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“Newtoun Inn Bar”, 163 Irish Green Street, Limavady, BT49 9AR
For
Sale
File Ref: 4436
Well Known Public House and Mixed Use Investment Property
Plus Commercial unit + 9 No. residential flats
Potential income (if fully let) - excess of £80,000 p.a.
Current rating: EPC - see brochure
Opportunity to acquire this fully licenced local landmark property and community hub, which has successfully traded here for the last 40 years and is a popular social venue for Limavady and the surrounding area.
The Public House is currently owner occupied, so ideal for same going forward or forward letting to enhance investment value.
The Full Public Bar licence is clean, subsisting and without dispute.
The holding also comprises a separately let commercial unit (Custom House Barbers) and 9 No. residential flats (partially let) and a spacious off street parking area.
| NEWTOUN INN BAR | |
| Total (see brochure for breakdown) | 255 sq m (2,745 sq ft) |
| COMMERCIAL UNIT | |
| Total (see brochure for breakdown) | 70 sq m (760 sq ft) |
| RESIDENTIAL UNITS | |
| Flats 1 - 9 (see brochure for breadown) |
INVESTMENT INCOME
Commercial Unit: Let At £10,644 per annum
9 Flats: Let At £4,500 – £5,200 per annum (each)
Potential from the Bar: c. £30,000 per annum if not owner occupied
Total potential if fully let is in excess of £80,000 per annum
PRICE: Offers in the region of £775,000.
TERM: We assume the property is held under freehold title
NAV / Capital Value
163 Irish Green Street (Licenced Premises) – £30,300 RV
163 Irish Green Street (Flat 1) – £38,000
163 Irish Green Street (Flat 2) – £38,000
163 Irish Green Street (Flat 3) – £40,000
163 Irish Green Street (Flat 4) – £52,000
163 Irish Green Street (Flat 5) – £38,000
163 Irish Green Street (Flat 6) –£38,000
163 Irish Green Street (Flat 7) – £36000
163 Irish Green Street (Flat 8) – £36,000
163 Irish Green Street (Flat 9) – £38,000
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT
“Newtoun Inn Bar”, 163 Irish Green Street, Limavady, BT49 9AR
Situated along Irish Green Street towards the south west of Limavady town centre, the
property benefits from a good deal of passing vehicular and pedestrian traffic and is in
close proximity to local Convenience Shopping, a Pharmacy and Hot Food Takeaway
provision.
Accommodation Details
| NEWTOUN INN BAR | |
| Total (see brochure for breakdown) | 255 sq m (2,745 sq ft) |
| COMMERCIAL UNIT | |
| Total (see brochure for breakdown) | 70 sq m (760 sq ft) |
| RESIDENTIAL UNITS | |
| Flats 1 - 9 (see brochure for breadown) |
Lease Details
INVESTMENT INCOME
Commercial Unit: Let At £10,644 per annum
9 Flats: Let At £4,500 – £5,200 per annum (each)
Potential from the Bar: c. £30,000 per annum if not owner occupied
Total potential if fully let is in excess of £80,000 per annum
Sales Details
PRICE: Offers in the region of £775,000.
TERM: We assume the property is held under freehold title
NAV / Capital Value
163 Irish Green Street (Licenced Premises) – £30,300 RV
163 Irish Green Street (Flat 1) – £38,000
163 Irish Green Street (Flat 2) – £38,000
163 Irish Green Street (Flat 3) – £40,000
163 Irish Green Street (Flat 4) – £52,000
163 Irish Green Street (Flat 5) – £38,000
163 Irish Green Street (Flat 6) –£38,000
163 Irish Green Street (Flat 7) – £36000
163 Irish Green Street (Flat 8) – £36,000
163 Irish Green Street (Flat 9) – £38,000
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT
“Newtoun Inn Bar”, 163 Irish Green Street, Limavady, BT49 9AR
Situated along Irish Green Street towards the south west of Limavady town centre, the
property benefits from a good deal of passing vehicular and pedestrian traffic and is in
close proximity to local Convenience Shopping, a Pharmacy and Hot Food Takeaway
provision.