Lot 07 - 9-11 Donegall Road, Belfast, Co Antrim, BT12 5JJ

  • Unconditional Online Auction Sale
  • Maximum Reserve : £95,000

Maximum Reserve: £95,000

Fully Let Retail investment opportunity

  • Two terrace commercial buildings on busy arterial route
  • Close proximity to Belfast city centre
  • Annual rental income £14,700 exc reflecting a net yield of 15.2%

Location

The properties are located on the Donegall Road, a popular commericial / residential thoroughfare that runs from Shaftesbury Square to Broadway Roundabout. The property is located at the cross roads where the Donegall Road meets Sandy Row, approximately 0.6 miles from Belfast city centre and in close proximity to the M1 motorway and Boucher Road.

Description

The property comprises two terrace commercial buildings fronting onto Donegall Road just off Shaftesbury Square.

Unit 9 comprises a ground floor retail area with ancillary office and kitchen. The first floor provides two additional store rooms and a bathroom with a further store room on the second floor.

Unit 11 comprises a ground floor retail area with ancillary office, kitchen, toilet and store room.

Accommodation

9 Donegall Road
Ground Floor 447 sqft (41.5 sqm)
First Floor 367 sqft (34 sqm)
Attic Store 191 sqft (17.7 sqm)

11 Donegall Road
Ground Floor 416 sqft (38.7 sqm)

Tenancy

9 Donegall Road (t/as Blue Nile Groceries)
Lease commenced 1st October 2016 and expires on 30th September 2026.
Rent Review 1st October 2021.
Rent £7,500.

11 Donegall Road (t/as Courtesy Cabs)
Lease commenced 1st February 2018 and expires on 31st January 2028.
Rent Review 1st December 2023.
Rent £7,200

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - 9 - F143 / 11 - F134

Land and Property Services Rates Assessment

Number 9 - Net Annual Value: £3,050
Number 11 - Net Annual Value: £1,950
Rate in the £ for 2019/2020: £0.614135

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Security Deposit

£5,000

Buyer's Administration Fee

£720

Maximum Reserve

£95,000

Vendors Solicitor

Karen Boal, Richard Monteith Solicitors, 32-34 Portmore Street, Portadown, BT62 3NG
028 3833 0780

Agreement Documents

Additional Documents

Related Documents

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