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Agreed
Commercial Investment
40 & 42 Bridge Street
banbridge, BT32 3JU
from
£180,000
- Status Sale Agreed
- Property Type Commercial Investment
-
Stamp Duty
Higher amount applies when purchasing as buy to let or as an additional property£0 / £9,000*
Key Features & Description
Two Retail Units let to Local Hair and Beauty Business, Little Eve's Salon and Fast Food Chinese Take-Away Restaurant, Red Dragon
Rent passing: No. 40 Little Eve's Salon £8,000 No. 42 Red Dragon £9,900 per annum
No. 40: 588 sq. ft No 42: 1,522 sq ft
High Profile Location in the Heart of Banbridge Town Centre
Longstanding, Well Known and Successful Tenants
No. 40 has been Recently Refurbished
Excellent Investment Opportunity
Full Lease Information Available Through Agent
Unexpired Lease Term Remaining: Little Eve's Salon Lease Expiry 21st April 2029, Red Dragon 21st May 2032
Description
A rare opportunity to acquire two excellent commercial units on the prime pitch of Banbridge Town Centre. The units are let to well known and performing local businesses providing a gross rental income of £17,900 per annum on attractive long term leases. Occupying a substantial site on Bridge Street, the premises boast high visibility thanks to a gable return leading to the public car park at Downshire Place. An attractive high yielding investment opportunity not to be missed.
A rare opportunity to acquire two excellent commercial units on the prime pitch of Banbridge Town Centre. The units are let to well known and performing local businesses providing a gross rental income of £17,900 per annum on attractive long term leases. Occupying a substantial site on Bridge Street, the premises boast high visibility thanks to a gable return leading to the public car park at Downshire Place. An attractive high yielding investment opportunity not to be missed.
Rooms
No. 40 Let to Little Eve's Salon
Ground Floor: 28 sqm (301 sq. ft.)
First Floor: 26.6 sqm (286 sq. ft.)
Lease Summary:
Rent £8,000 per annum payable monthly in advance
Tenant responsible for rates and insurance
Lease expiry April 2029
Tenant responsible for internal repairs and maintenance only
No. 42 Let to Red Dragon Chinese Take-Away
Ground Floor: 80 sqm (864 sq. ft.)
First Floor: 61 sqm (658 sq. ft.)
Lease Summary:
Rent £9,900 per annum payable monthly in advance
Tenant responsible for rates
Lease expiry 21st May 2032
FRI Lease i.e. Tenant responsible for all repairs and reimbursing landlord's insurance premium
Property Location
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40 & 42 Bridge Street, banbridge, BT32 3JU
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