Lot 02 - 26-28 New Street, 24 Townhall Lane, Donaghadee, Co Down, BT21 0AF

  • Unconditional Online Auction Sale
  • Maximum Reserve : £250,000

Maximum Reserve: £250,000

Fully let town centre investment

  • Mixed use town centre investment sale
  • Fully let producing £25,240 per annum
  • Prime town centre location

Location

The property is located in the heart of Donaghadee which is a small town in County Down. It lies on the northeast coast of the Ards Peninsula, about 18 miles (29 km) east of Belfast and about six miles (10 km) south east of Bangor.

Description

The investment comprises a mid terrace three storey building. There are two self contained ground floor units, first floor accommodation each accessed off New Street and to the rear off Townhall Lane is the second floor one bedroom apartment.

Accommodation

The investment comprises the following:

Esperanto Takeaway - 646 sqft (60 sqm)
Body & Soul Beauty Clinique - 839 sqft (77.95 sqm) LPS measurement
The Dee Caf - 570 sqft (53 sqm)
Apartment - 515 sqft (48 sqm) - One Bedroom

Tenancy

The entire property comprises three commercial tenants and one residential tenant.

Annual passing rents as follows:
Esparanto - £7,200
Body & Soul - £5,500
The Dee Caf - £7,800
Apartment - £4,740

Leases are available in the Title Pack.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack.
No. 26 - C63
No. 26a - E123
No. 28 - C68
No. 24 - D59

Viewing

Contact Osborne King’s Auction Team.

VAT

All figures quoted are exclusive of and may therefore be liable to VAT.

Title

Please refer to vendor’s solicitor for Title Pack or download from the iOK Auction website (www.iokauction.com).

Land and Property Services Rates Assessment

Net Annual Values
No. 26 - £5,650
No. 26a - £3,100
No. 28 - £5,250

Capital Value
No. 24 - £60,000

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Security Deposit

£10,000

Buyer's Administration Fee

£720

Maximum Reserve

£250,000

Vendors Solicitor

Gilbert Nesbitt, Wilson Nesbitt Solicitors, 33 Hamilton Road, Bangor, BT20 4LF
028 9127 1035

Agreement Documents

Additional Documents

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