FOR SALE
133 High Street
Holywood
BT18 9LG
Excellent Fully Let Retail / Office Investment
LOCATION
The building is situated in a prominent position on High Street, Holywood with its range of shops, coffee shops and restaurants plus extensive housing within walking distance. Neighbouring occupiers include Centra, Mauds Ice Cream, The Yard, Solo Hair, ERSI, Holywood Mortgage Centre and Hooked.
DESCRIPTION
This is an excellent fully let building over 3 floors plus 3 car park spaces. The ground floor is let as a nail bar and is finished to include aluminium double glazed shop front, tiled flooring, suspended ceilings with wall mounted air conditioning unit and CCTV.
The upper floor offices are also well finished to include solid flooring overlaid with carpets, plastered and painted walls, suspended ceilings with recessed and diffused lighting.
Viewing: By appointment with Sole Agent
+44 (0)28 9131 3830
Click here to download a pdf brochure
ACCOMMODATION
Ground Floor Unit – c.817 sq.ft. (75.9 sq.m.)
plus W.C.
First Floor – c.777 sq.ft. (72.2 sq.m.)
plus W.C.
Second Floor – c.468 sq.ft. (43.5 sq.m.)
plus W.C.
Total Accommodation – c.2,082 sq.ft. (191.6 sq.m.)
PRICE: Seeking offers around £450,000 excl.
LEASE DETAILS:
Ground floor
Let on a Ten year lease from 1st Dec 2024 at £16,000 p.a. Rising to £17,000 in year 2 and £18,000 in years 3-5.
First and Second floors Let at £11,000 p.a.
Tenant is overholding.
ERV £14,000 p.a.
A sale at the ERV would give give an attractive NIY of c.7% allowing for standard purchaser’s costs.
TITLE:
Assumed Freehold/Long Leasehold
VAT:
The property is not registered for VAT, so VAT is not chargeable on the sale price.
RATES:
113a (Ground Floor) NAV – £17,100
133b (First Floor) NAV – £7,850
133c (Second Floor) NAV – £3,550
EPC: C-69