For Sale

100 University Street, Belfast, Antrim, BT7 1HE

Offers Over

£295,000

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Image 1 of 4 100 University Street, Belfast, Antrim
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Approved Plans 2-1.jpg
EPC - 100 University Street, Belfast.jpg
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Investment
G 173
EPC Rating

Location of 100 University Street

The property is located on University Street at its junction with Canterbury Street. The Ormeau Road is a 3 minute walk away, whilst the amenities of Botanic Avenue can be reached within 4 minutes. The surrounding area is made up of a good mix of both commercial and residential properties, with the street recently seeing a significant amount of investment via redevelopment and refurbishment projects. Holiday Inn Express is located almost directly opposite the property whilst other occupiers in the vicinity include; Ibis Hotel, the Audit Office and Harper Bed and Breakfast.

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  • features
  • description

features

  • Income Producing Office Building with Planning Permission for 5 Self Contained Apartments

description

This period property sits in a prominent corner position and has previously been extend to the rear. The building is arranged over ground, first, second and third floors and provide a range of office suites. Internal finishes include; painted and plastered walls, carpeted floors, oil fired central heating and a fitted kitchen.

The premises are currently being used for the purpose of offices but have existing planning permission for conversion to residential use.

Tenancy Information
We are advised that the current Gross Income is c. £32,448 per annum exclusive (c. £2,704 per month exclusive) with potential for this to be increased by letting the vacant units.

Further information is available on request.

Planning Permission
The property benefits from Planning Permission for a change of use from offices to 5 self contained apartments under application LA04/2020/1304F.

All interested parties should make their own enquiries.

Sale Details
Offers in excess of £295,000 exclusive.

A sale at this level would reflect a capital value of c. £132 per sq ft or a Gross Yield of approximately 11% based on the current Gross Income.

VAT
We have been advised by the vendor that the property is not registered for VAT. 

All interested parties should make their own enquiries.

EPC - G173

Net Internal Area - 2,233 square feet

Property Costs

  • Status: For Sale
  • Offers Over£295,000
  • RatesNot Provided
  • Stamp Duty: £0*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.

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Housing Tenure

  • Type of Tenure: Not Provided

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