FOR SALE PRIME OFFICE INVESTMENT 13 MARKET PLACE LISBURN BT28 1AN

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Samuel Dixon
5 years ago
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1 FOR SALE PRIME OFFICE INVESTMENT 13 MARKET PLACE LISBURN BT28 1AN

Summary Prime retail premises fronting directly onto Castle Lane - Situated in an extremely prominent City Centre location close to the entrance of Bow Street Mall Let to Abbey Insurance Brokers Ltd

Location The City of Lisburn is the second largest population centre in Northern Ireland and has an estimated catchment population in excess of 500,000 persons within a 30-minute drive.

2 Summary Prime retail premises fronting directly onto Castle Lane - Situated in an extremely prominent City Centre location close to the entrance of Bow Street Mall Let to Abbey Insurance Brokers Ltd at a rent of 15,000 per annum with the tenant responsible for payment of a full service charge. Inviting offers in the region of 225,000. Location The City of Lisburn is the second largest population centre in Northern Ireland and has an estimated catchment population in excess of 500,000 persons within a 30-minute drive. The property is positioned fronting onto Market Place, a high profile location situated in the heart of Lisburn City Centre close to the entrance of Bow Street Mall Shopping Centre and Lisburn Square. Occupiers located within the immediate vicinity include Greggs, Caffé Nero, Trespass, Iceland and Danske Bank.

3 Description Wallace Buildings is an exciting retail/office development in the city of Lisburn, which has created an attractive linkage between the shopping areas of Bow Street Mall, Bow Street and Lisburn Square. The scheme has been developed considering the town s historic significance. The development successfully combines traditional Georgian and Victorian style architecture and aesthetics, whilst incorporating modern retail facilities. The development externally incorporates a combination of render and reconstructed stone together with aluminium rainwater goods and vertical sliding sash and timber windows. Internally the property has been finished to an exceptionally high standard to include a wooden style vinyl / part tiled flooring, plastered and painted wall finishes, suspended tiled ceiling with recessed fluorescent strip lighting, air conditioning and CCTV system.. Accommodation The approximate net internal areas are as follows:- Ground Floor 931 sq.ft sq.m First Floor 1,094 sq.ft sq.m Total 2,025 sq.ft sq.m Tenure The property is held by way of a Long Lease with the benefit of the occupational lease in place to Abbey Insurance Brokers Limited. EPC C65. Tenancy The main lease terms are as follows:- Tenant: Abbey Insurance Brokers Limited Lease Term: 15 years from 20th November 2015 Rent: 15,000 per annum Rent Review: The Landlord has the right to review the rent as at 20th November 2018 and every 3rd year hereafter. Option to Break: Tenant has an option to terminate the lease on 19th May Service Charge: Tenant pays Service Charge due to Head Landlord estimated to be 2,511 per annum. Management Fee: Tenant pays Managing Agent s Fees calculated at 5% plus VAT of the annual rent payable. VAT As the property is registered for VAT, there will be VAT payable on the sale. Price Seeking offers in the region of 225,000. Viewing Strictly by appointment with the sole selling agents. Frazer Kidd T: E: mail@frazerkidd.co.uk

4 VACANT VACANT THE MONEY SHOP

6 For further information please contact: Brian Kidd M: E: Neil Mellon M: E: Telfair House, 87/89 Victoria Street, Belfast, BT1 4PB T: F: E: W: Disclaimer Frazer Kidd LLP for themselves and for the vendors of this property whose agents they are, give notice that (I) The particulars are set out as a general outline for the guidance of intending purchasers or lessees, and do not constitute part of an offer or 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 any intending purchasers or tenants 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 employment of Frazer Kidd LLP has any authority to make or give representations or warranty whatever in relation to this property.

FOR SALE - PRIME RETAIL INVESTMENT LET TO GREGGS PLC 85 BOW STREET LISBURN BT28 1BJ

FOR SALE - PRIME RETAIL INVESTMENT LET TO GREGGS PLC Summary Situated in a prime City Centre location at the corner of Bow Street and Market Place, Lisburn. Let to Greggs Plc by way of a 10-year lease