Photo 1 of 1
For Sale

92-94 Botanic Avenue & 2B India Street, Belfast, BT7 1JR

Offers Over

£875,000

Calculate Mortgage Now
Retail

Location of 92-94 Botanic Avenue & 2B India Street

My Important Places

Add important places to see how far they are from this property.

description

INVESTMENT SUMMARY

•A highly prominent corner location comprising two retail units and 4 apartments on the first and second floors.

•Fully let, currently producing a gross rental income of £76,960 per annum and a net rental income (after deducting non recoverable residential insurance and rates) of £73,015 per annum.  

 

LOCATION

The subject property occupies a highly prominent corner location on Botanic Avenue, a thriving and bustling area, approximately 1 mile south of Belfast City Centre and in close proximity to Queen’s University, Belfast City Hospital and Botanic Railway Station.  Other occupiers in close proximity include Starbucks, Centra, Caffe Nero, Centra, Boojum, The House Hotel and soon to be opened Greggs.

The area is popular with students and young professionals. 

 

 

DESCRIPTION

This is a prominent 3 storey end of terrace property consisting of a double fronted retail unit fronting Botanic Avenue and a smaller retail unit fronting India Street.  

The first floor contains 1 no. 3 bedroom apartment and 1 no. 2 bedroom apartment and the second floor comprises 2 no. 3 bedroom apartments.

 

SCHEDULE OF ACCOMMODATION

92-94 Botanic Avenue     c.  110 m2 (1,185 ft2)

2b India Streetc.    25 m2 (   268 ft2)

 

1st FLOOR

Apartment 13 bedrooms

Apartment 22 Bedrooms

 

2nd Floor

Apartment 33 Bedrooms

Apartment 43 Bedrooms

 

PRICE

Offers in excess of £875,000, exclusive representing a Net Initial Yield of 7.95% assuming purchaser’s costs of 5%.  

 

For further details contact Michael Hopkins

Tel:  02890 500 100

Email:  mph@mckibbin.co.uk

 

Property Costs

  • Status: For Sale
  • Offers Over£875,000
  • Stamp Duty: £0*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer here for more information.

Downloads

Mortgage Calculator

10%
years
%

The calculations are for information purposes only, and should not be taken as a direct indicator of your mortgage repayments or all the data you need to choose a mortgage. Terms and conditions apply.

Similar Properties

Contact Agent

    McKibbin Commercial Property Consultants
    Callender House

    Other costs to budget for

    Wilson Nesbitt Solicitors

    Get a free property legal expenses quotation