank, Superdrug and DV8, and a variety of established local businesses.
The property comprises a substantial three story building which currently provides retail accommodation on the ground floor, with a three bedroom self contained apartment on the upper floors. The two storey commercial premises to the rear benefit from vehicular access from Valentia Place.
The property has been measured in accordance with the RICS Code of Measuring Practice, all areas being net internal and approximate:
Retail Sales : 1005 sq ft (93.5 sq m)
Stores : 589 sq ft (55 sq m)
Office and Kitchen : 81 sq ft (7 sq m)
Commercial Premises To Rear (2-storey) : 1200 sq ft (112 sq m)
Entrance Porch Tiled flooring, cornicing.
Living Room 21’1” x 17’1” (6.4m x 5.2m) - Feature fireplace with tiled inset and hearth, bay window.
Kitchen 17’1” (5.2m x 3.35m) - High and low level units, laminate worktops, stainless steel sink unit, plumbing for washing machine.
No. 1 Bedroom 17’0” x 11’0” (5.18m x 3.35m)
No. 2 Bedroom 12’9” x 12’0” (3.88m x 3.65m)
No. 3 Bedroom 18’0” x 13’0” (5.48m x 3.96m)
No. 4 Bedroom/Study 10’” x 7’0” (3.0m x 2.1m)
Showerroom Shower cubicle, vanity unit, tiled flooring.
WC Tiled flooring.
We have been advised the property is held under a 200 year lease from 1st May 1885.
We have been advised by the Land and Property Services website of the following Net Annual Value (NAV) information:
No. 57: N.A.V: 14,200.00. The annual rates for 2019/2020 are £8,271.54.
No. 57A: CV: £70,000. The annual rates for 2019/2020 are £592.69
Strictly by appointment with Selling Agent.
Disclaimer: The following calculations act as a guide only, and are based on a typical repayment mortgage model. Financial decisions should not be made based on these calculations and accuracy is not guaranteed. Always seek professional advice before making any financial decisions.