SALE AGREED
62-64 High Street
Belfast
BT18 9AE
Prime Investment Opportunity
This attractive building is situated in a prime location in Holywood town centre and comprises: 2 ground floor retail units let to strong tenants: 62 is recently let to Nutmeg Health, a local business with multiple outlets; 64 is let to British Red Cross. The upper floors comprise a public house with full liquor license (which is included in the sale). This pub formerly traded as the Frisky Bear and has been recently vacated.
Current rent payable on ground floor shops is £29,500 p.a. Purchasers should take their own professional advice as to the potential rental income from the licensed premises.
Client may consider a separate sale of the public house on first and second floors.
Viewing: By appointment with Sole Agent 028 9131 3830
PRICE £675,000
VAT
Client advises that VAT is applicable to sale price and rents.
LEASES
Copy leases available on request. Basic details as follows:
62 High Street
Tenant – Nutmeg Online Limited
Term – 10 years from 1 August 2022
Rent – £13,000 per annum (from 1 August 2022)
£14,500 per annum (from 1July 2024)
Review – 1 July 2027
64 High Street
Tenant – British Red Cross
Lease – 10 years from 31 January 2020
Current Rent – £16,500 per annum
Break – Tenant has option to break on 31 January 2025
Review – 31 January 2025
SIZE
62 High Street
Retail – 986 sq.ft. (91.6 sq.m.)
Kitchen – 75 sq.ft. (7.0 sq.m.)
Staff Room – 63 sq.ft. (5.9 sq.m.)
Utility – 63 sq.ft. (5.9 sq.m.)
W.C.
64 High Street
Retail – 821 sq.ft. (76.3 sq.m.)
Kitchen
Disabled W.C.
1st/2nd Floors, 62-64 High Street
First Floor
Bar & Lounge – 852 sq.ft. (76.3 sq.m.)
Pool Room – 268 sq.ft. (24.9 sq.m.)
Kitchen/Store – 255 sq.ft. (23.7 sq.m.)
Ladies and Gents W.C.’s
Second Floor
Bar – 336 sq.ft. (31.2 sq.m.)
Office – 256 sq.ft. (23.8 sq.m.)
Access to Roof Terrace/Beer Garden
EPCs
62 High Street
B-45
64 High Street
B-45
Upper Floors 62-64 High Street
C-65