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Contact Tim Martin & Co (Comber)

Contact Tim Martin & Co (Comber)

Retail

50-52 Castle Street

comber, BT23 5DZ

offers around £160,000
  • Status For Sale
  • Property Type Retail
  • EPC Rating A10 -
  • Stamp Duty
    Higher amount applies when purchasing as buy to let or as an additional property
    £0 / £8,000*
  • Typical Mortgage
    Click price to use our mortgage calculator
EPC Rating

Key Features & Description

Excellent Mixed Use Investment Opportunity
Comprising Of 2 Retail Units And 1 Residential Apartment - Currently All Rented Out
Generating A Rental Income Of £13,950 Per Annum
Situated In The Heart Of Comber Village Amongst New And Well Established Businesses
Nearby Traders Include Post Office, Trait Coffee Shop, Indie Fude, Hardy´s Hardware And General Store And SuperValu
Newtownards (4 Miles) Killinchy (7 Miles) Dundonald (4 Miles) Belfast (8 Miles)
Description
An excellent opportunity to acquire this mixed-use investment portfolio situated in the heart of Comber village, amongst a mix of new and well established businesses. Nearby businesses include the Post Office, Trait Coffee shop, Indie Fude, Hardy´s Hardware and General Store and SuperValu, whilst many residential developments are also located close by.

The properties comprise of two retail units and a residential apartment, all of which are currently rented out and generating a rental income of £13,950 per annum.

Comber had a population of 9,071 people in the 2011 Census and is situated approximately 4 miles from Newtownards at the Northern end of Strangford Lough and approximately 8 miles from the edge of Belfast city centre. The village is thriving with a host of amenities to include local boutiques, coffee shops, pubs, restaurants, churches, and an excellent choice of primary and secondary schools, not forgetting the local farmer´s market.

Rooms

50 CASTLE STREET, COMBER
Entrance Glazed entrance door with side display windows.
Seating Area 213 Sqft approx; tiled floor.
Serving / Prep area 416 Sqft approx; tiled floor.
Kitchen 293 Sqft, tiled floor approx; separate wc with low flush and wall mounted wash hand basin.
Store 63 Sqft approx; tiled floor.
Total Area 985 Sqft approx.
52 CASTLE STREET, COMBER
Retail Area 208 Sqft approx; upvc entrance door; fluorescent lighting; telephone connection point.
Rear Retail 94 Sqft approx; fluorescent lighting.
Kitchen 49 Sqft approx; single drainer stainless steel sink unit with mixer tap; Heatrae and Sadia hot water tank; cupboard under; separate wc with low flush wc; wall mounted wash hand basin with mixer tap; extractor fan; pvc door to yard area.
Total Area 351 Sqft approx.
50a CASTLE STREET
Entrance Porch Glazed upvc entrance door; glazed door to:-
Entrance Hall Stairs to first floor.
Lounge 16'7 X 11'1 (5.05m X 3.38m) Cornice ceiling; telephone connection point.
Kitchen 11'1 X 8'2 (3.38m X 2.49m) Good range of high and low level cupboards incorporating single drainer stainless steel sink unit with mixer tap; space for electric cooker; space and plumbing for washing machine; space for fridge freezer; formica worktops; tiled walls.
Bedroom 1 9'2 X 9'0 (2.79m X 2.74m)
Bathroom 9'0 X 7'11 (2.74m X 2.41m) White suite comprising panelled bath with mixer tap; Triton Enrich shower with wall mounted telephone shower attachment; pedestal wash hand basin with mixer tap; low flush wc; hotpress with copper cylinder; part pvc wall panelling; vinyl floor; extractor fan.
Stairs To Second Floor
Store 16'8 X 9'7 (5.08m X 2.92m)
Store 6'6 X 6'4 (1.98m X 1.93m)
LEASE DETAILS
50 Castle Street Currently rented to Cousins Herd NI Ltd for a period of 2 years commencing 1 November 2024 at an annual rent of £8000.00 per annum.
50a Castle Street Currently tenanted at a rent of £250 per calendar month until 30 April 2024.
Total NAV NAV: £2350.00
52 Castle Street Currently rented to Home Start, Ards Comber and Peninsula Area for a period of 3 years commencing 1 August 2015 at an annual rent of £2950.00 per annum. The lease is currently operating on a 'holding over' basis.
RATES
50 Castle Street Total Nav : £4,600.00
Rates Payable : £2,492.00 per annum
50A Castle Street Capital Value : £80,000
Rates Payable : £696.96 per annum
52 Castle Street Rates Payable : T.B.C (currently exempt as property rented out to a charity)
NOTE Please note : All prospective tenants should make their own enquiries to confirm the NAV/rates payable.

Property Location

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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.

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Contact Tim Martin & Co (Comber)

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50-52 Castle Street, comber, BT23 5DZ 50-52 Castle Street, comber, BT23 5DZ

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