FOR SALE (Due to owners retirement) 1 Church Square Rathfriland BT34 5PT
TAKEAWAY BUSINESS TO INCLUDE GOODWILL FIXTURES AND FITTINGS. PART INCOME PRODUCING ELEMENT ON UPPER FLOORS INCLUDED
KEY FEATURES Income producing residential bedsits on upper floors. Prime position located in Town Centre. All inventory included in sale. (Details available on request)
LOCATION Rathfriland is located 8 miles from Newry city and 7 miles from the A1 to Belfast which is 33 miles from Newry and the M1 to Dublin which is 58 miles from Newry. Nearby occupiers include Gordons Chemist, Fisher and Fisher solicitors, Milestone Nisa Extra.
ACCOMMODATION Basement 307 SQFT
Takeaway 921 SQFT
5 No. Bedsits with common kitchen area over first and second floors
First floor 3 bedsits with en suites, communal kitchen area Second floor 2 bedsits with one en suites, 1 separate bathroom. There are 5 bedsits on upper floors which are leased on a rolling licence arrangement. 4 of these bedsits include en suites. Rental income is £16,800 per annum. Further details available on request.
GUIDE PRICE £269,500
VAT Outgoings are inclusive but may be liable to VAT.
COMMERCIAL NAV We are verbally advised that the NAV of the property is: £4,800.
The commercial rate in the pound for 2023/24 is £0.5518.