For Sale

120-122 Albertbridge Road, Belfast, BT5 4GS

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Commercial Property

Location of 120-122 Albertbridge Road

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features

  • Let to East Belfast Sure Start at a passing rent of £20,000 pax.
  • c.7 years unexpired lease term.
  • The property extends to approximately 2,203 sqft (204.68 sqm) and occupies a highly prominent position on the main arterial route linking East Belfast
  • Seeking offers in the region of £230,000 exclusive, subject to contract which reflects a net initial yield of c. 8.48% after purchase costs of c. 2.50

description

Location

The property occupies a highly prominent position on the Albertbridge Road, at its junction with Mount Pottinger Road and Castlereagh Street.



The Albertbridge Road is the main arterial route linking East Belfast with the City Centre which is only c.1500m away whilst Lanyon Place Rail Station is c. 750m from the property.



Description

The property comprises a single storey former bank premises of block/brick construction with a flat roof and aluminium framed double glazed shopfront which has been converted to provide a children's day-care centre.



Internally it is arranged to provide two activity rooms, play room, office accommodation, kitchen, stores and WCs. Finishes include plastered/painted walls & ceilings, suspended ceilings with fluorescent lighting and carpet/laminate floor coverings. It benefits from gas heating with air-conditioning to the activity rooms.



Accommodation

The property provides the following approximate net internal area: 2,203 sqft (204.68 sqm).



Tenancy Details

The property is let on a Full Repairing basis to East Belfast Sure Start for a term of 10 years from 1st April 2017 at a rent of £20,000 pax which is subject to an upwards only review on 1st April 2022.



East Belfast Sure Start (1 of 38 Sure Start Partnerships in N.I) who have been in occupation for c.18 years, is a Registered Charity & a Company Limited by Guarantee. Their primary source of funding is the Dept. of Education via the Health & Social Care Board.



Sure Start is a Government programme aimed at pre-school aged children and their families to promote all aspects of their development. Further information in respect of East Belfast Sure Start can be found on their website: www.eastbelfastsurestart.co.uk

Property Costs

  • Status: For Sale
  • From£230,000

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Offers in the region of

£210,000

Offers Over

£215,000

Offers in the region of

£250,000

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Cushman & Wakefield
5 Oxford Street

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Wilson Nesbitt Solicitors

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