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• Prominent double fronted retail unit fronting Holywood Road
• Suitable for wide variety of uses subject to planning
• EPC E111
Superb retail unit on the busy Holywood Road, accessible from the Newtownards Road at ”The Arches”.ACCOMMODATION
Sales
86.57m²932 ft²
Office
3.66 m² 39 ft²
WC plus covered yard
TOTAL AREA
90.23 m² 971 ft²
LEASE DETAILS
TERM
Three years or longer by negotiation
RENT
£14,000 per annum plus rates
RATES
We are verbally advised by the Valuation and Lands Agency that the NAV of the property is as follows:
Shop & Store: £13,000
The rate in the £ 2022/2023 is 0.551045
Rates payable based on the above figures would be £7,163.59 per annum approximately before any discounts such as Small Business Rates relief are applied. (See below)A 20% discount is available for the 2022/23 tax year under the small business rates relief scheme meaning the rates payable for that period would be reduced to £5,730.87 approximately.
VAT
May be charged on rent and outgoings in the future but not currently
REPAIRS
The tenant will be responsible for all repairs.
INSURANCE
Tenant responsible for repayment of the building insurance premium.
SECURITY
Security shutter
VIEWING
Strictly by appointment with Macfarlane & Smyth. For further details please contact Andrew Smyth.
Disclaimer: The following calculations act as a guide only, and are based on a typical repayment mortgage model. Financial decisions should not be made based on these calculations and accuracy is not guaranteed. Always seek professional advice before making any financial decisions.
