203-205 Mill Street, Newtownards, County Down, BT23 4JE
£40,000
Description & Features
- Investment Property
- Sold Subject to Tenancy
The subject property consists of two adjoining end terrace units with retail/showroom accommodation at ground floor level. The first floor has been sealed off. The property has a pitched roof with smooth render finish on the walls and benefits from two electric roller shutters. It is finished to include solid floor overlaid with carpet and vinyl, plastered and painted walls plus fluorescent strip lighting.
Tenancy
The property is currently occupied and trading as Silverwing at a rent of £3,600 per annum. The property is leased for a term of 10 years with effect from 1 September 2022. There is a tenant break and rent review at the end of year 5.
EPC - F139
Housing Tenure
Type of Tenure
Not Provided
Location of 203-205 Mill Street
Newtownards is a town at the head of Strangford Lough, 10 miles from Belfast city centre and 5 miles from Bangor. The subject is located on Mill Street with neighbouring occupiers including Ards Shopping Centre, Ards Bus Station, Eurospar Hardford Link, Strangford Arms Hotel, Asda, McDonald’s and Iceland. The property benefits from good transport links to nearby towns and cities. The property is near numerous local amenities including shops, schools and Blair Mayne Leisure Centre.
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