36-38 Boucher Road, Belfast, Antrim, BT12 6HR
£2,000,000
Description & Features
Fully let investment property situated on the Boucher Road, Belfast, let to Harry Corry and PMC Furniture, producing a net income of £155,000 per annum, rising to £165,000 per annum in July 2023.
The subject property occupies a highly accessible and visible location on the Boucher Road in South Belfast approximately 2 miles from Belfast City Centre and in close proximity to the M1 junction at Broadway and the Westlink.
The Boucher Road is highly regarded as Northern Ireland's most desirable Retail Warehouse and Car Showroom location. Retailers in the immediate vicinity include M&S Simply Food, Lakeland, Pets at Home, Homebase, Chain Reaction, Harvey Norman and Argos. Car Showrooms within the area include Charles Hurst, Donnelly Group and Isaac Agnew.
The subject properties comprise of two adjoining retail warehouses' of stell portal frame construction with insulated double skin metal clad panels and brick walls to c. 2.25m and a pitched metal clad rood with integrated roof lights.
Unit 1 comprises over two storeys and Unit 2 over ground floor only. Both units have been internally fitted out to the corporate specification of the retailer.
The properties benefit from generous car parking facilities and a substantial service yard/turning area with a gated entrance and perimeter fencing.
- Fully let investment to Harry Corry and PMC Furniture.
- Boucher Road is Belfast's Primary Retail Warehouse & Car Showroom location.
- Adjacent to the former B&Q building where 65,000 sq ft is LET to The Range.
- Properties extend to c. 18,040 sq ft (1,676 sq m) on a site of c. 1.42 acres (0.57 hectares).
- Net income of £155,000 pa and rising to £165,000 pa in July 2023.
- 0% Landlord Liability as full service charges in place.
- Extensive on-site car parking with a gated service yard/turning area.
- Previous change of use planning permission for a convenience store in respect of Unit 2.
- Further on-site development potential in respect of the car parking area, subject to any required consents.
- Unit 1 EPC Rating - B39.
- Unit 2 EPC Rating - C52.
Housing Tenure
Type of Tenure
Not Provided
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