254-256 Kingsway

Executive Summary

• Extensive industrial/manufacturing facility extending to approximately 114,862 sq ft
• Situated on a substantial 4.70-acre site in Dunmurry, South Belfast.
• Occupied by Survitec Group since the 1980s as its principal manufacturing facility.
• Offered with vacant possession, providing opportunities for owner-occupiers, investors and developers.
• Asking Price: Offers in the region of £4,650,000.

Location

• Located at 254-256 Kingsway, Dunmurry, BT17 9AF.
• Positioned within one of Greater Belfast's most established suburban locations within walking distance of Dunmurry Village and its range of amenities.
• Situated within a predominantly residential area comprising a mix of private and social housing.
• Strong road, rail and public transport connectivity to Belfast and Lisburn.

Description

• Comprises a large-scale industrial and manufacturing complex.
• Includes six interconnected manufacturing/warehouse bays.
• Features a substantial two-storey office building, significantly extended in 2002.
• Includes ancillary workshops, stores and support buildings to the rear.
• Three-phase power supply with 400 kVA capacity.
• Eaves heights ranging from 3.57m to 5.43m.
• Maximum clearance heights up to 6m.

Planning

• Designated as "White Land", providing potential flexibility for alternative uses subject to planning approval.
• A Pre-Development Enquiry has been submitted to NI Water relating to the development of up to 50 residential units.
• Redevelopment potential for a variety of uses including residential, retail, healthcare, leisure, food and beverage, subject to planning permission.

Tenure & Tenancy

• Property held under Freehold Title.
• Available with vacant possession.
• Existing occupier may seek a short-term licence agreement following completion to facilitate relocation.

Financial Information

Rates

• Net Annual Value (NAV): £256,600.
• Estimated annual rates liability: £166,864 per annum.

VAT

• Property has not been elected for VAT (Option to Tax), subject to purchaser verification.

Asking Price

• Offers invited in the region of £4,650,000.

Additional Information

• Data room available containing detailed title and property documentation.
• Please contact selling agents Lambert Smith Hampton for further information. Tom Donnan ([email protected]) & Phil Lennon ([email protected]).