This agent has listed the accuracy as: Quite Near
Donegall Place is Northern Ireland’s leading retail shopping thoroughfare situated in the heart of Belfast City Centre. The subject property occupies an excellent position on the main section of Donegall Place and benefits from an attractive return frontage into Queen’s Arcade.
Nearby retailers include Zara, Marks & Spencer, Next, Oasis, Boots and Disney.
The property is arranged over ground and first floor levels comprising the following approximate dimensions and floor areas:-
Internal Width 16ft 3in 4.95m
Return frontage into Queens Arcade 79ft 24.08m
Ground Floor Sales 1,141 sq ft 106 sq m
First Floor Storage/Staff 345 sq ft 32 sq m
Total Net Internal Area: 1,486 sq ft 138 sq m
The premises are held on a lease for a term of 15 years from 6 July 2003 subject to upward only rent reviews every 5 years at a current rental of £131,900 per annum exclusive.
Alternatively, our clients may consider granting a new underlease until July 2018.
Substantial reverse premium available for an assignment subject to covenant.
We have been advised by Land and Property Services that the NAV of the subject property is £59,500. Rate in the £ 2018/2019 - £0.602803, giving an annual rates bill of approximately £35,866.77.
Prices, outgoings and rent do not include VAT which may be chargeable.
Immediately upon completion of legal formalities.
Strictly by appointment through Campbell Cairns (Tel: 028 9024 9024).
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