The property is located in the heart of Larne Town Centre which is situated on the east coast of County Antrim. The town benefits from a large passenger and freight port with a population of 18,853 at the 2021 census. Its is located 23 miles from Belfast.
The prominent Tescos investment proeprty is located on Main Street within the main commericial district of the town.
The two storey mid terrace property provides a ground floor retail store which is fitted to a modern standard. There is a first floor which provides further anicllary accommodation.The property benefits from a large enclosed yard.
Ground Floor 2,227 sq ft (206.9 sq m)
First Floor 2,303 sq ft (214 sq m)
A 20 year lease term with effect from 7th February 2013 at an annual passing rent of £51,729.56. The lease is subject to 5 yearly rent reviews. The rent reviews are RPI linked collared and capped at 1% and 4% respectively.
An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - D97.
Convenience Store
All figures quoted are exclusive of and may therefore be liable to VAT. Opted for VAT.
Please refer to vendor’s solicitor for Title Pack or download from the OK Auction website (www.osborneking.com/online-auctions).
Net Annual Value: £18,000
Estimated rates payable for 2025/2026: £12,534
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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