Three storey commercial premises occupying a prime location on the busy Stranmillis Road and comprising approximately 149 sq m (1,607 sq ft), net internal area, with site area of approximately 94 sq m (1,000 sq ft).
The Stranmillis “village” area is approximately 1¼ miles south of Belfast city centre, is popular with young professionals and students due to its close proximity to QUB, Methodist College, Lyric Theatre, Queen’s PEC, Stranmillis Training College, Botanic Gardens and Belfast City Hospital.
It benefits from high footfall and other retailers nearby include a Centra convenience store, Subway, Bob and Berts, Winemark, Sinnamon coffee shop, Stranmillis Pharmacy and many smart restaurants and cafés.
The property has been extended over ground and first floor to the rear and is ripe for refurbishment and modernisation.
Total Net Internal Area c. 149.3 sq m (1,607 sq ft)
Rate in £ for 2020/21 - £0.5381
The Land & Property Service advise that the Rateable Values are:-
Ground Floor Restaurant£11,000. Hence Rates payable approx. £5,920
First & Second Floor Offices£ 5,350. Hence Rates payable approx. £2,880
Value Cabs Ltd has a 5 year Lease of the ground floor lobby and first and second floors, at a rent of £5,500 per annum. Lease expires 9th November 2022. Under the terms of the Lease the tenant is responsible for internal repairs, a service charge to cover the Landlords costs of external repairs and the costs of the Buildings Insurance Premium.
Long Leasehold, for a term of 800 years from 1st August 1970 subject to an annual ground rent of £15.
The premises is not registered for VAT and accordingly VAT will not be charged on the purchase price.
Offers in the region of £220,000.
For futher details please contact Barney Goan, Tel: 02890 500 100