1 & 1A Church Square, Rathfriland, County Down, BT34 5PT

From

£200,000

Typical Mortgage

per month

5 Beds

5 Bathrooms

1 Reception

Apartment / Flat

Contact Agent

Shooter Property Services

Description & Features

Well Fitted Cafe / Take-away with Self Contained Residential Accommodation Above

A rare opportunity to acquire a substantial and well maintained premises in a high profile location in Rathfriland. The opportunity comprises a well fitted and long established fast-food take-away and cafe to ground floor (fixtures, fittings and goodwill included) and a self contained block of five number bedsits to first and second floors, three of which are let and providing day one income. For sale at an attractive price offering good value on a price per square foot basis. Commercial element and residential element could be split and sold separately if required. An early viewing is recommended.

Substantial and Prominent Corner Site with Accommodation over Three Floors plus Basement Stores
Ground and Basement - Well Established Take-Away Business 'Cod on the Corner' Includes Land & Buildings, Fixture & Fittings and Goodwill
First & Second Floor - Five no. Bedsits with Communal Kitchen Suitable for HMO licence (subject to approvals)
Three Bedsits Currently Let and Income Producing £16,800 per annum
Ground Floor Take-Away 921 sq. ft. Basement 307 sq. ft.
First & Second Floor Residential 1,199 sq. ft.
High Profile Premises Situated in the Heart of Rathfriland's Church Square
Excellent Opportunity to Acquire a High Yielding Investment Opportunity with Asset Management Potential
Premises Can be Split if Required - Residential Element and Commercial Element Price on Application
Full details including Business Accounts Available on Application

Room Measurements

Ground Floor and Basement - Commercial: Fully fitted ground floor take-away 921 sq. ft. and basement storage 307 sq. ft. All fixtures and fittings included comprising extensive range of fryers, oven, cold storage etc. Full inventory available on request. Bottled gas fitted.
First and Second Floors - Residential: 1,199 sq. ft. Five no. Bedsits with Communal Kitchen Suitable for HMO licence (subject to approvals). Three Bedsits are Currently Let and Income Producing £16,800 per annum.
Rates: 1 Church Square Comercial Unit NAV £4,800 Estimated rates payable 2024/25: £2,122 (includes 25% SBRR) 1A Church Square Residential Units Estimated rates payable 2024/25: £808.72
EPC: 1 Church Squae: C53 1A Church Square: C69
VAT: Outgoings are inclusive but may be liable to VAT.