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90-91 The Promenade 4,747 sq ft 100% Let Retail Property Portstewart BT55 7AG £450,000 (£94.80/sq ft)
Investment Highlights
- Excellent Investment Opportunity comprising 2 Retail Units and 2 Office Units
- The property is well known locally as it is home to the towns Post Office and has a lot of pedestrian traffic as such on a daily basis
- Generating a Rental Income of £28,250 per annum
Executive Summary
The subject property comprises 2 no. retail units at ground floor level with 2 no. office units at first floor level current occupants include a Post Office Counter and Beautician at ground floor level and a construction company and community charity organisation at first floor level in the office units seeing the building fully occupied .
The current rental income that this investment property generates is passing at a rental income of £28,250 per annum.
The current rental income that this investment property generates is passing at a rental income of £28,250 per annum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
4,747 sq ft
Costar Property Class
B
Year Built
1960
Price
£450,000
Price per sq ft
£94.80
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
2.00
Total Plot Size
0.05 ac
Frontage
46 ft on The Promenade
Amenities
- Storage Space
- Smoke Detector
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90-91 The Promenade
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