Properties for sale in Belfast

In short

    4 self contained residential propertiesHMO compliantFully income producing until summer 2021A super investment opportunity
A small residential investment portfolio comprising an End Terrace and three mid terraced HMO properties, all currently let and income producing.

It is rare to able to purchase an uninterrupted block of residential property which would appear to have potential development value at some point in the future.
Each property is let on fixed term leases which automatically become periodic once the fixed term expires. The table below set out the current rent and lease terms.

We have managed the properties for over 5 years and can provide an insight to annual outgoings, voids, tenant profiles and repairs.

26 Lisburn Road let at £1,000 per month until 31/8/2021
28 Lisburn Road let at £1,100 per month until 31/7/2021
30 Lisburn Road let at £1,100 per month until 31/7/2021
32 Lisburn Road let at £1,150 per month until 30/6/2021

We have following this year discovered that demand for these properties remained strong we believe this is due to the superb location close to the city centre, city hospital is opposite and the close proximity to Queens Universities main campus.

With a gross annual rental income of £52,200 per annum exclusive this represents a gross yield of 5.8%.

In addition we believe this block may at some point in the future lend itself to redevelopment in a range of potential uses.

Any interested party should contact this office to arrange a viewing and further information if required.

Purchasers should make/commission their own inspections if they feel it is necessary.

As part of the new money laundering regulations, it is necessary that any party interested upon making an offer on the property will be required to provide photographic ID, utility bills and proof of funds.

Early viewing is highly recommended as we expect demand to be high viewings are by appointment only so please contact us on 028 90 683 711 or email info@hustonestateagents.com

Please do not forget to register on www.douglashuston.com to receive special offers and alerts on property about to come on the market.

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Call 028 9068 3711

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“I bought and sold my homes working with Douglas Huston they developed and explained a detailed sales strategy specifically developed for my home to get the highest possible price in the market”

Lana and Mark, South Belfast

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