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17 William Street, Cookstown, BT80 8AX

For sale Guide Price £285,000
"featured property", 4800 sq. feet

Brochures

Download Brochure Brochure (PDF, 547KB)

Key Information

PriceGuide Price £285,000
StatusFor sale StyleShop

Description

SUBSTANTIAL COMMERCIAL PREMISES WITH LIVING ACCOMMODATION ABOVE IN A TOWN CENTRE LOCATION

EXCELLENT MIXED COMMERCIAL/RESIDENTIAL INVESTMENT OPPORTUNITY          (FULLY OCCUPIED) WITH POTENTIAL TO INCREASE RENTAL YIELD 

* CIRCA 4,800 SQ.FT.
* CONSTRUCTED DURING 1989
* RETAIL SPACE EXTENDS OVER TWO FLOORS
* SELF-CONTAINED TWO BEDROOM APARTMENT
* SHARED PARKING AREA TO REAR WITH TWO ALLOCATED SPACES
* ELECTRIC ROLLER SHUTTERS TO FRONT
* SECURITY ALARM SYSTEM FITTED

Description
Opportunity to acquire a prominent and substantial commercial premises located on the main street in the heart of Cookstown. It is situated adjacent to many well established local businesses and other well-known names including Dominos, Subway, Menarys & Santander.

The property itself is a mid-terrace property constructed during 1998 with external block cavity walls and a pitched roof covered in slates to the front. The internal accommodation extends over two floors and fronts onto the main trading street within the town centre.

RETAIL/COMMERCIAL - 17 William Street (over two floors)

* Rental Income: £10,000 per annum (rolling monthly contract)
* Business rates: £9,684.71 p.a. (2018/19)
* NAV: £16,800

Ground floor: Open plan retail space (circa 2,400 sq.ft) with wooden flooring, suspending ceiling & lighting. Glazed shop front and electric roller shutters. Benefits from 18ft of frontage onto the main street.

First floor: Multi-use/storage with an internal floor area of circa 1,200 sq.ft.

RESIDENTIAL  - 17B William Street (First floor two bedroom apartment)

* Rental Income: £7,540.00 per annum (inc. domestic rates)
* Domestic rates: £530.88 p.a. (2018/19)
* Currently occupied (12 month contract)
* Floor area: circa 1,200 sq.ft.
* PVC framed D/G windows
* Oil fired central heating system
* Own entrance onto the main street
* Well maintained and in excellent order throughout

Internal accommodation comprises of; open plan living/kitchen & dining area, two bedrooms, bathroom & utility room.

External:

* Shared access to the rear of the building
* Two allocated car parking spaces to the rear


Disclaimer

Under the Property Misdescriptions Act 1992 Quinn & Company Estate Agents endeavours to make our property details accurate and reliable but they should not be relied upon as statements or representations of fact. They do not constitute any part of an offer or fitting. Equipment referred to in the particulars have not been tested and no warranty can be given to their condition. We strongly recommend that all the information, which we provide, about the property is verified by yourself or your advisers. Please note we have not tested the services or systems in the property. Purchasers should make / commission their own inspections if they feel it is necessary. All measurements are taken at widest point. The brochure does not form part of your contract.

Property Map

The agent has rated the accuracy as: Exactly Right