For Sale

College Court Central, King Street, Belfast, BT1 6AD

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Investment

Location of College Court Central

The subject property is located within Belfast City Centre on King Street, just off Castle Avenue. Situated in a highly accessible location, the subject is c. 5 minutes walk from Belfast City Hall and Donegall Place, Belfast prime retailing core. The property is situated in the heart of the city centre and benefits from all the amenities a major city has to offer.

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features

  • Income producing City Centre residential investment.
  • 44 no. 2-bed apartments, with 28 let on annual leases.
  • All apartments are fully furnished.
  • Current gross income of £240,840 per annum (£20,070 per month).
  • Held long leasehold for a period of 750 years from 2006 subject to a ground rent of £265 per annum per apartment.
  • Available as a single lot or may be split into smaller lots.
  • Great opportunity to acquire excellent city centre apartments with immediate rental income or capital returns.

description

The subject property is a modern apartment complex which was constructed in 2009. A number of apartments have been sold and rented privately since construction. The 44no. 2 bed apartments which are available are all located on the 4th, 5th, 6th, 7th, 8th & 9th floors and come fully furnished. 28 are let on annual leases to private individuals for an average of £717 per month (£20,070 per month gross).

Property Costs

  • Status: For Sale
  • POA

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