Co Down retail development goes on the market
A large commercial property has gone on sale in an upmarket Co Down village with a reputation for independent retail.
The development of nine units in Saintfield is known as Campbell House and sits on the corner of Comber Street and Main Street.
The development of retail and office accommodation has an asking price of £699,950, and is being sold because of the retirement of its owner, an investor.
Five of the units are let, producing rent of £45,700 per year, with the potential for it to yield £85,810 if fully let. A unit on the ground floor has full planning permission for a change of use to a bakery or restaurant.
And while the entire property is on the market, the units are still available to rent.
Estate agent Tim Martin, who is marketing the property, said it was the biggest commercial development to reach the market in Saintfield in some time.
"It's partially let and there is a large unit there which is currently vacant and has planning permission for conversion into a restaurant - which would be ideal for Saintfield."
He said Saintfield had a successful retail offering. "It is doing well and it has a decent mix of shops.
"I feel it's very much held its local flavour.
"You walk down the street and people know who you are, and shopkeepers still tend to be very much service-oriented."
And he named a number of independent retailers who he said epitomised the spirit of the town.
"You could walk into Masseys the butchers on a Friday and say that you need a roast for Sunday morning. The butcher could reply to you, 'I'll leave it in your garage and you can pay me on Monday'.
"And if you walk into Jacksons Hardware and Homeware, you could say to the owner, Ken, 'have you got such and such' - and he'll say, 'I haven't got it now but I will get it in for you'.
"That's really what it's all about. It's a tight-knit community."
He said that shop units in the town were around 95% let.
The five businesses already occupying the building include a funeral director, off licence, beauty salon, physiotherapy clinic and hairdressing salon.
The empty units include a former Mace, a vacant solicitors' office and dental surgery.