The subject property provides high profile fitted coffee shop.
It is fully fitted to include glazed aluminium shop front, painted/plastered walls and ceilings, lighting, air conditioning and WC facilities.
The property would be suitable for a variety of uses (subject to planning) which would benefit from the high volume of footfall.
From our review of the Land and Property Service online website, the NAV for the subject property is £26,600.
The commercial rate in the pound for 2021/2022 in Belfast is £0.543147 resulting in rates payable of £14,448 pax. Under current Covid Relief schemes no rates are payable unit April 2022.
All prices, outgoings etc are exclusive of, but may be subject to VAT.
The property provides the following accommodation:
Ground Floor Retail Unit c. 124.5 sq. m c 1,340 sq. ft.
Contact: Mark Thallon
Tel: 028 9024 7111
Mobile: 07802 520008
Contact: Connor James
Tel: 028 9024 7111
Mobile: 07341 866173
The subject comprises a prominent ground floor retail/cafe unit located in the heart of Belfast city centre.
Wellington Place and the immediate locality has undergone extensive redevelopment to provide additional office, retail and student accommodation. The recently constructed Merchant Square, located on Wellington Place, will accommodate PWC’s largest office outside of London providing over 200,000 sq. ft. of office space for 2,000 employees.
There are also several other significant office buildings in proximity including the recently completed Urban HQ serviced office.
Extensive student accommodation is located nearby including Swanston House, John Bell House and the Elms BT1 & BT2 providing over 2,000 beds to meet the increase in demand for Queens University Belfast and the new University of Ulster Belfast Campus.
Neighbouring occupiers include Starbucks, Costa Coffee, Centra, Home, Edo, Yugo, Virgin Money and Tim Hortons together with many of the City Centres principal hotels.
Rent: £32,500 per annum exclusive
Term: New 10 year effectively FRI lease
Repairs: Full repairing and insuring by way of a service charge which is currently £1,411.95 p.a.
Insurance: Tenant to reimburse
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