Lot 14 - Head Line Building, 10-14 Victoria Street, Belfast, Co Antrim, BT1 3GG

  • Unconditional Online Auction Sale
  • Maximum Reserve : £1,300,000

Maximum Reserve: £1,300,000

Prime single let city centre office investment

  • Building extends to 13,200 sq ft with on-site car parking
  • Annual passing rent £155,000 exc
  • Prominent Listed Office Building

Location

Head Line Building occupies a prominent corner site fronting onto Victoria Street and Waring Street. Situated close to Custom House Square, the property benefits from its close proximity to Cathedral Quarter which is established as the city’s premier destination for bars, restaurants, hotels and city living.
Custom House Square is an area of great historical importance with its landscape lending itself for use as a public arena. The Square is dominated by the magnificent two storey Italianate Custom House opposite, designed by the renowned Belfast Architect Charles Lanyon and The Albert Memorial Clock is also close by.

Description

Head Line Building is a B1 listed (HB26/50/053) office building providing ground, first, second, third floors over basement. Originally constructed in 1863, the subject is a symmetrical multi-bay three-storey sandstone and brick Italianate office building, comprises 13,200 sq ft approximately of fully fitted office accommodation with on-site basement car parking.
The property was refurbished in 1976 and also extensively refurbished in 1999/2000 (planning references: Z/1998/2540 & Z/1998/2547).

Accommodation

13,200 sq ft (1,226 sq m)
Areas provided by vendor.

Tenancy

The building is let in its entirety to the Department of Finance & Personnel (occupied by NIJAC) at a passing rent of £155,000 per annum until 6th January 2027

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - E125

Planning

The Headline Building is Grade B1 listed HB26/50/053. The building was most recently refurbished in 1999 planning references Z/1998/2540 & Z/1998/2547.

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: £109,000
Rate in the £ for 2022/2023: £0.551045

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Security Deposit

£10,000

Buyer's Administration Fee

£720

Maximum Reserve

£1,300,000

Vendors Solicitor

Victor Sefton, Kearney Sefton, Franklin House, 10-12 Brunswick Street, Belfast, BT2 7GE
028 9023 2940

Agreement Documents

Additional Documents

Related Documents

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