Belfast, 425 Lisburn Road

Investment · For Sale
Prominent mixed use investment for sale
Located on highly desirable Lisburn Road
Ground floor commercial unit with 3 bed apartment on upper floors
Currently producing a gross income of £26,000 p.a.

Details

The subject property comprises an end terrace building incorporating a ground floor commercial unit with rear service area, a 3 bedroom apartment arranged over first and second floors which is accessed via Ethel Street and a vacant garage to the rear. The property also benefits from a gable wall advertising board.

We are seeking offers in excess of £325,000 (Three Hundred & Twenty Five Thousand Pounds) subject to Title & Contract.

We are advised that the subject property is not registered for VAT.

425 Lisburn Road

Accommodation & Tenancies
DESCRIPTIONTENANTSIZE (sq. ft) LEASE END DATECURRENT RENT P.A.NAV / CAPITAL VALUE ESTIMATED RATES PAYABLE 18/19
Total £26,000
Ground Floor FAVSCO NI Ltd
t/a Reeds Rains
65010.04.2021£16,000£11,100£6,691
First & Second Floor Private Tenant 732*
(according to LPS)
11.08.2019£9,000
(inclusive of rates)
£100,000£736
Rear garageVacant n/an/a£1,150£693
Gable wall advertisingClear Channel NI Ltd-30.11.2020£1,000 --

Mark Thallon
07802 520008
mark.thallon@tdkproperty.com

Connor James
07341 866173
connor.james@tdkproperty.com

Joint Agents:
Riddell McKibbin

We are advised that the property is held by way of a 9000 year lease from 1 May 1956. The ground rent currently payable is £20.00 per annum.

The Lisburn Road is located in the heart of the South Belfast an affluent residential area of Belfast. The local area is famed for its leafy suburbs, restaurants, bars and exclusive shopping boutiques some of which include The Albany, Oliver Bonas,The French Village and Fred J Malcolm’s.
The Lisburn Road is also a main aerial route between the city centre and the residential areas of Malone, South Belfast and leading to Lisburn. The area is a short journey away from the city centre of Belfast and has a mixed demographic including large proportion of students living nearby and the more affluent Malone Road where 84% of the residents fall into the ABC1 social class. Other nearby attractions include the Ulster Museum, The Botanic Gardens and Windsor Park.

G160 – a copy of the EPC is available upon request.

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