170-174 Church Road,
Glengormely, BT36 6HA
Fully let investment property with an income of £42,550
Offers Over £440,000
Contact Frazer Kidd LLP
+44 28 9023 3111
Property Overview
Status
For Sale
Style
Investment Property
Property Features
Size
276.2 sq m (2,973 sq ft)
Property Financials
Price
Offers Over £440,000
Additional Information
- Fully-let retail investment situated in the heart of Glengormley.
- The property is situated in a prominent location on Church Road at the junction on the Antrim Road.
- The property extends to approximately 2,973 Sq Ft (276.20 Sq M) across 5 units on a site measuring c. 0.1 acres
- (0.04 hectares).
- All five units are let currently producing a total income of £42,550 per annum.
- We are seeking offers in the region of £440,000 (Four Hundred and Forty Thousand Pounds) exclusive of VAT and subject to contract. An acquisition at this level would reflect a net initial yield of 9.15% after purchasers costs of 5.63%.
The property comprises a substantial ground floor commercial property fullylet to 5 different units.
Construction is of flat roof construction and part pitched and exterior wall of red brick.
Directions
Glengormley is located approximately 3.5 miles from Belfast City Centre, 1 mile from the Sandyknowes junction of the M2 Motorway providing ease of access to Belfast City Centre, as well as the wider motorway network. As a result, Glengormley is known as a popular commuter location with a significant residential population.
The property is situated in a prominent location on Church Road at the junction on the Antrim Road.
Close-by occupiers include Mortgage IQ, Ulster Property Sales and Copius Group Recruitment.
