FO R SALE - PAR T I N CO M E P RO D U CI N G B U I LD I N G

WITH D E VE LO P M E NT P OTE NTIAL S TP P

T H E O L D B R E W E RY, 3 1 R EG E N T S T R E E T, N E W TOW N A R D S , B T 2 3 4 A D

SUMMARY• Located within Newtownards town centre.

• The subject property comprises a substantial mixed-use building of c.31,641 sq ft over three floors.

• Moore McKay English Solicitors occupy a portion of the first floor on a holding over basis paying an annual rent of £12,000 per annum.

• Suitable for a variety of potential uses or redevelopment, subject to obtaining any statutory planning consents.

THE OLD BREWERY, 3 1 REGENT STREET, NEW TOWNARDS , BT23 4AD

LocationNewtownards is a town with a population of approximately 28,000 persons situated at the northern tip of Strangford Lough. Newtownards is located approximately 10 miles east of Belfast and approximately 5 miles south of Bangor.

The subject property is located within Newtownards town centre and is situated on the northern side of Regent Street in close proximity to the junction with Gibson’s Lane, with frontage on to both Brewery Lane to the east and West Street to the north.

The property is situated directly adjacent to Newtownards Bus Station, other neighbouring occupiers include Ards Visitor & Information Centre, Regent Flooring, Ards Library and Sam’s Electrical Superstore.

DescriptionThe subject property comprises a substantial mixed-use building of c.31,641 sq ft over three floors.

Moore McKay English Solicitors occupy a portion of the first floor comprising 2,129 sq ft. The tenant is currently on a holding over basis paying an annual rent of £12,000 per annum.

A portion of the building on the ground floor, is owned and occupied by the Ards Visitor Information Centre and does not form part of the sale.

The property would be suitable for a variety of potential uses or redevelopment, subject to obtaining any statutory planning consents.

AccommodationWe calculate the approximate Net Internal Areas to be as follows:-

Floor Sq M Sq Ft

Ground 963.31 10,368

First 1,149.11 12,368

Second 827.32 8,905

Total 2,939.74 31,641

PlanningThe property is located within Newtownards town centre and is designated as white land, meaning the subject property would be suitable for development, subject to planning permission.

RatesWe have noted from the Land and Property Services website, that there are multiple NAV’s in relation to the subject property. A total of all the NAV’s is shown below.

NAV: £116,860Rate in £ (2020-2021): 0.510730Rates Payable: £59,683.91 Per annum*We recommend that you contact Land & Property Services to verify these figures (Tel: 0300 200 7801).

PriceInviting offers in excess of £620,000.

VATAll figures quoted are exclusive of VAT, which may be payable.

THE OLD BREWERY, 3 1 REGENT STREET, NEW TOWNARDS , BT23 4AD

THE OLD BREWERY, 3 1 REGENT STREET, NEW TOWNARDS , BT23 4AD

THE OLD BREWERY, 3 1 REGENT STREET, NEW TOWNARDS , BT23 4AD

For further information please contact:

Brian Kidd M: 07885 739063 E: bkidd@frazerkidd.co.uk

Neil Mellon M: 07957 388147 E: nmellon@frazerkidd.co.uk

Telfair House, 87/89 Victoria Street, Belfast, BT1 4PBT: 028 9023 3111F: 028 9024 4859E: mail@frazerkidd.co.ukW: www.frazerkidd.co.uk

DisclaimerFrazer Kidd LLP for themselves and for the vendors of this property whose agents they are, give notice that (I) The particulars are set out as a general outline for the guidance of intending purchasers or lessees, and do not constitute part of an offer or contract; (ii) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (Iii) No person in employment of Frazer Kidd LLP has any authority to make or give representations or warranty whatever in relation to this property.

EPC