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

L

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

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

.

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 belfast@okt.co.uk

CONTACT: IAIN MCCABE | iain.mccabe@okt.co.uk

Our Ref: IMcC/JP/8063