Lot 02 - 174 Albertbridge Road, Belfast, Co Antrim, BT5 4GS

  • Unconditional Online Auction Sale
  • Maximum Reserve : £150,000

Maximum Reserve: £150,000

Prominent Commercial Building

  • Prominently located on the Albertbridge Road
  • Fully let investment producing £11,200 p.a / Net Initial Yield 7.33%.
  • Sold subject to tenancies

Location

The property is prominently located on the Albertbridge Road, one of East Belfast's primary arterial routes within walking distance of the city centre affording it high levels of passing vehicles and footfall. The property is located on the junction with Paulett Avenue close to Templemore Avenue. Local commercial occupiers include Freddie Hatchet Tailoring, Gordon’s Chemists, Keens and Connswater Shopping Centre is in close proximity.

Description

The property is a two storey traditionally constructed building featuring a pitched roof and rendered/painted exterior. Internally the property provides office accommodation across two floors which are separately let. The office is finished to include plastered/painted walls, carpeted flooring, perimeter trunking, kitchenette and WC. The property benefits from access off Albertbridge Road and Paulett Avenue.

Tenancy

The ground floor has been let to the Ulster Unionist Party on a 5 year lease at £8,800 p.a. The first floor is let to another tenant on a monthly basis of £200 pcm (£2,400 p.a).

Total annual rent £11,200 exclusive.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - D95.

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

Ground Floor - Net Annual Value: £4,400
First Floor - Net Annual Value: £4,500
Non Domestic Rate in the £ for 2022/2023: £0.551045

Accommodation

1 2 3 4 5
Areas provided by Land & Property Services
Ground Floor 838 sq ft 77.9 sq m
First Floor 1,076 sq ft 100 sq m
Total Area 1,914 sq ft 177.9 sq m

Loading the bidding panel...

Security Deposit

£10,000

Buyer's Administration Fee

£720

Maximum Reserve

£150,000

Vendors Solicitor

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

Agreement Documents

Additional Documents

Related Documents

Make an Enquiry

Submit an enquiry and someone will be in contact shortly.

 
*  
*  
*
*
*

Share