FOR SALE
RETAIL INVESTMENT AND RESIDENTIAL DEVELOPMENT OPPORTUNITY
MOAT HOUSE, 963-969 UPPER NEWTOWNARDS RD, DUNDONALD
LOCATION
Prominent Location on the main Upper Newtownards Road in the heart of the densely populated Dundonald village, close to the junction with Church Road. The Ulster Hospital, an ASDA Supermarket and a McDonalds Drive Thru are all located nearby. The property is located approximately 6 miles east of Belfast City Centre and 4 miles from Newtownards Town Centre
DESCRIPTION
Modern 2 Storey building with 3no Retail units at ground floor, producing £66,000pa. The 4th retail unit and the first floor, are in shell condition but benefit from planning permission for 2 no 1 bed apartments at ground floor and 5 no 2 bed apartments at first floor. (Ref: Y/2015/0008/F, LA05/2020/0020/NMC, LA05/2020/0753/F). Conversion works on the first floor have commenced, with stud walls erected outlining the 5 apartments.
ACCOMMODATION
The following approximate areas have been calculated:
Description
Ground Floor
Retail Unit 1 (Medicare) 2,078 sq ft 193.05 sq m
Retail Unit 2 (G & S Hair) 883 sq ft 82.04 sq m
Retail Unit 3 (Bupa Dental Care) 1621 sq ft 150.5 sq m
Apartment 7 (Studio) 440 sq ft 40.87 sq m
Apartment 6 (Studio) 398 sq ft 36.97 sq m
First Floor
Apartment 5 889 sq ft 82.58 sq m
Apartment 4 821 sq ft 76.27 sq m
Apartment 3 845 sq ft 78.50 sq m
Apartment 2 890 sq ft 83.80 sq m
Apartment 1 806 sq ft 74.88 sq m
TENANCY SCHEDULE
1 A & FA Dundee Medicare 25 years 30/4/2007 29/04/2032 £38,000 pa
2 Patton & Collins G&S Hair 3 years 1/10/2022 30/09/2025 £8,000 pa
3 Oasis Dental Care Ltd Bupa Dental Care 15 years 06/09/2010 05/09/2025 £20,000 pa
Total £66,000 pa
NAV
We have been advised by Land & Property Services of the below NAV’s :
Unit 1 £21,100
Unit 2 £9,600
Unit 3 £18,000
Rate Poundage 2023/2024 £0.526146
EPC’s
No 963: 106E/56C
No 963A: 66C
No 965: 78D
No 967: 65C
SALES DETAILS
Offers over £985,000
TITLE
Freehold or long leasehold subject to a nominal ground rent.
VAT
Prices, outgoings and rent do not include VAT which may be chargeable.
VIEWING
Strictly by appointment through Campbell Cairns (Tel: 028 9024 9024).
