Photo 1 of 5
For Sale

23 Donegall Road, Belfast, Down, BT12 5JJ

Offers in the region of

£175,000

Calculate Mortgage Now
Added 2 Weeks Ago
Investment
C 68
EPC Rating

Location of 23 Donegall Road

My Important Places

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

features

  • Part Let Investment - Ground Floor Retail with Upper Floor Offices

comprises

Retail/Former Opticians
c.377 sq.ft. (34.9 sq.m.)
Garage/Store
c.114 sq.ft. (10.6 sq.m.)
Offices Vacant
c.173 sq.ft. (16.1 sq.m.)
Offices Let
c.269 sq.ft. (25 sq.m.)
Offices Let
c.317 sq.ft. (29.4 sq.m.)
Kitchen
c.79 sq.ft. (7.4 sq.m.)

description

Location

The subject property is located on the Donegall Road, Belfast on a prominent corner site at its junction with Wesley Street, in close proximity to Shaftsbury Square and Bradbury Place. Neighbouring occupiers includes: Kensington Group Practice Doctors Surgery, Allens Furniture, Allens Tours,  KFC, Oasis Gaming and Brooklyn Square Restaurant.

Description

The subject is a former ground floor opticians arranged as front retail/ showroom with rear private surgery/office plus kitchen dock under the stairs and separate W.C.  There is also access to a shared garage.

The ground floor retail has air conditioning and underfloor heating. The building itself has oil fired central heating and a Zoned alarm system.

First and Second Floors are accessed via a separate side entrance. Part of the first floor and all of the second floor is occupied by Escape Belfast as gaming space. It is finished to include solid floor overlaid with carpet, plastered and painted walls and double glazed windows.

ACCOMMODATION

Ground Floor:
Retail/Former Opticians c.377 sq.ft. (34.9 sq.m.)
Garage/Store c.114 sq.ft. (10.6 sq.m.)

First Floor:
Offices Vacant c.173 sq.ft. (16.1 sq.m.)
Offices Let c.269 sq.ft. (25 sq.m.)

Second Floor:
Offices Let c.317 sq.ft. (29.4 sq.m.)
Kitchen c.79 sq.ft. (7.4 sq.m.)

Total Accommodation c.1,329 sq.ft. (123.4 sq.m.)

VAT
The building is registered for VAT therefore VAT is chargeable on the Rent and Service Charge.

NAV
Ground and Part First Floor £2,550
Part First Floor- Front £1,800
Second Floor £1,650

Prospective purchasers are advised to make their own enquiries

TENANCY
Part First Floor and all Second Floor Offices Let on a Three Year Lease from 1st Aug 2016 at a current passing rent of £5,250 pa.

SALE DETAILS
The vacant space is currently available at a quoting rent of £7,200 pa,  giving a total ERV for the building of £12,450. A sale at £175,000 would give a Net Initial Yield of c 7% allowing for standard purchasers costs of c 2.1% or an attractive capital value of c £130 per sq.ft. 

Property Costs

  • Status: For Sale
  • Offers in the region of£175,000
  • Stamp Duty: £0*

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

Downloads

Mortgage Calculator

in association withUlster Bank
10%
years
%
£751.93 per month
How much could I borrow?

These results are not provided by Ulster Bank and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Contact Agent

Templeton Robinson (Commercial)
54 High Street

Other costs to budget for

Wilson Nesbitt Solicitors

Get a free property legal expenses quotation