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57-59 High Street 11,492 SF 100% Leased Retail Building Newtownards BT23 7JA $667,791 ($58.11/SF)
Investment Highlights
- Located approximately 10 miles east from Belfast City Centre
- Highly prominent position on High Street
- Redevelopment potential
Executive Summary
Blend of immediate income and future development potential, located in a sought-after and well-connected area. At 57 High Street, Newtownards, one unit is currently let to Property Management Services (N.I) Limited at an annual rent of £22,850, with the lease running until 31 March 2035 and a break option on 31 March 2030, subject to six months’ written notice. The second unit is vacant, with a quoting rent of £45,000 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront Retail/Office
Building Size
11,492 SF
Building Class
C
Year Built
1960
Price
$667,791
Price Per SF
$58.11
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.53
Lot Size
0.50 AC
Amenities
- Mezzanine
- Signage
1 1
Nearby Major Retailers
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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57-59 High Street
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