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For Sale

Adelaide Business Centre, Apollo Road, Belfast, BT1 2HP

Offers in the region of

£1,250,000

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Retail

Location of Adelaide Business Centre

The property is situated on the Apollo Road, just off the Boucher Road c.2.1 miles south west of Belfast City Centre. Boucher Road consists of retail, warehouse, office, tradecounter and car showroom uses. Occupiers in the immediate area include M&S Simply Food, Chain Reaction Cycles, Charles Hurst, Home Bargains, Lakeland, DW Sports Fitness and Harvey Norman.

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description

The property consists of a commercial complex comprising a two-storey office building fronting onto

a car park overlooking Apollo Road, behind which sits two rows of warehouse units. The warehouses

initially provided seven units on either side and are separated from one another by a central corridor

void which in turn facilitates access to additional office units at the end of each warehouse unit.

The offices are constructed around a steel frame with profiled metal cladding to the external leaf. The

warehouse units are constructed of a steel frame with brick and block walls. Each warehouse unit has

a full height roller shutter door.

The accommodation is sub divided into 46 no. units (14 warehouse units and 32 office units) totalling

45,990 sq ft (18,925 sq ft warehouse and 27,065 sq ft office). The property is currently c.57%

(26,224 sq ft) occupied, c.43% (27,065 sq ft ) vacant and in need of some refurbishment. Tenants

include We Buy Any Car, Clear Pharmacy, Irish Football Association and Signature Works.

196 no. car parking spaces are marked out at the property and only 19 are dedicated.

The current gross rent is £104,422 per annum. The property offers significant asset management

opportunities, if all the office space was let at £10 psf and all warehouse space was let at £4 psf

the rent would be c.£328,000 per annum (potential purchasers to satisfy themselves on potential

rental rates achievable). Please note the current service charge is £2.15 psf and the current insurance

premium is £0.12 psf.

Copy detailed tenancy schedule, service charge schedule and floor plans are available from the selling

agent.

Please note all measurements are provided on a gross internal basis although many units have been

altered internally by various tenants. Perspective purchasers should satisfy themselves on existing

layout and net measurements.

Property Costs

  • Status: For Sale
  • Offers in the region of£1,250,000
  • Stamp Duty: £0*

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

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CBRE
The Linenhall

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