Lot 02 - 157/159 Albertbridge Road, Belfast, County Antrim, BT5 4PS

  • Unconditional Online Auction Sale
  • Maximum Reserve : £125,000

Maximum Reserve: £125,000

Prominent Showroom & Office Building

  • Area 236 sq m (2,544 sq ft)
  • Suitable for alternative uses (STPP)
  • Walking distance to Belfast City Centre

Location

The property is prominently located on the Albertbridge Road, one of East Belfast's primary arterial routes close to the city centre affording it high levels of passing vehicular trade. The property is located on the junction with Stormount Street close to Castlereagh Street.

Description

The property comprises a mix of retail/showroom, offices and stores over ground, first and second floors and benefits from a service delivery access point to the rear via Stormount Street. To the front of the building there is an enclosed tarmac covered area suitable for parking. Internally the building is finished to a good standard throughout.
The property is in a mixed commercial and residential area close to public transport amenities. Neighbouring occupiers in the area including LRG Sound & Vision, Freddie Hatchet Tailoring and Arts & Business Northern Ireland, Keens Furniture, Gordons Chemist, CLC Ireland and Connswater Shopping Centre is only a short walk away.

Tenancy

Sold with the benefit of vacant possession.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - C61

Planning

The building maybe suitable for conversion to residential subject to the necessary consents.

VAT

All figures quoted are exclusive of and may therefore be liable to VAT.

Title

Please refer to vendor’s solicitor for Title Pack or download from the iOK Auction website (www.iokauction.com).

Land and Property Services Rates Assessment

Net Annual Value: £7,250
Rate in the £ for 2022/2023: £0.551045

Accommodation

1 2 3 4 5
Ground Floor
Retail Area 64 sq m 689 sq ft
Office 1 28 sq m 297 sq ft
Store 1 17 sq m 185 sq ft
WC
First Floor
Office 2 16 sq m 169 sq ft
Office 3 16 sq m 169 sq ft
Office 4 44 sq m 477 sq ft
Kitchen 9 sq m 100 sq ft
Male & Female WCs
Second Floor
Office 1 15 sq m 160 sq ft
Office 2 26 sq m 276 sq ft
Total 236 sq m 2,544 sq ft

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Security Deposit

£5,000

Buyer's Administration Fee

£720

Maximum Reserve

£125,000

Vendors Solicitor

Katie Cooper, Cooper Wilkinson, Imperial Buildings, 38 Queen Elizabeth Road, Enniskillen, BT74 7BY
028 6632 2615

Agreement Documents

Additional Documents

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