3-5 Market Place & 4-8 North Street, Carrickfergus

LOCATION

Carrickfergus is situated on Belfast Lough and is one of the oldest towns in Ireland. The town lies approximately 11 miles north east of Belfast and is accessed via the A2 and M5 motorways.

 

Market Place is located in the main commercial/retail core of Carrickfergus and forms part of the pedestrianised retail area. Market Place is considered the focal point of the town centre and North Street is a pedestrianised laneway linking Market Place to Antrim Street.

 

DESCRIPTION

The subject property has frontages to both Market Place and North Street together with car parking at the rear. The property fronting Market Place is a three storey mid-terrace property with 2 ground floor retail units, 2 upper floors and ancillary storage/office accommodation. The ground floor retail units are occupied by Boots Pharmacy and Ollies Coffee Shop.

 

The properties in North Street comprise 2 mid-terrace 3 storey buildings which are boarded up and vacant.

 

ACCOMMODATION

Site area                                   0.277 acres                1,123 sq m

 

3 Market Place

GF Retail Unit (Boots)            1,753 sq ft               162.86 sq m

GF Retail Unit (Ollies)               704 sq ft                 65.40 sq m

GF Office (Castle Finance)        639 sq ft                 59.36 sq m

 

3-5 Market Place

FF Offices (N.Greeves)             321 sq ft                 29.82 sq m

FF Offices (Front)                     828 sq ft                 76.92 sq m

FF Offices (Rear)                    1,144 sq ft               106.28 sq m

FF Offices – Derelict               1,250 sq ft               116.13 sq m

2F Offices                                  801 sq ft                 74.41 sq m

Car park to rear

 

4-8 North Street

2 x 3 Storey buildings – Vacant                                                              

Site area approximately           2,500 sq ft               232.26 sq m

 

TENANCIES

A brief schedule of the current tenants within the building and their Lease terms are as follows :-

 

TENANT                           UNIT                   LEASE TERM                                    RENT                     COMMENTS

Boots UK                          GF Shop            10 year Lease from date of sale          £15,000 pax            Tenant break options at year 3 &5

Cheryl Watson t/a

Ollies Coffee Shop            GF Shop           5 years from 29.05.15                         £8,400 pax               

Castle Finance                  GF Office           Over-holding                                       £2,500 pax                In occupation since 1998

N. Greeves Solicitor          FF Office          Over-holding                                       £1,000 pax                 In occupation since 1989   

                                                      Total rental income is currently                  £26,900 pax  

               

TOWNSCAPE HERITAGE INITIATIVE

The subject property has been identified by Carrickfergus Townscape Heritage Initiative as a property which may be eligible for grant funding. Further information available upon request.

 

TENURE

Title – Freehold or long leasehold subject to a nominal ground rent.

Price – Offers in the region of £295,000

 

VAT

Prices, outgoings and rent do not include VAT which may be chargeable.

 

VIEWING

Strictly by appointment through Campbell Cairns (Tel:  028 9024 9024).

 

ENERGY PERFORMANCE CERTIFICATE

Ground Floor – Boots – C60             

Ground Floor – Ollies Cafe – D85

First Floor Front Office – F145

First Floor Rear and Second Floor Offices – F129

 

 

 

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