Timed Online Auction

27 January 2022, 10am-3pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 23-27 Ballymoney Street, Let Peacocks Investment, Ballymena, County Antrim, BT43 6AL

SUBSTANSTIAL commercial premises situated in Ballymena town centre. LET to Peacocks on 5 Year Lease agreement. IMMEDIATE RENTAL INCOME OF 32,500 per annum.

SUBSTANTIAL SIZED PROPERTY. Tenanted ground floor unit extends to approx. 8,500 Sq. Ft with vacant separate office space above extending to approx. 950 Sq. Ft realistic rental potential of 10,000P/A.

Currently LET at 32,500 PER ANNUM to Peacocks on 5 Year lease from July 2021. IDEAL INVESTMENT OPPORTUNITY in PRIME spot in busy town centre. ***PREVIOUSLY LET at 65,000 PER ANNUM***

Nearby occupiers include TK Maxx, Caffe Nero, Boots, Semichem, Marks and Spencer, The perfume shop and Starbucks coffee. EXCELLENT TRADING LOCATION.

The town of Ballymena is the market centre for the surrounding countryside it lies in the River Main valley 24 miles northwest of the city of Belfast. HIGH FOOTFALL IN BUSY TOWN CENTRE.

SUBSTANSTIAL commercial premises situated in Ballymena town centre. LET to Peacocks on 5 Year Lease agreement. IMMEDIATE RENTAL INCOME OF 32,500 per annum. Currently LET at 32,500 PER ANNUM to Peacocks on 5 Year lease from July 2021. IDEAL INVESTMENT OPPORTUNITY in PRIME spot in busy town centre. SUBSTANTIAL SIZED PROPERTY. Tenanted ground floor unit extends to approx. 8,500 Sq. Ft with vacant separate office space above extending to approx. 950 Sq. Ft. 1st floor unit that is self contained with its own access. This unit has a rental potential of 10,000 pa. Nearby occupiers include TK Maxx, Caffe Nero, Boots, Semichem, Marks and Spencer, The perfume shop and Starbucks coffee. EXCELLENT TRADING LOCATION. The town of Ballymena is the market centre for the surrounding countryside it lies in the River Main valley 24 miles northwest of the city of Belfast. HIGH FOOTFALL IN BUSY TOWN CENTRE.

Ballymena is a town in County Antrim, and the eighth largest in Northern Ireland. It is part of the Borough of Mid and East Antrim. The town is the market centre for the surrounding countryside.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 5 year lease
Rent: 32,500 per year / 2,708 per month
Yield: 10% (approx)
Tenant: Company
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £289,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 27 January 2022, 10am-3pm
Type: Timed Online Auction

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