For Sale

436-438 Ormeau Road, Belfast, BT7 3HY

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Commercial Property

Location of 436-438 Ormeau Road

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  • features
  • description

features

  • Occupying a prominent position on one of Belfast's main arterial routes in a popular and affluent suburb.
  • Extending to approximately 1,222 sqft (113.53 sqm) over three floors.
  • Fully let producing a rental income of £23,000 p.a. exclusive.

description

Location

An excellent opportunity exists to acquire an investment property on the Ormeau Road, one of the main arterial routes in Belfast.



The mid-terrace property is situated within a prominent and well established retail parade in this affluent residential suburb, close to Forestside Shopping Centre and approximately 2 miles from the City Centre.



Neighbouring occupiers include McQuoids Estate Agents, Sloans Gas Energy Centre and Rooms Bespoke Furniture.



Description

The property of traditional construction, is arranged over 3 floors, providing a ground floor café whilst the upper floors, benefitting from separate access, provides office accommodation with ancillary kitchen and WC/shower facilities.



The café with its glazed shopfront is finished internally with plastered/painted walls & ceilings, with feature lighting and terrazzo flooring to the customer seating area with the kitchen and prep area to the rear.



The upper floors are finished to include plastered/painted walls and ceilings and carpeted floors.



Accommodation

The property provides the following approximate Net Internal areas:



Ground Floor Cafe: 494 sqft (45.89 sqm)

1st Floor Office: 453 sqft (42.08 sqm)

2nd Floor Office: 275 sqft (25.55 sqm)

Total Area: 1,222 sqft (113.53 sqm)



Tenancy Details

The ground floor is held under lease by Lumiere Events Limited t/a The Rosetta Café for a term of 10 years from May 2012 at a rent of £15,000 per annum exclusive.



The upper floors are leased to the same tenant on a coterminous agreement at a rent of £8,000 per annum exclusive.



Title

Assumed freehold or long leasehold.



Price

On application.



VAT

Please note all prices, rentals and outgoings are quoted net of VAT which may be chargeable.

Property Costs

  • Status: For Sale
  • POA
  • 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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