Lesley Exchange 1, East Bridge Street, Belfast, Antrim, BT1 3PH
For Sale Maximum Reserve £3,150,000 Convert to EUR
|Property Type:||Office||Price:||Maximum Reserve £3,150,000 Convert to EUR|
|Bedrooms:||-||Offer Status:||For Sale|
for this propertyAuction Information
To be auctioned at Clayton Hotel Belfast on 23rd June 2017 at 11:00 am
Features of this property
- LOT 32
- TO BE SOLD AT PUBLIC AUCTION - FRIDAY 23RD JUNE 2017 AT 11.00AM IN THE CLAYTON HOTEL, ORMEAU AVENUE, BELFAST
- MAXIMUM RESERVE - £3,150,000
- Reversionary government let office investment
- Current passing rent £250,766 per annum
- Modern building extending to c. 1,697 sq m (18,263 sq ft)
- Net initial yield 7.48% after costs
The property comprises a five storey single-let office building of steel frame construction and finished to a bright and modern standard throughout to include raised access carpeted floor, plastered and painted walls, suspended ceilings incorporating recessed spot lighting and air handling. The accommodation also benefits from a roof terrace located off the 4th floor providing excellent views over the River Lagan and beyond.
The reserve figure reflects an attractive net initial yield of 7.48% after allowing for purchasers costs at 6.47%. 1,697 sq m (18,263 sq ft) over 5 floors
17 on-site car parking spaces
Location of Lesley Exchange 1, Belfast
The property is located in Mays Meadow on the eastern fringe of Belfast City Centre between East Bridge Street and the River Lagan. Neighbouring occupiers include Abbey National Call Centre, PriceWaterhouseCooper and St George"s Wharf apartment development with Central Train Station directly opposite.
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