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3 –5 Main Street, & 1A Sea Road, Castlerock, BT51 4RA
For
Sale
Mixed Use Income Producing Investment Property
Period building with sea views in a popular area close to all amenities
Ground floor retail unit under lease
NITB approved self catering holiday accommodation
Fixtures & Fittings included
Potential rental income from £55,000 per annum
The subject property is located on Main Street within the popular seaside town of Castlerock. It is convenient to all local facilities within Castlerock to include, the beach, shop and local cafes.
The subject is a three–storey period property consisting of retail accommodation on the ground floor, a three bed duplex apartment and a 4 bed townhouse.
The retail unit (No. 3) is currently leased and trading as Chocolate Manor and accommodation consists of a retail area with ancillary facilities to include prep area, office, storage and W.C facilities.
The duplex apartment (No. 1A) comprises three bedrooms with living / dining, kitchen, w.c and bathroom over first and second floors. The property is NITB approved self catering holiday accommodation and is finished to a good standard with views over Downhill Castle, Castlerock Beach and Castlerock Golf Club. The apartment benefits from own door access and a communal rear yard shared with the retail unit.
The townhouse (No. 5) comprises four bedrooms with kitchen / dining, living room and bathroom over ground, first and second floors. The property is NITB approved self catering holiday accommodation and is finished to a good standard with sea views to the rear.
All furniture, fixtures and fittings within the self catering holiday accommodation are included within the sale.
Please refer to attached brochure
Ground floor retail unit under lease generating a rental income of £5,400 per annum
PRICE: Offers over £495,000.
TITLE: Understood to be held by way of freehold or similar long leasehold title.
NAV / Capital Value
Flat A Sea Road (Duplex): NAV £80,000
5 Main Street (townhouse): NAV £80,000
3 Main Street (Retail Unit): CV £3,400
Please note that all perspective purchasers should make their own enquiries to confirm the NAV / rates payable.
VAT
All prices, charges and rentals are quoted exclusive of VAT, which may be payable
Accommodation Details
Please refer to attached brochure
Lease Details
Ground floor retail unit under lease generating a rental income of £5,400 per annum
Sales Details
PRICE: Offers over £495,000.
TITLE: Understood to be held by way of freehold or similar long leasehold title.
NAV / Capital Value
Flat A Sea Road (Duplex): NAV £80,000
5 Main Street (townhouse): NAV £80,000
3 Main Street (Retail Unit): CV £3,400
Please note that all perspective purchasers should make their own enquiries to confirm the NAV / rates payable.
VAT
All prices, charges and rentals are quoted exclusive of VAT, which may be payable
