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120-122 Albertbridge Road, Belfast BT5 4GS

Price £230,000

Commercial Property (2,203 sq. feet) For Sale

Price £230,000

Commercial Property (2,203 sq. feet) For Sale

Price £230,000
Style Commercial Property
Status For sale
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Additional Information

Features

  • Let to East Belfast Sure Start at a passing rent of ?20,000 pax.
  • c.7 years unexpired lease term.
  • The property extends to approximately 2,203 sqft (204.68 sqm) and occupies a highly prominent position on the main arterial route linking East Belfast
  • Seeking offers in the region of ?230,000 exclusive, subject to contract which reflects a net initial yield of c. 8.48% after purchase costs of c. 2.50

Additional Information

Location
The property occupies a highly prominent position on the Albertbridge Road, at its junction with Mount Pottinger Road and Castlereagh Street.

The Albertbridge Road is the main arterial route linking East Belfast with the City Centre which is only c.1500m away whilst Lanyon Place Rail Station is c. 750m from the property.

Description
The property comprises a single storey former bank premises of block/brick construction with a flat roof and aluminium framed double glazed shopfront which has been converted to provide a children's day-care centre.

Internally it is arranged to provide two activity rooms, play room, office accommodation, kitchen, stores and WCs. Finishes include plastered/painted walls & ceilings, suspended ceilings with fluorescent lighting and carpet/laminate floor coverings. It benefits from gas heating with air-conditioning to the activity rooms.

Accommodation
The property provides the following approximate net internal area: 2,203 sqft (204.68 sqm).

Tenancy Details
The property is let on a Full Repairing basis to East Belfast Sure Start for a term of 10 years from 1st April 2017 at a rent of ?20,000 pax which is subject to an upwards only review on 1st April 2022.

East Belfast Sure Start (1 of 38 Sure Start Partnerships in N.I) who have been in occupation for c.18 years, is a Registered Charity & a Company Limited by Guarantee. Their primary source of funding is the Dept. of Education via the Health & Social Care Board.

Sure Start is a Government programme aimed at pre-school aged children and their families to promote all aspects of their development. Further information in respect of East Belfast Sure Start can be found on their website: www.eastbelfastsurestart.co.uk

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Property Statistics

Total Views

(since advertised)

1,219

Listing Views

Date Views Unique Views Featured Published Bumped
27th Sep 1 1 No Yes No
28th Sep 10 10 No Yes No
29th Sep 2 2 No Yes No
30th Sep 3 3 No Yes No
1st Oct 7 7 No Yes No
2nd Oct 3 3 No Yes No
3rd Oct 5 5 No Yes No
4th Oct 1 1 No Yes No
5th Oct 2 2 No Yes No
6th Oct 6 6 No Yes No
7th Oct 1 1 No Yes No
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12th Oct 9 9 No Yes No
13th Oct 0 0 No Yes No
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17th Oct 1 1 No Yes No
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21st Oct 3 3 No Yes No
22nd Oct 1 1 No Yes No
23rd Oct 3 3 No Yes No
24th Oct 5 5 No Yes No
25th Oct 6 6 No Yes No
26th Oct 5 5 No Yes No

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