18-20 Duncrue Cresent

• Comprises 50,423 sq ft of accommodation on a site of c. 2 acres
• Warehouse accommodation c. 6m eaves with excellent high bay extension with 9m eaves
• Potential for expansion / further development (STPP)
• Highly accessible location in close proximity to the motorway network
• Short term rental income

The property is currently utilised as a kitchen showroom, trade counter and warehouse with ancillary offices and extends to approx. 50,432 sq ft.

The office / showroom element has been fitted to a high standard to provide part tiled / carpeted / laminate floors, suspended ceilings with a mix of lighting.

The warehouse element is accessed by front and rear electric roller shutters and benefits from concrete flooring, profile cladding, strip lighting and translucent roof lights and provides an eaves height of c. 6m.

A mezzanine floor provides additional storage plus a number of first floor offices.

A high bay warehouse to the rear provides c. 9m eaves, electric roller shutter doors, concrete flooring, clad walls and roof, LED box lighting and translucent roof panels.

Externally, secure car parking is provided with marshalling areas to the front and rear.

The subject property is situated on Duncrue Crescent, just off Duncrue Road in the popular North Foreshore area of Belfast, c. 1.5 miles north of Belfast city centre and is accessed via Fortwilliam junction, off the M2 motorway.

The nearby motorway network provides easy access to both the north and south of the province, while both Belfast Airports and Belfast Harbour are a short drive away.

Surrounding occupiers include Screwfix, Howdens, Yesss Electrical, National Windscreens, MacBlair Hardware & Builders Merchants, Musgrave Marketplace, Modern Tyres, Plumbmaster, and JHC Hardware.

Circa 2 acre site enclosed by secure fencing with gated access, benefiting from approximately 97 metres of frontage onto the M2. Access is provided directly from Duncrue Crescent, with extensive yard and parking areas surrounding the building.

The site also provides generous circulation and servicing space.

Following a review of the Belfast Metropolitan Area Plan (BMAP) 2015, we understand that the land is designated as an Area of Existing Employment.

We understand there could be potential to develop up to 530 sq m of additional space, subject to all necessary consents.

There is currently a tenant, Potter Cowan Ltd, in situ until 1 June 2027 at a passing rent of £100,000 per annum. The tenant is also liable for payment of the ground rent. An early surrender to this tenancy may be possible, subject to negotiation.

We understand that the property is held by way of long leasehold interest for a term of 99 years from 1 June 1982 at an annual ground rent of £41,950, subject to 7 yearly rent reviews, with the next review due on 1 June 2031.

NAV: £103,000
Rates Poundage 26/27: £0.65029
Rates Payable 26/27: £66,979.87

We are instructed to seek offers in excess of £1,500,000 (One million, Five hundred thousand pounds) exclusive.

Interested parties should note that the Vendor will have sole discretion to accept or reject any offer and is not bound to accept the highest (or indeed any) offer received.

All prices, outgoings and rentals are exclusive of, but may be liable to VAT.

Stamp duty will be the liability of the purchaser.

The property has an Energy Efficiency rating of C65 A full certificate can be made available upon request.

For More Information

Andrew Gawley MRICS
028 9050 1501 / 07917 007 522
[email protected]

Jonathan Haughey MRICS
028 9050 1501 / 07718 571 498
[email protected]

Customer Due Diligence As a business carrying out estate agency work we are required to verify the identity of both the vendor and the purchaser as outlined in the following: The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 - https://www.legislation.gov.uk/uksi/2017/692/contents. Any information and documentation provided by you will be held for a period of five years from when you cease to have a contractual relationship with Ambit CRE. The information will be held in accordance with General Data Protection Regulation (GDPR) on our client file and will not be passed on to any other party, unless we are required to do so by law and regulation.

Please Note The Directors of Ambit CRE for themselves and for the vendors or lessors of this property whose agents they are give notice that (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessors, and do not constitute part of, an offer or contract; (ii) all descriptions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of the Directors of Ambit CRE has any authority to make or give any representation or warranty whatever in relation to the property. REF 25585