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57-59 High Street 11,492 sq ft 26% Let Retail Property Newtownards BT23 7JA £550,000 (£47.86/sq ft)

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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.

ATTACHMENTS

Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront Retail / Office
Property Size
11,492 sq ft
Costar Property Class
C
Year Built
1960
Price
£550,000
Price per sq ft
£47.86
Occupancy Rate
26%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.53
Total Plot Size
0.50 ac

AMENITIES

  • Mezzanine
  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • POSITION
  • AVAILABLE
  • Ground
  • 7,224 sq ft
  • Retail
  • In-Line
  • Now

The subject property comprises of a large open plan floor space with two mezzanine floors, W/C, kitchenette, storage, a yard to the rear of the property with rear vehicle access. The property is finished to a good standard to include an electric roller shutter, a range of carpeted and wooden flooring, a suspended ceiling with integrated fluorescent strip lighting. The premises would potentially be suitable for a variety of commercial uses, subject to any required statutory planning consents.

Space Size Space Use Position Available
Ground 7,224 sq ft Retail In-Line Now

Ground

Size
7,224 sq ft
Space Use
Retail
Position
In-Line
Available
Now

Ground

Size 7,224 sq ft
Space Use Retail
Position In-Line
Available Now

The subject property comprises of a large open plan floor space with two mezzanine floors, W/C, kitchenette, storage, a yard to the rear of the property with rear vehicle access. The property is finished to a good standard to include an electric roller shutter, a range of carpeted and wooden flooring, a suspended ceiling with integrated fluorescent strip lighting. The premises would potentially be suitable for a variety of commercial uses, subject to any required statutory planning consents.

NEARBY MAJOR RETAILERS

Caffè Nero
Santander
Tim Hortons
Tesco Extra
Crossfit
Starbucks
Costa Coffee
ASDA
Iceland
  • Listing ID: 37959295

  • Date on Market: 06/10/2025

  • Last Updated:

  • Address: 57-59 High Street, Newtownards BT23 7JA

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