127 - 137 Royal Avenue, Belfast,

Features

• FOR SALE DEVELOPMENT / INVESTMENT OWNER OCCUPATION OPPORTUNITY  
• C. 8,500 SQ FT / SITE AREA – C. 0.112 ACRES 
• IMPOSING CITY CENTRE OFFICE / RETAIL PREMISES 
• (PART INCOME PRODUCING) 

Description

Prominent corner location on William Street opposite the Central Library and the Belfast Telegraph Building.  Within close proximity to the motorway network and adjacent to the Campus of University of Ulster, Public Office Buildings and the Castle Court Shopping Centre with multi-storey car parking.  Within the Cathedral Conservation Area, the building with rear yard extends over ground and three upper floors fully refurbished in 1999.
 
Fitted to include ‘Category 5’ cabling, inner ground floor electric shutters, gas fired central heating, Schindler Lift (630 kg / 8 person) zoned heating system, CCTV security over all floors.  Finished to a high specification to include fully plastered and painted walls, suspended ceilings with recessed fluorescent lighting, perimeter trunking and toilets.
 
Rare opportunity to acquire a building on Royal Avenue in the heart of Belfast City Centre.  The area is currently benefiting from a programme of regeneration with the redevelopment of St Anne’s Square and the proposed Royal Exchange Retail Scheme.

  
ACCOMMODATION: 
 
GROUND FLOOR 

Coffee Shop (under lease) - c. 141.5 sq m (1,523 sq ft)
Retail / Showroom / Offices (Vacant) - c. 138 sq m (1,485 sq ft)
Toilets; Separate Lobby Entrance           
 
 
FIRST FLOOR 

Suite of Offices - c. 180.4 sq m (1,942 sq ft)
Floor includes toilets to include disabled
 
 
SECOND FLOOR 

Suite of two offices (under lease) - c. 30 sq m (323 sq ft)
Adjoining Office Suite (vacant) - c. 159.3 sq m (1,715 sq ft)
Floor includes toilets and kitchen
 
 
THIRD FLOOR 

Offices and Ancillary Area - c. 139 sq m (1,500 sq ft)
 
TOTAL: c. 788.2 sq m    (8,488 sq ft)                  
 
 
 
OUTSIDE 

Rear yard with vehicular access of William Street - c. 121.9 sq m (1,312 sq ft)
 
 
TOTAL SITE AREA - c. 453.93 sq m (0.112 acres)

LEASE DETAILS:
 
GROUND FLOOR - Coffee shop let to The Bean Machine (NI) Limited for a term of 25 years from 1 April 2000 at present rental of £16,500 per annum
 
SECOND FLOOR - P J McNeill & Company Accountants hold two offices on a quarterly basis    £3,000 per annum
 
Licence Agreement, subject to 3 months termination notice at any time – equivalent of £6,000 per annum from 15 September every year £6,000 per annum
 
Total Rental Income £25,500 per annum
 
 
 
SALES DETAILS:
 
PRICE: Offers around £2M plus VAT (if applicable)
 
TITLE:  Assumed to be held freehold or long leasehold.
 
 
N.A.V.
 
We are advised by the Valuation and Lands Agency that the current NAV is £49,950.    The commercial rate in the pound for 2008 / 2009 is £0.5207.
 

  
V.A.T.
 
Prices, outgoings and rentals are exclusive of, but may be liable to VAT.
 
 
 
VIEWING:
 
Strictly by appointment with:               

O'Connor Kennedy Turtle
22 Adelaide Street
Belfast BT2 8GD
Tel: 028 9024 8181 / Fax: 028 9024 8188
 
Contact:   Iain McCabe (iain.mccabe@okt.co.uk) / Ross Sweeney (ross.sweeney@okt.co.uk)

Our Ref:  IMCC/JP/5276
 

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