Modern retail and apartment development occupying a prime location fronting a main arterial route in North Belfast, these 2 shops are situated in a block of 6 retail units adjacent to an Iceland supermarket.
Other retailers nearby include a drycleaners, a pharmacy, a “Polita” convenience store, Concern Worldwide charity shop, the NI Hospice, two petrol filling stations and a Tesco supermarket.
The shops benefit from shared use of a generous car park for approx. 33 vehicles fronting the Antrim Road.
Suitable for a variety of retail and other uses, subject to any necessary planning consents.
Unit 1b c. 90 sq m ( 971 sq ft)
Unit 2 c. 98 sq m (1,056 sq ft)
10 years subject to a rent review after 5.
Shop Unit 1b - £14,000 p.a.
Shop Unit 2 - £16,000 p.a.
plus VAT, plus rates.
Repairs & Insurance:
Tenant responsible for internal repairs and reimbursement of a fair proportionate of the building insurance premium to the landlord. Insurance premium is estimated at £350 per shop, per annum, exclusive.
A service charge will be levied to cover external repairs, cleaning and lighting of common areas, together with agent’s management fees. Estimated at £1,500 per shop, per annum, exclusive.
The property is VAT registered and accordingly VAT will be charged on the rent and all other outgoings.
A security deposit amounting to one quarter’s rent will be held by the Landlord as security in case of default. Alternatively the Landlord may consider a guarantor.
We are advised by Land & Property Services that the NAV is £13,200 for Shop 1b and £15,000 for Shop 2.
Rate in £ 2020/20 = 0.5381
Rates payable 20/21 = approx £5,680 for Shop 1b and £6,460 for Shop 2.
Note: Tenants have a rates holiday for the current financial year up until March 2021.
For further details please contact Barney Goan - Tel: 02890 500 100