4-6, 6A & 6B Gilmore Street, Ballymena, Co. Antrim, BT42 3AB

Lot Image

Auction sale - Friday 1st July 2016

Result:

Sold for £200,000.

  • Substantial commercial property investment
  • Comprising 3no. retail units with ancillary showroom/ storage accommodation
  • Extending to approx. 14,502 sq ft (1,347 sq m)
  • Close proximity to Ballymena Town Centre
  • Good off street car parking
  • Current gross income £30,480 per annum

Details

Location

Ballymena is a leading provincial town located in Co. Antrim, approximately 28 miles from Belfast and 12 miles north of Antrim. The borough has a population of approximately 63,000 persons, half of which live in the town of Ballymena. Ballymena benefits from a catchment of around 270,000 people within a 30 minute drive. The property is situated and fronts directly onto Gilmore Street, a busy commercial thoroughfare approximately 0.5 miles south of from Ballymena town centre. The surrounding area of Henry Street and Queen Street also provide for various commercial uses.

Tenure

Freehold.

Energy Performance Certificate

C51 - F127

Auction Details

The property will be open for viewing on the following dates and times:
Wednesday 15th June 2016 between 10.00am - 11.00am
Wednesday 22nd June 2016 between 10.00am - 11.00am
Tuesday 28th June 2016 between 10.00am - 11.00am

Please note that these are open viewings and you do not need to book an appointment.

The auction will take place on Friday 1st July 2016 in the Europa Hotel, Belfast at 10.45am. You are required to bring with you two forms of ID (one photographic such as a driving licence or passport, and one proof of address such as a utility bill or bank statement), together with a cheque or banker's draft for the deposit and buyer's fee.

Description

The entire property comprises three ground floor retail units with ancillary showroom / storage accommodation. Each element of the property is detailed as below:-

4-6 Gilmore Street – Tuscany Tiles
This portion of the property comprises a substantial two storey commercial building, providing for retail, office, kitchen and storage accommodation at ground floor, with ancillary showroom and storage space to first floor. Internally the retail and showroom accommodation is fitted out to include tiled floors, plastered and painted walls, recessed spotlights and a balcony at first floor.

6A & 6B Gilmore Street
No. 6A – Stitched Up Alteration Service
No. 6B – Ballymena Laundry & Dry Cleaning Service
This element of the property comprises two ground floor retail units, finished to a good standard to include plastered and painted walls, fluorescent lighting and carpeted floors.

To the rear of these retail units at both ground and first floor is additional storage accommodation, accessed off the central yard area. The property benefits from having approximately nine designated customer car parking spaces located to the front. Additional car parking is also available via a public car park located directly opposite.

Tenancy & accommodation

Address Tenant Floor Use Sq M Sq Ft Lease terms Current Rent
TOTAL 1,374 14,502 £30,480
4 Gilmore Street Tuscany Tiles Ground First Retail Workshop Offices Kitchen Rear Store Plus WCs Showroom Rear Stores 145.8 5.8 19.5 21.3 365 123 165.5 1,570 63 210 230 3,929 1,324 1,782 (1) £18,000
6A Gilmore Street Stitched Up Ground Retail 83.7 901 (1) £6,240
6B Gilmore Street Ballymena Laundry & Dry Cleaning Ground Retail 52.7 567 (1) £6,240
Rear of 6 Gilmore Street Vacant Ground First Rear Stores Stores 90.7 274 976 2,950 - -
(1) We understand that there are no formal leases in place.

Seller's solicitor

DWF Law
(Ian Stanfield)
028 9023 0230
ian.stanfield@dwf.law

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Administration Fee

The successful purchaser will be required to pay the auctioneers administration fee of £250 plus VAT.

Contact us now

National auctions

Tel: +44 (0) 207 198 2000
Email: auctions@lsh.co.uk

Online auctions

Tel: +44 (0) 207 198 2000
Email: onlineauctions@lsh.co.uk

Register for updates

Sign up today to receive these benefits:
  • Receive new property notifications
  • Register for a catalogue
  • Receive market updates
  • Receive auction results

Register to bid

Sign up now to register to bid at the auction.