Adelaide Business Centre, Apollo Road, Belfast, County Antrim, BT12 6HP

For Sale Offers invited in the region of £1,250,000 Convert to EUR

Key Information

Property Type: Investment Price: Offers invited in the region of £1,250,000 Convert to EUR
Bedrooms: - Offer Status: For Sale
Receptions: - EPC Rating: 162

For more information on this property call 028 9032 7954 or Email Agent

Contact the Agent

Lambert Smith Hampton

4-10 May Street, Belfast, BT1 4NJ

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    Property Description

    The property consists of a commercial complex comprising a two-storey office building fronting onto a car park overlooking Apollo Road, behind which sits two rows of warehouse units.  The warehouses initially provided seven units on either side and are separated from one another by a central corridor void which in turn facilitates access to additional office units at the end of each warehouse unit.

    The offices are constructed around a steel frame with profiled metal cladding to the external leaf.  The warehouse units are constructed of a steel frame with brick and block walls.  Each warehouse unit has a full height roller shutter door.

    The accommodation is sub divided into 46 no. units (14 warehouse units and 32 office units) totalling 45,990 sq ft (18,925 sq ft warehouse and 27,065 sq ft office).  The property is currently c.57% (26,224 sq ft) occupied, c.43% (27,065 sq ft ) vacant and in need of some refurbishment.  Tenants include We Buy Any Car, Clear Pharmacy, Irish Football Association and Signature Works.

    196 no. car parking spaces are marked out at the property and only 19 are dedicated.

    The current gross rent is £104,422 per annum.  The property offers significant asset management opportunities, if all the office space was let at £10 psf and all warehouse space was let at £4 psf the rent would be c.£328,000 per annum (potential purchasers to satisfy themselves on potential rental rates achievable).  Please note the current service charge is £2.15 psf and the current insurance premium is £0.12 psf.

    Copy detailed tenancy schedule, service charge schedule and floor plans are available from the selling agent.

    Please note all measurements are provided on a gross internal basis although many units have been altered internally by various tenants.  Perspective purchasers should satisfy themselves on existing layout and net measurements.

    Location of Adelaide Business Centre, Apollo Road, Belfast

    The property is situated on the Apollo Road, just off the Boucher Road c.2.1 miles south west of Belfast City Centre. Boucher Road consists of retail, warehouse, office, tradecounter and car showroom uses. Occupiers in the immediate area include M&S Simply Food, Chain Reaction Cycles, Charles Hurst, Home Bargains, Lakeland, DW Sports Fitness and Harvey Norman.

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    Contact the Agent

    Lambert Smith Hampton

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