1-3 Main Street, Larne, Antrim, BT40 1LQ

Asking Price

£600,000

Typical Mortgage

per month

Investment Property

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Description & Features

Long term lease to Apache Pizza franchisee.
Mixed use investment occupying a prime town centre pitch, comprising 2 hot food units, 2 residential apartments and 1 commercial unit.
Comprehensively and sympathetically refurbished to include new shop fronts and windows.
Producing a net rental income of £64,292 per annum.

The subject is an iconic mixed use building dating back to 1840 with many architecturally striking features, many of which have been retained, including original sash windows and shutters. The property was sympathetically refurbished in 2022. Comprising a total of 4,500 sq ft, the property is fully let to include 2 retail units with hot food consent and 2 luxury apartments and a commercial unit. An ATM and coffee kiosk have also been incorporated to provide additional income.

Location of 1-3 Main Street

Larne, which has a district population of c. 30,000 persons, is a busy provincial town on the eastern coast of Co. Antrim c. 25 miles north of Belfast and 20 miles east of Ballymena. It accommodates one of the Province’s busiest ro-ro ports with up to 38 ferry arrivals/departures daily to Scotland and England providing freight and domestic services with both traditional and fast ferries. The subject property is prominently located on Larne’s prime retail pitch and is within walking distance of Laharna Retail Park, home to Lidl, B&M and Argos. Other occupiers in the vicinity include Tesco Express, McDonalds, Woodsides, Superdrug and Halifax Bank.

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