|Address||1 Conway Square & 1-7 Frances Street, Newtownards|
|Price||Asking price £325,000|
Newtownards is one of Northern Ireland leading provincial towns, located 10 miles east of Belfast. The subject is prominently positioned front Conway Square which is the main retail area in Newtownards. It benefits from a high level of passing pedestrian footfall. Nearby occupiers include Specsavers, Cafe Nero, Post Office, Stewart Millar and Gordons Chemists.
The property consists of a substantial part three storey building let to a mixture of well-established local businesses, with frontages to Conway Square, Frances Street and Lower Mary Street.
The building comprises five tenants producing a total gross income of £33,400 per annum, all on varying lease agreements. Potential asset management opportunity to maximise potential. For further information please contact the office.
Subject to tenancies and planning the overall site area of circa 0.06 acres could be suitable for redevelopment.
Schedule of Accommodation
Unit Floor Area (sq ft) Tenant (Trading as) NAV *EPC Rating
1 Conway Square GF - 630, plus 1st & 2nd floor stores Photo Monkey £14,600 D96
1 Frances Street N/A Advertising Hoarding £600 N/A
1-3 Frances Street GF - 635 FF stores - 350 Del Piero's £10,600 F134
3a Frances Street GF - 135 Coles £2,350 E103
5 Frances Street GF - 140 Ards Locksmiths £2,350 E111
7 Frances Street GF -130 Midas Jewellers £2,350 D84
7b Frances Street FF - 310 Vacant £1,600 G265
* Full EPC copies available on request.
We are advised the property is held under freehold / long leasehold title.
We understand the property is not liable for VAT.
We are seeking offers in the region of £325,000 (Three Hundred and Twenty Five Thousand Pounds), subject to contract.
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