The property is prominently located on the Newtownards Road. The Newtownards Road is one of the main arterial routes linking Belfast city centre with the east Down area and is approximately 2 miles (3km) from the city centre. The immediate area benefits from significant volumes of pedestrian and vehicular traffic flows.
The property is a two storey end terraced building of traditional block construction to include a flat asphalt covered roof. The property is secured by an electric roller shutter at ground floor and over the first floor bay window. Internally the property is fitted out to include suspended ceiling tiles, double glazed PVC windows, fluorescent strip lighting, tiled flooring, air conditioning, plastered/painted walls and male/female WC’s. The premises are used as a restaurant/hot food bar t/a Lydia's.
Restaurant Unit
1,574 sq ft (146 sq m)
The building is let to a restaurant t/a Lydia's at an annual net rent of £8,000 per annum. In addition, there is an advertising hoarding let to Exterion Media (UK) Ltd at £1,250 per annum exclusive.
An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - C70
Net Annual Value: £1,000 (Hoarding)
Net Annual Value: £6,900 (Shop)
Rate in the £ for 2018/2019: £0.602803
| 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|
| Ground Floor | 80.28 sq m | 864 sq ft | ||
| First Floor | 69.78 sq m | 751 sq ft | ||
| Total Area | 150.06 sq m | 1,615 sq ft | ||
* 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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