19-21 Antrim Road Ballynahinch , Down , BT24 8AN
|Price||Offers around £340,000|
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- Investment Portfolio - Comprising;
- Detached Residential Dwelling
- End Terrace Residential Dwelling
- Three Mid Terrace Residential Dwellings
- Long Established Commercial Yard & Offices
- Immediate Income From Current Tenancies
- Fantastic Central Location
- Potential Further Development Opportunities;
- Subject to Planning & Other Statutory Approvals
- Potential Yield 7.16%
We are excited to present to the market a fantastic opportunity to acquire this investment portfolio comprising of a large Detached Dwelling, an End Terrace Dwelling, Three Mid Terrace Properties and long established commercial offices and yard with portable buildings, WC facilities and stores.
19A Antrim Road - A large detached property comprising of a lounge with open fire, kitchen, second reception room, rear utility area/playroom, three bedrooms, master with ensuite and a family bathroom. The property also features a large patio area and garden.
Rental: £7080.00 Per Annum
21 Antrim Road - This two bedroom end terrace has been recently redecorated and new oil fired central heating system installed. The accommodation comprises of a lounge with exposed red brick feature wall, kitchen with cooker and fridge, bathroom with electric shower over bath and two bedrooms.
Rental: £5720.00 Per Annum.
Commercial Yard & Offices - The current occupant has been based on this site for over 25 years and in this time they have utilised the storage units belonging to the houses as well as an installation of portable cabins to form user friendly office space. In addition there is ample secure parking for vans and cars. There may be some penitential for the current occupier to remain as tenant in the initial 12 month period. The potential rental income is estimated to be between £12,000 - £15,000 per annum.
Potential Development - As you can see from the images provided, there is significant land on offer to the rear of the properties. Whilst the current owner has not explored the potential of development there is clearly land unused. It is however our understanding that some of this land may feature on the flood plane maps provided by NI water. All Development potential would be subject to the normal statutory approvals.
Current Rental Comments - The current income for the properties is £12360.00 Per Annum with a further estimated £12,000 achievable from the rental of the commercial yard. This offers an estimated 7.16% rental yield, which is an excellent return in todays market.
Approaching Ballynahinch from Belfast, follow the one way system towards Newcastle. At the last roundabout head right down Dromore Street. Turn left onto the Antrim Road at John Brown's Car Sales and proceed c.300 yrds and the properties are on the right.
* This information does not contain all of the details you need to choose a mortgage. Make sure you read the key facts illustration provided with your mortgage offer before you make a decision.