Woolworths Plc located on 2-6 High Street, Enniskillen, is on sale this week as an investment property.
The sale has been pitched as a rare opportunity to acquire a freehold retail investment in Northern Ireland comprising c 9,900 sq ft. It is a 100 per cent prime retailing pitch.
The subject property occupies arguably one of the best positions within the prime high street retailing area of the town centre and is described as a purpose-built retail unit with accommodation over two floors and considerable frontage onto High Street.
The property is tenanted by Woolworths Plc and benefits from a typical store design and layout comprising ground floor retail with stores at ground and first floor levels.
The sellers, BTWshiells commercial property consultants, based in Belfast understand that the property is held under a freehold title.
The property is let to Woolworths Plc for a term of 25 years from 1st August 1988 with full repairing and insuring terms and five yearly upward only rent reviews.
The passing rental is £125,000 per annum and the next rent review is due on 1st August 2008. There are approximately six-and-a-half years unexpired on the subject lease.