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For Sale

Custom House Square, 6-8 Ulster Street, Belfast , County Antrim, BT1 3EW

Offers in the region of

£370,000

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Investment
C 60
EPC Rating

Location of Custom House Square, 6-8 Ulster Street

The subject property is located in Belfast City Centre, the commercial, tourist and cultural hub of Northern Ireland. Situated in Custom House Square, the property benefits from it’s close proximity to Cathedral Quarter which is established as the city’s premier destination for bars, restaurants, hotels and city living. A dynamic mix of occupiers, against the backdrop of some of the city’s oldest and most beautiful streets and buildings – sets the location apart as one of Belfast’s most exciting places to work, visit and live. Custom House Square lies only a short distance from St Anne’s Cathedral, with various hotels and corporate occupiers such as Allen & Overy, Grafton Recruitment, Tughans and Royal Mail all in the vicinity. Located 0.4 miles from the subject is the new Ulster University Campus which when complete will cater for 15,000 students and staff. There are a number of public car parks in the locality and excellent road infrastructure provides easy access to the motorway network, which is c. 0.5 miles from the property. Customs House is a key link between the Cathedral Quarter, City Centre and The Waterfront/Titanic Quarters.

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Investment summary

*  Restaurant Investment opportunity located in Belfast City Centre.
*  Attractive ground floor retail unit, fitted out to a high standard.
*  Let on a new 10 year lease (tenant only break option at end of year 7).
*  FRI by way of service charge.
*  Initial rent of £30,000 per annum exclusive reflecting £13.40 psf.
*  Offers sought in the region of £370,000 reflecting a net initial yield of 7.80%, allowing for purchaser’s costs of 3.96%.

Property Costs

  • Status: For Sale
  • Offers in the region of£370,000
  • 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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in association withUlster Bank
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Lambert Smith Hampton
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