Investment property fully let until July 2019 and March 2020 respectively.
Situated opposite the Ulster Museum this building is prominently located on the Stranmillis Road surrounded by well-known brass plate occupiers.
Over the last 5 years there has been an increase in retail and café occupiers making this an attractive location for a wide range of business. Companies that need to entertain or meet clients or customers in informal areas have a huge choice ranging including Café Conor, Cambridge Barbour's, Barnams Ice Cream and others.
The area is well served with a regular bus services and Botanic Railway Station a short distance to the North East. Parking in the area has been improved with new clearway rules in place on the main Stranmillis Road.
A superb mid-terraced office building extending in total to 2,045 sq.ft. with many original features retained.
Ground floor comprising office 1, 2 & 3 and store 704 sq.ft. now let as a self contained retail unit until March 2020.
The first floor comprises office 4, 5 & 6 totalling 691 sq.ft.
The second floor comprising offices 7, 8 and 9 total 650 sq.ft
Let to an office occupier until July 2019.
All tenancies are subject to a service charge which will include heating costs, reasonable use of electric, management fees and buildings insurance. Depending upon the size of letting the service charge and the items included is variable.
The building is subject to VAT at the prevailing rate.
Ground Floor is let to Books Paper Scissors at a rent of £7,500 plus VAT per annum.
First & Second Floor is let to Trackars Limited at a rent of £9,166.66 plus VAT per annum.
Thus a total rent excluding VAT of £16,666.66 per annum.
We are seeking offers in the region of £320,000.00 plus VAT.
A well let investment property which should continue to produce a strong rental income for the foreseeable future. As the Queens Quarter grows in strength we expect this area to see continued growth with new developments of office, residential and community uses all well underway which we expect to add to the desirability of the area.
Viewing is highly recommended and if you have any further questions please do not hesitate to contact us on 028 90 683 711
As part of the new money laundering regulations it is necessary that any party interested in making an offer on the property will be required to provide photographic id, utility bills and proof of funds.