FOR SALE
RETAIL INVESTMENT OPPORTUNITY
(BUSINESS UNAFFECTED)
4 BOW STREET
LISBURN
BT28 1BN
SUMMARY
• Property investment opportunity situated in the heart of Lisburn City Centre
• Let to Hays Travel Ltd on a 10 year lease from 20 December 2019 at a current annual rent of £26,700pax rising to £29,000pax in December 2022.
• Hays Travel is the largest independent travel retailer in the UK operating for 40 years.

LOCATION
• Lisburn is strategically located on the Belfast – Dublin corridor and accordingly is well served by major road (M1) and rail networks.
• Bow Street is recognised as the City’s prime retailing pitch; it is a pedestrianised street linking Market Square and Bow Street Mall.
• Nearby occupiers on Bow Street include Tesco Express, Boots, Specsavers, Holland & Barrett and B&M.

DESCRIPTION
The property comprises a mid terraced 2 storey building benefitting from a frontage to Bow Street of c19 ft (5.8m). The ground floor is used for sales purposes whilst the first floor provides ancillary storage and staff accommodation.

ACCOMMODATION
Ground Floor 1091 sq ft 101.35 sq m
First Floor 230 sq ft 21.37 sq m

TENANCY INFORMATION
• The property is let in its entirety to Hays Travel Ltd on a 10 year lease from 20 December 2019 at £26,700pax rising to £29,000pax on 20 December 2022.
• The lease is subject to an upward rent review and tenant break
option at 20 December 2024.
• Repair – Tenant responsible for internal repair. Landlord responsible for repairing, maintaining, and decorating the structure, foundations and exterior of the property.
A copy of the lease is available upon request.

RATING INFORMATION
We are advised by Land and Property Services of the following
information:-
NAV – £14,000. Rate poundage Lisburn & Castlereagh 2021/22 –
£0.505616. Rates payable – £7,078.62.

SALES DETAILS
Title – Freehold or long leasehold subject to a nominal ground rent.
Price – Offers over £325,000
At £325,000 the net initial yield is 7.95% with a reversionary yield of
8.64% in December 2022; assuming purchaser’s costs of 3.27%.

VAT
We are advised the property is not registered for VAT.

VIEWING
Strictly by appointment through Campbell Cairns.
Please contact:-
Jeremy Cairns – jeremy@campbellcairns.com or Mobile 07803 722 899
Emily Law – emily@campbellcairns.com or Mobile 07703 809 256

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