Adelaide Business Centre, Apollo Road, Belfast, BT1 2HP
For Sale Offers in the region of £1,250,000 Convert to EUR
|Property Type:||Investment||Price:||Offers in the region of £1,250,000 Convert to EUR|
|Bedrooms:||-||Offer Status:||For Sale|
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
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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