For Sale

118-122 Castlereagh Street, Belfast, BT5 4NL

Offers Over

£800,000

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Photo 1 of 14
Added 2 Weeks Ago
Apartment Block
B 85
EPC Rating

Location of 118-122 Castlereagh Street

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  • features
  • comprises
  • description

features

  • Mixed Use Investment - Fully Let

comprises

Unit 1

Retail
c.337 sq.ft. (31.3 sq.m.)
Storage
c.89 sq.ft. (8.3 sq.m.)

Unit 2

Salon
c.638 sq.ft. (59.3 sq.m.)
Kitchen
c.47 sq.ft. (4.4 sq.m.)
Offices
c.69 sq.ft. (6.4 sq.m.)
1st Floor Offices
c.114 sq.ft. (10.6 sq.m.)

Unit 3

Gross internal
c.691 sq.ft. (64.2 sq.m.)

Upper Floor

118A One Bed Apt
c.409 sq.ft. (38 sq.m.)
118B Two Bed Duplex Apt
c.786 sq.ft. (73 sq.m.)
120A One Bed Apt
c.409 sq.ft. (38 sq.m.)
120B Two Bed Duplex Apt
c.786 sq.ft. (73 sq.m.)
122 A One Bed Apt
c.388 sq.ft. (36 sq.m.)
122B One Bed Apt
c.506 sq.ft. (47 sq.m.)

description

INVESTMENT SUMMARY

  • Fully let mixed use investment
  • Prime location in East Belfast
  • Current Total Income (net) £67,180 p.a. excl
  • Excellent asset management opportunities

LOCATION / DESCRIPTION

Extended three storey mid terrace building comprising three ground floor retail Units and six upper floor apartments in a very high-profile location. Situated close to the junction of Castlereagh Street, Templemore Avenue, Castlereagh Road/ Beersbridge Road.

PRICE
Seeking offers over £800,000

ACCOMMODATION

3 Retail Units

Unit 1
Retail c.337 sq.ft. (31.3 sq.m.)
Storage c.89 sq.ft. (8.3 sq.m.)
plus W.C.

Total Unit 1 c.426 sq.ft. (39.6 sq.m.)

Unit 2
Salon c.638 sq.ft. (59.3 sq.m.)
Kitchen c.47 sq.ft. (4.4 sq.m.)
Offices c.69 sq.ft. (6.4 sq.m.)
1 st Floor Office c.114 sq.ft. (10.6 sq.m.)
plus Bathroom

Total Unit 2 c.868 sq.ft. (80.7 sq.m.)

Unit 3
Gross internal c.691 sq.ft. (64.2 sq.m.)

Total Retail Units c. 1,985 sq.ft. (184.25 sq.m.)


6 Upper Floor Apartments

118A One Bed Apt c.409 sq.ft. (38 sq.m.)
118B Two Bed Duplex Apt c.786 sq.ft. (73 sq.m.)
120A One Bed Apt c.409 sq.ft. (38 sq.m.)
120B Two Bed Duplex Apt c.786 sq.ft. (73 sq.m.)
122A One Bed Apt c.388 sq.ft. (36 sq.m.)
122B One Bed Apt c.506 sq.ft. (47 sq.m.)
*NB Sizes as provided by client – TRC have not measured the Apts

Total Accommodation c.5,289 sq.ft. (491 sq.m.)

TENANCY DETAILS

3 Ground Floor Retail Units Totalling £29,500 p.a. excl

6 Apartments (net) £37,680 p.a. excl. on short term tenancies

Total Net Rent £67,180 per annum excl.
(further details on request to genuinely interested parties)

RATEABLE VALUES

118-120 Retail Total NAV £9,950

118 Apt A Capital Value £32,000
118 Apt B Capital Value £48,000
120 Apt A Capital Value £34,000
120 Apt B Capital Value £56,000
122 Apt A Capital Value £32,000
122 Apt B Capital Value £50,000

VAT
All prices and rentals are quoted exclusive of VAT, which we understand is not chargeable on the purchase price.

VIEWING
By appointment with Sole Agent 028 9042 4747 or contact Gareth McGimpsey 07710 858734 

Property Costs

  • Status: For Sale
  • Offers Over£800,000
  • RatesNot Provided
  • Stamp Duty: £30,000*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.

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Housing Tenure

  • Type of Tenure: Not Provided

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Templeton Robinson (Commercial)
54 High Street

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