9-11 Townhall Street & 30-32 Paget Lane, Enniskillen, Co Fermanagh, BT74 7BD

9-11 Townhall Street, Enniskillen, BT74 7BD, Co Fermanagh, Northern Ireland

Property Details


Type Commercial
Status For Sale
Price £800,000  Offers in Excess of
Energy Rating C53 / C75

Additional Details


FOR SALE - MIXED USE INVESTMENT

Located in Enniskillen, which benefits significantly from cross-border trade and a strong tourism industry. The subject property is situated on Townhall Street and Paget Lane. Neighbouring occupiers include Edinburgh Woollen Mill, Boots and DV8.

The building comprises a Mid-Terrace 3-storey property providing retail accommodation on the ground floor and residential accommodation on the upper floors.  The retail element is accessed via Townhall Street and Paget Lane, whilst the apartments are solely accessed via Paget Lane.

Accommodation:

Property

Floor

Size (sq ft)

Passing Rent p.a.

Lease Terms

Trading As

Comments

EPC Rating

Portfolio 1:

 

 

 

 

 

 

 

9 Townhall St

Ground

1,350

£13,000

Overholding

Shuphoric

 

C75

30A Paget Lane

1st

279

£3,600

Overholding

Private Tenant

 

D58

30B Paget Lane

1st

218

£3,300

Overholding

Private Tenant

 

D67

30C Paget Lane

2nd

279

£3,600

Overholding

Private Tenant

 

D67

Portfolio 2:

 

 

 

 

 

 

 

11A Townhall St

Ground

1,133

£12,000

Expires 01/09/26

Abbey Insurance

Tenant Break Option 01/09/21

C53

11B Townhall St

Ground

 

£10,000

 

Granny Annies

 

C53

32A Paget Lane

1st

635

£4,800

Overholding

Private Tenant

 

D57

32B Paget Lane

1st

693

£4,800

Overholding

Private Tenant

 

D66

32C Paget Lane

1st

336

£3,600

Overholding

Private Tenant

 

D63

32D Paget Lane

1st

297

-

Vacant

 

 

 

32E Paget Lane

2nd

-

£4,800

Vacant

 

 

D61

Portfolio 3:

 

 

 

 

 

 

 

30 Paget Lane

Ground

694

-

Vacant

 

 

 

30 Paget Lane

1st & 2nd

594

-

Vacant

 

 

 

TOTAL

 

 

£63,500

 

 

 

 

Rates

We have been advised by the Land and Property Services of the following rating information:

Property

Net Annual Value (NAV) *

Capital Value **

Description

9 Townhall Street

£16,700 (NAV) *

Shop, Stores

11 Townhall Street

£19,100 (NAV) *

Office

11B Townhall Street

To be assessed

 

30 Paget Lane (GF)

£6,800 (NAV) *

Café

30 Paget Lane (1st & 2nd)

£3,450 (NAV) *

Offices (1st & 2nd)

30C Paget Lane

£35,000 (CV) **

Flat (2nd)

32A Paget Lane

£55,000 (CV) **

Flat (1st)

32B Paget Lane

£60,000 (CV) **

Flat (1st)

32C Paget Lane

£45,000 (CV) **

Flat (1st)

32D Paget Lane

£20,000 (CV) **

Bed Sitting Room (1st)

32E Paget Lane

£55,000 (CV) **

Flat (2nd)

*   The current non-domestic rate in the pound for 2017/2018 is £0.536343

** The current domestic rate in the pound for 2017/2018 is £0.007564

VAT

All prices, rentals and outgoings are quoted exclusive of VAT.

Title

Freehold.

Proposal

We are instructed to seek offers in excess of £800,000 exclusive for the entire portfolio. Alternatively, the client may consider disposing of the investment in separate portfolios:

 

Portfolio 1:

£250,000

Portfolio 2:

£400,000

Portfolio 3:

£150,000

 

MISREPRESENTATION ACT 1967

The premises are offered subject to contract, availability and confirmation of details. The particulars do not form part of any contract and whilst believed to be correct, no responsibility can be accepted for any errors. None of the statements contained in the particulars are to be relied upon as statements of fact; any attending purchasers or lessees must satisfy themselves by inspection or otherwise as to the correctness of those statements. The vendors or lessors do not make or give McGovern Estate Agents Ltd, or any person in its employment, any authority to make or give any representation or warranty whatsoever in relation to this property. Unless otherwise stated, all prices and rentals quoted are exclusive of any Value Added Tax to which they may be subject. These particulars are issued on the understanding that all negotiations are conducted through this company McGovern Estate Agents Ltd, 7A Ann Street, Enniskillen, Co Fermanagh, BT74 7ES.