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Leasehold

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Material Information


Features

  • Trade Counter/Warehouse Unit
  • On site parking
  • Oil Fired and Electric Heating
  • Roller shutter door to front elevation
  • Suitable for a wide variety of retail and warehousing uses

Nearest Stations

For Sale due to retirement Situated in a highly prominent location just off the Boucher Road. The property comprises a semi-detached warehouse and trade counter of concrete block walls and steel portal frame construction on a self-contained site. We are instructed to market the remaining 45-year lease from Belfast City Council, subject to a head rent of £15,000.00 and the benefit of a sub-lease paying £7,500.00, leaving a net ground rent payable of £7,500.00.

The property sits on a site of 0.17 acres provding a building with a Gross Internal Area of 5,666 sq ft car parking to the front. 

The premises occupy a prominent site on Balmoral Road, just off Boucher Road in South Belfast. Neighbouring businesses include The Range, Prison Island Belfast, MacBlair, NIR Adelaide Railway Depot, Lakeland, and Tesco Distribution
Centre. Boucher Road is one of Northern Ireland’s premier trade counter, showroom and retail warehousing locations situated approximately 2.5 miles from Belfast City Centre and with excellent access to the M1, Westlink and M2/M5 motorways.

The building has a single span pitched roof constructed from a mix of corrugated sheeting with perspex rooflights. There is car parking to the front of the unit for approximately 4 cars. Internally, the property benefits from solid concrete flooring, fluorescent strip lighting, and a manual roller shutter of 3.55m high providing access to the front of the property. The warehouse benefits from an eaves height of 4.25m rising to at the 4.64m apex  The current configeration provides, internal offices, trade counter, storage and WCs which are finished to include plastered and painted walls, suspended ceiling and fluorescent strip lighting. 

Note: The property has 45 years remaining on the leasehold; however, Belfast City Council have indicated they are prepared to grant a new lease on varied terms for further details please do not hesitate to contact us. 

Site area is 0.17 acres of site known as plot 68. Ground rent as at 1st September 2022 is £15,000 per annum. There is a sub-lease with the adjoining site at £7,500 per annum. Net ground rent is therefore £7,500 per annum. The estimated non-domestic rate bill for the property is £14,036.00 according to the Land & Property Services (LPS).

Please do not forget to register on www.douglashuston.com to receive special offers and alerts on properties about to come on the market. Please note that we have not tested the services or systems in this property.

Purchasers should make/commission their own inspections if they feel it is necessary. As part of the money laundering regulations, it is necessary that any party interested in 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 interest to be strong.

 

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