144-146 Lisburn Road,

Features

• Prominent Commercial Building
• c. 1,958 sq ft (182.02 sq m)

The property consists of a 3-storey commercial building situated at a corner prominent position along the Lisburn Road. The building consists of 2 commercial units on the ground floor, one of which is let to a private tenant for the use of a barber shop whilst the other unit is currently vacant but has been renovated.

The first floor of the premises is currently vacant but was previously used as offices and may be suitable for conversion to residential subject to statutory consents. The 2nd floor is currently let to a tenant for residential use.

Planning

Please note that a planning application has been submitted to convert the first-floor office space into a 1-bedroom flat, similar the current flat above known as 2 Cussick Street. Application Reference: LA04/2024/0333/.

Guide Price

We have been instructed to seek offers in the region of £250,000 exclusive. This reflects a current Net Initial Yield of 6.80% with Purchasers cost of 2.3%. If the scheme is fully let, we would expect to see a Reversionary Yield of 14.42%.

EPC's

144 Lisburn Road - E104
146 Lisburn Road - F130
2a Cussick Street - D64

Directions

The subject premises is situated in a prime location only 1.4 miles from Belfast city centre, benefitting from easily accessible transport links into the centre and motorway links via Tates Avenue. The area further benefits from a good mix of other commercial occupiers including Café Nero, Ryans Bar & Restaurant and Co-op Food, which are all within close proximity.