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For Sale

INVESTMENT OPPORTUNITY 412-414 Antrim Road, Belfast, Antrim, BT15 5GA

Asking Price

£825,000

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Added 2 Weeks Ago
20 Beds
Apartment Block
D 64
EPC Rating

Location of INVESTMENT OPPORTUNITY 412-414 Antrim Road

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features

  • Investment Opportunity of a Fully Let Portfolio
  • 12 Self Contained Apartments Spread Across Two Buildings
  • 7 x 2 Bedroom Apartments
  • 5 x 1 Bedroom Apartments
  • Current Rental Income of £62,100 per annum with Potential to Increase
  • Yield of Approx. 7.5% based on ERV
  • Located in the Popular North Belfast Suburb of Fortwilliam - Antrim Road is one of Belfast’s Main Arterial Routes
  • All Apartments have GFCH
  • Both Buildings Fully HMO Compliant
  • Opportunity for Further Development (previous planning application passed for addition of 3 apartments ref Z/2007/2021/F - giving 9 x 2 bed apartments and 6 x 1 bed apartments)

description

412 & 414 Antrim Road are conveniently located on the Antrim Road between Kansas Ave and Salisbury Avenue providing excellent links with Belfast City Centre which is only 3.5 miles away. This location is very convenient and offers a wealth of amenities within walking distance as well as a reliable and frequent public transport network. Access to the M2 motorway network can easily be had by travelling down Fortwilliam Park.

Building 412 comprises of 4 apartments – 3 x 2 bed apartments across the first three levels with a 1-bedroom apartment on the top level. 414 Antrim Road offers 4 two-bedroom apartments and 4 one-bedroom apartments across four levels. All apartments have been modernised, the buildings are fully HMO compliant with linked fire alarm systems and offer gas fired central heating. There is off road parking situated to the front of the building. Comparable evidence in the neighbourhood would suggest that rental values are increasing and given the rise in popularity of serviced accommodation, this may be another avenue worth exploring to maximise rental income.

Planning was granted for three additional apartments in 2008 and this may be something the next owner may wish to re-visit.

A full breakdown of the rental values are on the attached brochure.

 

Property Costs

  • Status: For Sale
  • Asking Price£825,000
  • Stamp Duty: £31,250*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer here for more information.

Mortgage Calculator

in association withUlster Bank
10%
years
%
£3,544.81 per month
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Contact Agent

McAllister Estate Agents
45a High Street

Energy Performance Certificate

This property has an energy efficiency rating of

D 64

Other costs to budget for

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