Lot 19 - 61 High Street, Newtownards, County Down, BT23 7HS

  • Unconditional Online Auction Sale
  • Guide Price* : £55,000

Guide Price* : £55,000

Town centre commercial building

  • Two storey building
  • Ideal buy to let or owner occupier opportunity
  • Sold with the benefit of vacant possession

Location

The property is located in the centre of Newtownards. Newtownards is located at the northern tip of Strangford Lough approximately 10 miles (16 km) east of Belfast. It is located within Ards & North Down and the town had a population in the 2011 Census of 28,039 people. The building is located on High Street close to its junction with Castle Place. Neighbouring occupiers include Russells, Menary's and NFU Mutual.

Description

This is a mid terrace two storey commercial building of traditional construction covered with a pitched slate roof. The property was previously occupied as a clothes shop with finishes to include glazed shop front, electric roller shutter, recessed lighting, electric lighting and carpet flooring. A WC is located to the rear. The first and attic floors are in need of refurbishment throughout and have only restricted access.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - E123

Land and Property Services Rates Assessment

Net Annual Value: £8,950
Rate in the £ for 2018/2019: £0.557373

Accommodation

1 2 3 4 5
Ground Floor 88.5 sq m 953 sq ft
First Floor (Restricted Access) 47.8 sq m 514 sq ft
Attic 21.0 sq m 226 sq ft

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Security Deposit

£5,000

Buyer's Administration Fee

£1,200

Guide Price*

£55,000

Vendors Solicitor

Colin Haddick, Russell & Co, 11 Lower Mary Street, Newtownards, BT23 4JJ
028 9181 4444

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* 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.