For Sale

98 University Street, Belfast, Antrim, BT7 1HE

Offers Over

£97,500

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Photo 1 of 5
Investment
D 97
EPC Rating

Location of 98 University Street

University Street links the Ormeau Road with University Road and runs through the heart of the University area in South Belfast. The subject property occupies a prominent position on University Street located between Eblana Street & Canterbury Street in close proximity to Queen’s University. Surrounding occupiers include Estate Agents, Solicitors, Architects, the Holiday Inn Hotel and a range of retailers and restaurants on Botanic Avenue and University Road.

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features

  • A Modern Ground Floor Office Investment
  • Let until 28th Dec 2024
  • Currently let at £8,304 p.a exclusive
  • Seeking offers in excess of £97,500 exclusive reflecting a G.I.Y of 8.52%

description

DESCRIPTION

The subject is a ground floor own door office suite benefiting from a glazed office front secured by an electric roller shutter and alarm system.

The accommodation is fitted to a good specification to include a combination of carpets & anti-slip floor coverings, perimeter trunking, plaster and painted walls, suspended ceiling with recessed lighting, Air Conditioning (Heating & Cooling) & GFCH, kitchen and WCs.

 

TENANCIES

The property is currently let to Transgender NI on an Internal Repairing lease from 1st January 2020 until 28th December 2024. The passing rent is £8304 p.a exclusive of VAT.

 

The lease allows for the recovery of the fair proportion of the building Insurance and annual Service Charge to cover external repairs, maintenance & management of the common parts of the building. The current annual Insurance & Service Charge cost is £537.84 p.a

 

 

RATEABLE VALUE

NAV: £7,650

Rate in £ (2020-2021): 0. 538166

Estimated Rates Payable 20/21: £4,117 per annum.

The property should benefit from the Small Business Rates Relief Scheme, which would provide an occupier with a 20% reduction in rates payable. However; we recommend that you verify this with Land & Property Services.

 

 

TITLE

We understand that the property is held Freehold/Long-Leasehold.

 

 

ACCOMMODATION (All areas are approximate)

We have calculated the approximate Net Internal Areas to be as follows:

 

Front Office / Community Hub 398 sq.ft (36.93 sq.m)

Rear Office 168 sq.ft (15.57 sq.m)

Stores 23 sq.ft (2.14 sq.m)

Kitchen 44 sq.ft (4.06 sq.m)

W.Cs - -

Total 633 sq.ft (58.70 sq.m)

 

 

PRICE

We are seeking offers in excess of £97,500 exclusive.

 

 

VAT

The property has been elected for VAT. It is envisaged the transaction will be treated as a TOGC.

 

EPC

D97 - A copy of the EPC is available upon request.

 

FURTHER INFORMATION
For more information or to arrange a viewing please contact:

Mark Riddell
07920 186523
mark@riddellmckibbin.com


Martin McKibbin
07715 269699
martin@riddellmckibbin.com

 

Riddell McKibbin
3rd Floor
7-11 Linenhall Street
Belfast
BT2 8AA
028 9531 3122
www.riddellmckibbin.com

Property Ref: RM0062

 

 

Riddell McKibbin Limited for themselves and for the Vendors or Lessors of the property whose agents they are give notice that; i) these particulars are given without responsibility of Riddell McKibbin Limited or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; ii) Riddell McKibbin Limited cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; iii) no employee of Riddell McKibbin Limited has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; iv) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; v) Riddell McKibbin Limited will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.

Property Costs

  • Status: For Sale
  • Offers Over£97,500

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Riddell McKibbin
3rd Floor

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