An excellent opportunity to acquire this mixed-use investment property in the heart of Killyleagh village, occupying a prominent site, amongst a varied mix of new and well-established businesses including Winemark, Spar, Maxol petrol station, to name but a few.
The property currently comprises of two ground floor retail units and two first floor apartments, three of which are currently let. One retail unit is let to ‘Killyleagh Catch' fish and chip shop, whilst the two first floor apartments are let. The investment is currently producing a rental income of £21,200 per annum with the potential of increasing this to circa £35,000 per annum, subject to the remaining ground floor unit (formerly Hot Cross Bakery) being let.
Killyleagh village is becoming an increasingly popular area with its choice of local boutiques, coffee shops and restaurants, not to mention its proximity to Strangford Lough, which boasts a wealth of water sports and beautiful coastal walks. The surrounding towns of Downpatrick, Killinchy and Comber are all close by, whilst the edge of Belfast is approximately 30 minutes' drive away.
Wood laminate floor; fluorescent lights; suspended ceiling; PVC clad walls; open through to :-
Non slip floor; fluorescent lights; suspended ceiling; single drainer stainless steel industrial sink; PVC clad walls.
Non slip floor; fluorescent light.
Low flush wc; wash hand basin; suspended ceiling; fluorescent light; PVC clad walls.
Double doors to Catherine Street.
783 Sqft Approximately
Telephone entry system.
TV and telephone connection points; built in storage cupboard.
Good range of modern wood laminate high and low level cupboards and drawers incorporating single drainer stainless steel sink unit with mixer tap; integrated 'Logik' electric under oven with 'Logik' 4 ring ceramic hob; concealed extractor fan over; formica worktop; tv aerial connection point; uPVC double doors to enclosed paved patio area.
Modern white suite comprising:- panelled bath with mixer taps; 'Redring' electric shower unit with wall mounted telephone shower attachment; fitted glass shower screen; pedestal wash hand basin with mono mixer tap; low flush wc; part tiled walls; hotpress with insulated copper cylinder; extractor fan.
Enclose paved patio area; oil fired boiler.
Diffused fluorescent lighting; tv and telephone connection points; built in storage cupboard; wood laminate floor.
White suite comprising:- panelled bath with mixer tap and telephone shower attachment; pedestal wash hand basin with mixer tap; low flush wc; part PVC panelling to bath area; hotpress with insulated copper cylinder; 'Velux' ceiling window.
Good range of wood laminate high and low level cupboards and drawers incorporating single drainer stainless steel sink unit with mixer taps; electric under oven with 4 ring hob; concealed extractor fan with canopy over; space and plumbing for washing machine; formica worktops; part tiled walls.
Enclosed paved patio area; oil fired boiler.
Non slip floor; fluorescent lights; range of floor level cupboards; formica worktops; single drainer stainless steel sink unit with mixer taps.
Tiled floor; built in cloak cupboard.
Concrete floor; fluorescent lights; PVC wall cladding; built in cold room (8'8 x 6'0).
'Velux' ceiling windows; double doors to rear yard.
Low flush wc; wall mounted wash hand basin with corner mixer tap; tiled floor.
Communal concrete yard with double doors to Catherine Street.
1,311 Sqft (Approximately)
12 Catherine Street - Currently let out to Killyleagh Catch Fish and Chip Shop - Rent £230 per week (Exclusive)
14A Catherine Street - Currently let out at £450 per calendar month for a period of 12 months, commencing 7th July 2021.
14B Catherine Street - Currently let out at £395 per calendar month, the lease is currently operating on a periodic basis.
16 Catherine Street - Currently vacant.
12 Catherine Street - Total NAV £4,700 = Rates Payable £2,439.16 per annum (approx)
14A Catherine Street - Capital Value £70,000 - Rates Payable £604.87 per annum (approx)
14B Catherine Street - Capital Value £60,000 - Rates Payable £518.46 per annum (approx)
16 Catherine Street - Total NAV £5,800 = Rates Payable £3,010.03 per annum (approx)
PLEASE NOTE:- All prospective purchasers should make their own enquiries to confirm the NAV/Capital Values/Rates Payable.
All prices etc are exclusive of, but may be subject to VAT.
Assumed Freehold / Long Leasehold
* Click boxes to display surrounding locations
Disclaimer: The following calculations act as a guide only, and are based on a typical repayment mortgage model. Financial decisions should not be made based on these calculations and accuracy is not guaranteed. Always seek professional advice before making any financial decisions.