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137/139 Longstone Street & 1A/1B Warren Gardens, Lisburn, BT28 1ET

£ 200000 Sale Agreed
for
137/139 Longstone Street & 1A/1B Warren Gardens, ,
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McQuoids are delighted to offer this investment opportunity to acquire four income generating properties located in Lisburn. All properties are currently let with a total rental income of £18,650 per annum.
137 Longstone Street – Butcher

Size: 56.6 sqm / 610 sqft

Rent: £5,750 per annum

Lease: Holding over

NAV: £5,200

139 Longstone Street – Chinese takeaway

Size: 70 sqm / 755 sqft

Rent: £6,240 per annum

Lease: Holding over (new 10 yr lease, with upward only rent reviews at 3 yr intervals, verbally agreed at £7,500 per annum)

NAV: £4,950

1a Warren Gardens – Hairdresser

Size: 32.2 sqm / 347 sqft

Rent: £3,060 per annum

Lease: Holding over

NAV: £1,450

1b Warren Gardens – tattoo artist

Size: 34.8 sqm / 374 sqft

Rent: £3,600 per annum

Lease: 5 year lease expires 30th April 2022

NAV: £1,550

Total rental income: £18,650 per annum (£19,910 once new lease agreed for 139 Longstone Street)

Tenants are responsible for payment of rates.

Viewing strictly by appointment through McQuoids. EPC reports available on request.

Excellent income producing investment opportunity
Ground floor units consisting of butcher and Chinese takeaway
First floor units consisting of hairdresser and tattoo artist
Fully let and generating a gross income of £18,650 per annum
Sales Area:
25.5 sqm / 275 sqft
Prep:
14.6 sqm / 157 sqft
Store (corrugated roof)
16.5 sqm / 177 sqft
W.C
Sales Area:
25.3 sqm / 272 sqft
Prep:
10.9 sqm / 117 sqft
Store:
29.7 sqm / 320 sqft
Store:
4.2 sqm / 45 sqft
W.C
Sales Area:
29.5 sqm / 318 sqft
Teapoint:
2.7 sqm / 29 sqft
W.C
Sales Area:
27.6 sqm / 297 sqft
Teapoint:
7.1 sqm / 77 sqft
W.C

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