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170-178 Church Road Newtownabbey, BT36 6HA

Retail
Offers over £500,000
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Features

  • Investment Opportunity
  • Fully Let Retail Scheme
  • Diverse tenant line-up
  • Prominent location in Glengormley Town Centre
  • Annual Income c. £41,300 pa
  • Seeking offers in excess of £500,000
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Additional Information

170-178 Church Road, Glengormley


FOR SALE - MULTI-TENANT INVESTMENT OPPORTUNITY

170 – 178 Church Road, Glengormley, BT36 6HA

 

INVESTMENT SUMMARY

  • Fully-let retail investment situated in the heart of Glengormley
  • The property is situated in a prominent location fronting onto Church Road at the junction on the Antrim Road.
  • The property extends to approximately 2,300 Sq Ft (213.68 Sq M) across 5 units on a site measuring c. 0.1 acres (0.04 hectares).
  • All five units are let currently producing a total income of £41,300 per annum
  • We are seeking offers in the region of £500,000 (Five Hundred Thousand Pounds) exclusive of VAT and subject to contract. An acquisition at this level would reflect a net initial yield of 7.82% after purchasers costs of 5.63%

LOCATION

Glengormley is located approximately 3.5 miles from Belfast City Centre, 1 mile from the Sandyknowes junction of the M2 Motorway providing ease of access to Belfast City Centre, as well as the wider motorway network. As a result, Glengormley is known as a popular commuter location with a significant residential population.

The property is situated in a prominent location fronting onto Church Road at the junction on the Antrim Road.

Close-by occupiers include Mortgage IQ, Ulster Property Sales and Copius Group Recruitment.

 

DESCRIPTION

The property comprises a substantial ground floor commercial property fully let to 5 different units.

Construction is of flat roof construction and part pitched and exterior wall of red brick.

TITLE

We assume the property is held Freehold/ Long Leasehold.

 

VAT

All prices are quoted exclusive of VAT, which may be payable.

 

ASKING PRICE 

We are seeking offers in the region of £500,000 (Five Hundred Thousand) exclusive of VAT and subject to contract. An acquisition at this level would reflect a net initial yield of 7.82%, after purchasers costs of 5.63%.

VIEWING ARRANGEMENTS

For further information or to arrange a viewing, please contact - 
 
Alison McClean
Tel. 07885 603066
Email. alison@hannath.com

or Joint Agent

Jamie Morrow 
Tel. 07553 386509
Email. jamie@frazerkidd.co.uk  



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