This agent has listed the accuracy as: Exactly Right
The subject property is an impressive 3 storey terrace property which benefits from a full glazed shop front at ground floor together with a terrace area fronting onto the Lisburn Road. The property was most recently used as a coffee shop with ground and first floors being utilised for this purpose to include food preparation areas and customer seating areas. To the rear of the ground floor there are also Male & Female W.Cs and a food storage / preparation area with a further staff entrance/exit point. The second floor area comprises storage space along with office and staff accommodation and a W.C. Internally the property has been finished to include timber flooring, plastered and painted walls and PVC panelling to the rear store area. The property is available for immediate occupation and would suit a range of uses namely retail, restaurant, café etc.
We have been advised by Land and Property Services of the following:
Net Annual Value: £18,100
Rate in the Pound 2017/2018: 0.592681
Estimated Rates Payable: £10,728 p.a.
We have calculated the approximate Net Internal Areas to be as follows:
Sales Area 902 sq.ft 83.80 sq.m
Rear Store AreaR 195 sq.ft 18.12 sq.m
Male & Female W.Cs
First Floor Area 782 sq.ft 72.65 sq.m
Store 87 sq,ft 8.08 sq.m
Office 113 sq,ft 10.50 sq.m
Staff 257 sq,ft 23.88 sq.m
Total 2,336 sq.ft 217.03 sq.m
All prices, outgoings etc are exclusive of, but may be subject to VAT.
Term: New 10 year lease
Rent: £30,000 per annum
Repairs: Full Repairing and Insuring terms
Rent Review: 5 yearly rent review
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