The Lisburn Road is located in the heart of the South Belfast an affluent residential area of Belfast. The local area is famed for its leafy suburbs, restaurants, bars and
exclusive shopping boutiques some of which include The Albany, Oliver Bonas, The French Village and Fred J Malcolm’s.
The Lisburn Road is also a main aerial route between the city centre and the residential areas of Malone, South Belfast and leading to Lisburn. The area is a
short journey away from the city centre of Belfast and has a mixed demographic including large proportion of students living nearby and the more affluent Malone
Road where 84% of the residents fall into the ABC1 social class. Other nearby attractions include the Ulster Museum, The Botanic Gardens and Windsor Park.
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Highly Prominent Mixed Use Investment property on Lisburn Road
Comprises a Ground Floor Commercial Unit with 3 bedroom Apartment over upper floors
Currently producing a gross rental income of £26,000 p.a
Guide Price £325,000
The subject property comprises an end terrace building incorporating a ground floor commercial unit with rear service area, a 3 bedroom apartment arranged over first and second floors which is accessed via Ethel Street and a vacant garage to the rear. The property also benefits from a gable wall advertising board.
ACCOMMODATION & TENANCIES
The property currently produces a gross annual rent of £26,000. Further details are outlined in the table in the images and brochure.
We are advised that the property is held by way of a 9000 year lease from 1 May 1956. The ground rent currently payable is £20.00 per annum.
We are advised that the subject property is Not registered for VAT.
EPC G160 – a copy of the EPC is available upon request.
We are seeking offers in excess of £325,000 (Three Hundred & Twenty Five Thousand Pounds) subject to Title & Contract.
Riddell McKibbin Limited and TDK Propertyfor themselves and for the Vendors or Lessors of the property whose agents they are give notice that; i) these particulars are given without responsibility of Riddell McKibbin Limited and TDK Propertyor the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; ii) Riddell McKibbin Limited and TDK Propertycannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; iii) no employee of Riddell McKibbin Limited and TDK Property has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; iv) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; v) Riddell McKibbin Limited and TDK Propertywill not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.
Status: For Sale
Guide Price: £325,000
Stamp Duty: £0*
* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.