•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.
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.
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)
Apartment 13 bedrooms
Apartment 22 Bedrooms
Apartment 33 Bedrooms
Apartment 43 Bedrooms
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