Extremely prominent retail and office building extending ...… · sculptures from ’The Lion, the...
Transcript of Extremely prominent retail and office building extending ...… · sculptures from ’The Lion, the...
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FOR SALE (In its entirety or in two lots) Extremely prominent retail and office building extending to c. 5,154 sq ft with short term income
442-448 Newtownards Rd, Belfast BT4 1HJ
LOT 1
LOT 2
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LOCATION / DESCRIPTION Newtownards Road is one of Belfast’s primary eastern arterial routes benefitting
from high volumes of passing vehicular and pedestrian traffic.
The subject occupies an extremely prominent location close to Connswater
Shopping Centre and Retail Park whose occupants include Argos, B&M Bargains,
Lidl, Poundworld, McDonalds and KFC.
Other occupants in close proximity include Wyse Byse, HSS Hire, Cash Converters,
Santander, Boots, Mackey opticians, East Side Visitor Centre, The Arches health
Centre and Holywood Arches Library.
The subject currently comprises two retail units with first floor stores / offices
(442-446 & 448) and an own door first floor office suite (442a) which has
potential for conversion to a residential apartment (subject to planning).
442-446 is currently trading as a clothing store and is well fitted to include glazed
c. 42 ft shop front, carpeted floors, strip fluorescent lighting and electric heating.
442a is currently fitted to include painted / plastered walls, double glazed
windows, carpeted floors, strip florescent lighting and electric heating with air
conditioning in two of the offices.
448 was most recently utilised as a beauty salon and is fitted to include glazed
shop front, part tiled / vinyl flooring, painted / plastered walls and electric heating.
The area has been revitalised by the recent £2,500,000 development of CS Lewis
Square to the rear of the building, a public space commemorating the Belfast
born Chronicles of Narnia creator, CS Lewis and featuring seven bronze
sculptures from ’The Lion, the Witch and the Wardrobe’. It is a stunning display
of public art located at the intersection of the Connswater and Comber Greenway
with the large square able to accommodate c. 2,000 people at public events.
The enclosed yard to the rear has potential to be utilised as car parking with
access via Manderson Street. (See Photo)
442-448 Newtownards Road, Belfast
Wyse Byse
Boots
McDonalds
CS Lewis Square Arches Health Centre
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442-446 NEWTOWNARDS ROAD
GROUND FLOOR
Retail Area (c. 42 ft frontage) c. 251 sq m (2,700 sq ft)
OUTSIDE
Yard with potential to provide parking for 3 cars accessed via Manderson Street
FIRST FLOOR
Stores c. 52 sq m (560 sq ft)
Office c. 8 sq m (87 sq ft)
Kitchen c. 10 sq m (111 sq ft)
2 no. WC’s
TOTAL c. 321 sq m (3,458 sq ft)
448 NEWTOWNARDS ROAD
GROUND FLOOR
Retail Area (c. 14 ft frontage) c. 47 sq m (510 sq ft)
FIRST FLOOR
Retail/Stores/Offices c. 38 sq m (406 sq ft)
TOTAL c. 85 sq m (916 sq ft)
442A NEWTOWNARDS ROAD (First Floor)
3 No. Offices c. 67 sq m (723 sq ft)
Kitchen c. 5 sq m (57 sq ft)
WC
TOTAL c. 72 sq m (780 sq ft)
LEASE DETAILS
442-446 Newtownards Road is currently let to Belmont Menswear on a 9
month licence from 1 June 2017 (expiring 28 February 2018) at a rental
equating to £15,600 per annum.
.
ACCOMMODATION
442 – 446 Newtownards road 442 – 446 Newtownards road
442A Newtownards Road
448 Newtownards Road 448 Newtownards Road
Manderson Street access to rear yard
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OKT for themselves and for the Vendors or Lessors of this property whose agents they are give notice that (i) the particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute, nor constitute part of, an offer at contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending purchaser or tenant should not rely on them as statements or
representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of O’Connor Kennedy Turtle has any authority to make or give any representation or warranty in relation to this property. (iv) OKT have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
PRICE Offers invited in the region of £315,000 for the entirety or £240,000 for LOT 1 and
£75,000 for LOT 2.
EPC F127
NAV We are advised by the Land and Property Service that the current NAV for the
subject is as follows:
442-446 £21,000
442a £5,100
448 £5,650
The commercial rate in the pound for 2017 / 2018 is £0.592681.
VAT All prices, outgoings etc are exclusive of, but may be subject to VAT.
FURTHER DETAILS O’Connor Kennedy Turtle
22 Adelaide Street
Belfast BT2 8GD
T +44 (0)28 9024 8181 | E [email protected]
CONTACT: IAIN MCCABE | [email protected]
Our Ref: IMcC/JP/8063