Retail Property (High Street) for sale in Rathfriland
FOR SALE
(Due to owners’ retirement)
1 Church Square
Rathfriland
BT34 5PT
TAKEAWAY BUSINESS TO INCLUDE GOODWILL FIXTURES AND FITTINGS. PART INCOME PRODUCING ELEMENT ON UPPER FLOORS INCLUDED
KEY FEATURES
Income producing residential bedsits on upper floors.
Prime position located in Town Centre.
All inventory included in sale. (Details available on request)
LOCATION
Rathfriland is located 8 miles from Newry city and 7 miles from the A1 to Belfast which is 33 miles from Newry and the M1 to Dublin which is 58 miles from Newry. Nearby occupiers include Gordon’s Chemist, Fisher and Fisher solicitors, Milestone Nisa Extra.
ACCOMMODATION
Basement – 307 SQFT
Takeaway – 921 SQFT
5 No. Bedsits with common kitchen area over first and second floors
First floor – 3 bedsits with en suites, communal kitchen area
Second floor – 2 bedsits with one en suites, 1 separate bathroom.
There are 5 bedsits on upper floors which are leased on a rolling licence arrangement. 4 of these bedsits include en suites. Rental income is £16,800 per annum. Further details available on request.
GUIDE PRICE
£245,000
VAT
Outgoings are inclusive but may be liable to VAT.
COMMERCIAL NAV
We are verbally advised that the NAV of the property is: £4,800.
The commercial rate in the pound for 2023/24 is £0.5518.
https://valuationservices.finance-ni.gov.uk/Property/Details?propertyid=72786
RESIDENTIAL RATES
We are verbally advised that the approx Rates for the property are: £773
https://valuationservices.finance-ni.gov.uk/Property/Details?propertyId=72787
EPC
Commercial
C – 53 - Energy performance certificate (EPC) – Find an energy certificate – GOV.UK (find-energy-certificate.service.gov.uk)
Residential
C – 69 - https://find-energy-certificate.service.gov.uk/energy-certificate/2737-3420-6309-0610-1222
VIEWING
Gerard Kelly 07796947736 gerard@bestpropertyservices.com
Ryan McBride ryan@bestpropertyservices.com
Important information
This is not a Shared Ownership Property
Property Ref: 646566_NEW230464
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