For Sale

118-122 Castlereagh Street, Belfast , BT5 4NL

Guide Price

£345,000

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Apartment Block

Location of 118-122 Castlereagh Street

The property is situated close to junction of Castlereagh Street, Castlereagh Road , Beersbridge Road and Templemore Avenue in a high profile location within east belfast.

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features

  • Prime investment opportunity in East Belfast
  • Six residential apartments currently let on fixed term agreements
  • Achieving rent of £36,000 per annum producing a yield of 10.43%

comprises

118A Castlereagh Street
1 Bed Apartment --- 38 SQ M --- 409 SQ FT
118B Castlereagh Street
2 Bed Apartment --- 73 SQ M --- 786 SQ FT
120A Castlereagh Street
1 Bed Apartment --- 38 SQ M --- 409 SQ FT
120B Castlereagh Street
2 Bed Apartment --- 73 SQ M --- 786 SQ FT
122A Flat 1 Castlereagh Street
1 Bed Apartment --- 36 SQ M --- 388 SQ FT
122A Flat 2 Castlereagh Street
1 Bed Apartment --- 47 SQ M --- 506 SQ FT

description

McQuoids are delighted to offer this excellent investment of six residential apartments located in a popular area of East Belfast. The apartments are a mix of one and two bed properties currently generating a gross yearly income of £36,000.


The Property Comprises:

118A CASTLEREAGH STREET
1 Bed Apartment / 409 SQ FT / £400pcm


118B CASTLEREAGH STREET
2 Bed Apartment / 786 SQ FT / £625pcm


120A CASTLEREAGH STREET
1 Bed Apartment / 409 SQ FT / £400pcm


120B CASTLEREAGH STREET
2 Bed Apartment / 786 SQ FT / £625pcm


122A CASTLEREAGH STREET
1 Bed Apartment / 388 SQ FT / £450pcm


122B CASTLEREAGH STREET
1 Bed Apartment / 506 SQ FT / £500pcm


Total per month: £3,000

Property Costs

  • Status: For Sale
  • Guide Price£345,000
  • Stamp Duty: £7,250*

* 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

in association withUlster Bank
10%
years
%
£1,482.37 per month
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McQuoids
432-434 Ormeau Road

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