For Sale

5 PILOTS VIEW, HERON ROAD, Belfast, BT3 9LE

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Location of 5 PILOTS VIEW

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features

  • Fully let off ice investment opportunity
  • Comprises 4,545 sq.ft. over 2 no. floors.
  • Let to ASM Financial Planning Ltd. for 10 years.
  • Lease guaranteed by Fairstone Capital Investment
  • Net rental income of £29,000 p.a.x
  • 18 carpark spaces.
  • Ground rent payable by the Tenant.
  • Asking Price £320,000. This reflects an attractive net inital yield of 8.8% assuming purchasers' costs of 3.52%.

description

The subject property is a two storey office block with 18 no. dedicated car parking spaces. The unit is of steel frame construction with brick/blockwork walls and a metal clad roof.
Internally the unit is finished to a high standard to include; raised accessed flooring, carpet flooring, plaster painted walls and suspended ceiling with recessed strip lighting. The heating is a combination of gas heating and an air conditioning heating / cooling system.
Title
The property is held by way of a long leasehold title, for a term of
125 years from 2001. The ground rent is reviewed every 5 years,
with the last rent review completed in 2016.
The ground rent liability is currently £11,034 per annum and is
payable by the tenant.

Property Costs

  • Status: For Sale
  • From£320,000

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Lisney (Belfast)
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