Rent £42,000 Per Annum
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Type
Status
Industrial, Land-Sites
To Let
Property Highlights
To Let - Excellent Showroom / Trade Counter Unit(s)
Extending to approximately 5,591 sq.ft. (519.46 sq.m).
Available as one or two units
Occupying a prominent position within this modern scheme, benefitting
from high levels of passing traffic
Ideally located within Balloo, North Down's dominant showroom, trade counter & warehouse location
Guide Rent: £42,000 per annum exclusive
Location
Bangor is a large commuter town with an affluent resident population of c.61,400 (2011 Census) situated on the North Down coast, approximately 13 miles east of Belfast. It has an estimated catchment of c.200,000 within a 20-minute drive time and benefits from excellent road and rail links, with the A2 connecting Bangor with Belfast and A21
connecting Bangor to Newtownards. There is also a direct train line connecting Belfast with Bangor, making it a popular commuter City for Belfast.
68 Balloo Road occupies a highly prominent position within Balloo which is the dominant showroom, trade counter and warehouse location in North Down. Other occupiers in the scheme include Wolseley, Crown Decorating Centre, Woodfloor Warehouse and Marlowe Cleaners.
Description
Comprising 2 no. interlinked units which can be let in their entirety or individually. Both units benefit from a glazed shopfront with roller shutter, a concrete floor, part block work walls with cladding above. The units have most recently been occupied by a flooring business and provide a combination of warehouse / trade counter and showroom space.
Accommodation
The property provides the following approximate area:
Showroom/Trade Counter / Warehouse
Unit 1: 3,445 Sq Ft 320 Sq M
Unit 2: 2,146 Sq Ft 199.46 Sq M
Total: 5,591 Sq Ft 519.46 Sq M
Tenancy
Term: By Negotiation
Rent: £42,000 per annum exclusive for both units.
Repairs: Full repairing terms by way of a service charge.
Insurance: Tenant responsible for a fair proportion of the buildings insurance premium. Unit 1: £665 p.a. / Unit 2: £414 p.a.
Service Charge: Levied to cover external repairs, maintenance & management of the common parts of the building & estate. Unit 1 Approx. £2,168 per annum exclusive. Unit 2 Approx. £1,351 per annum.
NAV
The rates for Unit 1 need to be reassessed. We understand that the NAV for Unit 2 is £13,200.
Based on the Rate in £ of 0.54174, this results in rates payable for 2023/24 of approx. £7,151 p.a. for Unit 2.
EPC
The property has an Energy Performance rating of C75. A copy of the full certificate is available on request.
VAT
Please note all prices, rentals and outgoings are quoted net of VAT which may be chargeable at the prevailing rate.
