The property is located in the heart of Donaghadee which is a small town in County Down. It lies on the northeast coast of the Ards Peninsula, about 18 miles (29 km) east of Belfast and about six miles (10 km) south east of Bangor.
The investment comprises a mid terrace three storey building. There are two self contained ground floor units, first floor accommodation each accessed off New Street and to the rear off Townhall Lane is the second floor one bedroom apartment.
The investment comprises the following:
Esperanto Takeaway - 646 sqft (60 sqm)
Body & Soul Beauty Clinique - 839 sqft (77.95 sqm) LPS measurement
The Dee Caf - 570 sqft (53 sqm)
Apartment - 515 sqft (48 sqm) - One Bedroom
The entire property comprises three commercial tenants and one residential tenant.
Annual passing rents as follows:
Esparanto - £7,200
Body & Soul - £5,500
The Dee Caf - £7,800
Apartment - £4,740
Leases are available in the Title Pack.
An Energy Performance Certificate (EPC) will be available as part of the legal pack.
No. 26 - C63
No. 26a - E123
No. 28 - C68
No. 24 - D59
Contact Osborne King’s Auction Team.
All figures quoted are exclusive of and may therefore be liable to VAT.
Please refer to vendor’s solicitor for Title Pack or download from the iOK Auction website (www.iokauction.com).
Net Annual Values
No. 26 - £5,650
No. 26a - £3,100
No. 28 - £5,250
Capital Value
No. 24 - £60,000
* 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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