Excellent Ground Floor Retail Premises, 7 Church Road, Holywood

Property Details

Property Highlights
To Let - By Way of Assignment / Sub-Lease
Excellent Ground Floor retail premises
Accommodation extends to c.669 sq.ft
Rent £12,500 per annum exclusive.

Location
Holywood is a popular commuter town with a population of c.12,000 people (2011 Census) together with a large affluent catchment population. It is located approximately 6 miles east of Belfast City Centre on the southern shores of Belfast Lough and is easily accessible by road and rail with Belfast City Airport situated in close proximity. The town is regarded
as one of Northern Ireland's most prestigious and desirable locations having an array of restaurants, coffee shops, national retailers, with numerous niche retailers and boutiques.

The subject property is located on Church Road close to its junction with High Street and Shore Road benefitting from high volumes of pedestrian and vehicular traffic. Nearby occupiers include Fayre by Corries, Hannah's Florist, Tesco, Boots Pharmacy, Patrick Mulholland Hair, John Minnis Estate Agents, The Maypole Bar, The Joxer Bar and Noble Restaurant.

Description
The subject comprises a ground floor Mid terrace retail unit with rear pedestrian / mservice access. The unit comprises a retail sales area to the front, a staff / preparation area (which is plumbed) and a staff WC to the rear of the unit.

The unit previously traded as Knotts Bakery and the unit is available due to the business mrelocation within Holywood. The premises benefits from a glazed shop front with electric
roller shutter, internally the shop is finished with a tiled floor, a combination of panelling and plastered & painted walls, feature lighting to customer facing areas, suspended ceiling and Air Conditioning. The unit also benefits from a 3 phase electricity supply.

Accommodation (all areas are approximate)
The property provides the following approximate net internal area:
Description Sq Ft Sq M
Retail Area 480 Sq Ft 44.62 Sq M
Staff / Prep Area 189 Sq Ft 17.56 Sq M
W.C
Total 669 Sq Ft 62.18 Sq M

Lease Details
We have been advised by Land and Property Services of the following:
Net Annual Value: £10,200
Rate in the Pound 2023/2024: 0.54174
Estimated Rates Payable: £5,526 p.a.
The property should benefit from the Small Business Rates Relief Scheme, which would provide an occupier with a 20% reduction in rates payable. However; we recommend that you verify this with Land & Property Services.

Rates
Rent: £12,500.
Lease Expiry: 31st April 2029.
Review: 1st May 2024.
Repairs / Insurance: Tenant responsible for internal repairs. Tenant to reimburse the landlord for the insurance apportionment (c.£388 p.a) and management charges (£625+VAT).
A copy of the lease is available on request.

VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT.