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- FULLY LET MIXED USE INVESTMENT OPPURTUNITY
- Net income £78,750 p.a. (after rates & insurance)
- A purchase at asking price equates a Gross Initial Yield of 9.25% before costs of purchase
- Retail unit with established tenant on ground floor with 6 well finished apartments let on short term tenancies and short term lets.
Additional InformationThe Property is an extended three storey Mid Terrace with ground floor retail and six single and double bedroom apartments on upper levels. The ground floor unit is let to Partners Hair Limited (T/a Paul Meekin Hair) on a 5 year term at £26,000 p.a. a new tenancy will start from the completion of purchase.
The Upper floor Apartments are partially Let on short term tenancies and partially by way of short term lets through AirBNB and Booking.com
The property is situated close to junction of Castlereagh Street, Castlereagh Road , Beersbridge Road and Templemore Avenue in a high profile location within east belfast.
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