227-233 Antrim Road, Belfast, Antrim, BT15 2HB

Sale Agreed Offers Over £540,000 Convert to EUR

Key Information

Property Type: Investment Price: Offers Over £540,000 Convert to EUR
Bedrooms: - Offer Status: Sale Agreed
Receptions: - EPC Rating: 97

For more information on this property call 028 9027 0000 or Email Agent

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Osborne King

The Metro Building, Belfast, BT1 5JA

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    Features of this property

    • Prominent off licence, ATM and takeaway investment situated on the Antrim Road
    • Rental income of c. £47,750 p.a
    • Seeking offers in excess of £540,000 exclusive (net initial yield of 8.43% assuming purchaser"s costs of 4.86 %)

    Property Description

    The property comprises a prominent three storey former bank building which has been converted for retail use fronting the Antrim Road. The building is of traditional steel frame and blockwork construction. The property includes an ATM fronting the Antrim Road and a wall mounted advertising hording affixed to the gable of no. 227 facing the junction at Atlantic Avenue.  Internally the units are finished to a high standard in keeping with the corporate style of the respective occupiers.  

    This sit in/takeaway unit occupied by Mr Ezzat t/a Ramzy’s is finished to include tiled flooring, suspended ceilings with florescent lighting, plastered and painted walls, double glazing and electronic roller shutter doors.

    229 - 233:
    Configured as an off-licence occupied by Wineflair (Belfast) Ltd the unit is configured to include a double height sales area, tiled flooring, plastered and painted walls and ceiling, spot lighting, air conditioning, double glazing and electronic roller shutter doors. Please note that the office space on the upper floors has been sealed off and is unused.

    The property benefits from on street parking to the front of the property and on nearby Atlantic Avenue.

    We are instructed to seek offers in excess of £540,000 exc.

    This represents a net initial yield of 8.43 % assuming purchasers costs of 4.86 %.

    EPC - D97

    227 Antrim Road- 406 square feet
    229-233 Antrim Road - 3,039 square feet
    Total Area:3,445 square feet

    Location of 227-233 Antrim Road, Belfast

    The property occupies a prominent position on the Antrim Road, a key commuter route from Newtownabbey to Belfast. The property is located to the south of the Antrim Road at the intersections of Allworthy Avenue and Atlantic Avenue approximately 2 miles from Belfast city centre. The immediate area is a mix of high density residential with retail and office units fronting the Antrim Road. Neighbouring occupiers include The Co-Operative Food, The Post Office, Property People and Dominos.

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    Contact the Agent

    Osborne King

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