For Sale

OFFICE INVESTMENT (Producing £265,000 Per Annum) - Metropolitan Building, Central Park, 29-31, BT2 8ED

Photo 1 of 15
Office

Location of OFFICE INVESTMENT (Producing £265,000 Per Annum) - Metropolitan Building, Central Park, 29-31

map

My Important Places

No important places

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

  • features
  • comprises
  • description

features

  • Modern, self contained, office building with 4 on site parking spaces.
  • Situated in Belfast city centre, south of the City Hall close to a range of fully occupied office buildings, BBC Headquarters, Invest NI Headquarters, Ulster Hall, Premier Inn and Holiday Inn hotels,
  • Arranged on ground, first and second floors totalling 14,335 sq ft.
  • Let to Oval Insurance Broking Ltd. (a wholly owned subsidiary of Arthur J Gallagher & Co., a NYSE listed company, 4th the largest insurance broker in the world). Ground and first floors sub let to
  • Currently producing an income of £265,000 pa, FRI with an upwards only rent review scheduled to occur 1 April 2023.
  • Lease expires 31 March 2028 (c 6.3 years without breaks).
  • Offers over £3.75m.

comprises

MAIN

14,335 sq ft.

description

Central Park is a modern, mixed use, office and residential scheme comprising two blocks fronting onto Alfred Street and Adelaide Street with on site parking for 44 vehicles accessed off an adjacent laneway.
The subject block, known as Metropolitan Building, forms part of the scheme fronting Alfred Street and comprises a self-contained office component arranged on ground, first and second floors with residential above which is accessed separately. Parking for 4 vehicles is allocated to the subject.
Each office floor is served by an 8 person ‘Otis’ lift and there are stairs from a rotunda feature ground floor entrance foyer, with emergency exits.
The offices are fitted out to a Grade ‘A’ standard with raised access flooring, carpets, wall finishes, suspended ceilings/lighting and air conditioning throughout. Under the sub lease the space at ground and first floors are fitted out as offices and consulting rooms.

Property Costs

  • Status: For Sale
  • POA
  • 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.

Mortgage Calculator

10%
years
%

This calculation is for information purposes only, and should not be taken as a direct indicator of your mortgage repayments or all the data you need to choose a mortgage.

Contact Agent

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Lisney (Belfast)
1st Floor, Montgomery House

Other costs to budget for

wilson nesbitt logo
Wilson Nesbitt Solicitors

Get a free property legal expenses quotation