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- Warehouse premises of c. 21,000 sq ft on a self-contained site of 1.05 acres
- Let to Oxfam Ireland until 6 March 2021
- Passing rent of £55,000 exc (£2.58 psf)
- Asking price of £550,000 reflecting NIY of 9.53% or a capital value of £25.82 psf
The property is let in its entirety to Oxfam Ireland. The premises consist of a warehouse of c. 21,000 sq ft on a self-contained site of c. 1.05 acres. The majority of the site is covered by good quality concrete hardstanding providing circulation space and parking for approximately 20 cars.
Key features of the property include:
- Eaves height of c. 6.7m (22ft)
- 3 phase electricity
- 4 dock levellers
- Oil fired heating (warehouse)
- Air conditioning (office)
- Staff kitchen
- Male and female WC’s
EPC - E101
Further information can be obtained from our client’s solicitor:
Mr Mark Tinman
DWF Northern Ireland
42 Queen Street
Tel: 028 9023 0230
The property is occupied by Oxfam Ireland (NI033800) on the following terms:
Lease Start: 7 March 2016
Lease Term: 5 years
Repair: Full repairing subject to schedule of condition
Oxfam Ireland had a Turnover of £16,949,000 for the year ending 31 March 2017 and made a profit of £1,752,000 after tax. The company has a silver rating on ‘Red Flag’ meaning that ‘silver’ companies will usually be well managed established businesses in a sound financial position and with satisfactory trading results. They are likely to pay suppliers reasonably well and can be regarded as a good credit risk.
|Warehouse||17672 square feet|
|Mezzanine||1782 square feet|
|Office/staff||1860 square feet|
|Total Area||21314 square feet|
The subject property is located in Derriaghy approximately 6.5 miles (10km) south of Belfast city centre and 3 miles (5km) north of Lisburn city centre. The M1 Motorway is within 4 minutes drive time to the north while the Moira roundabout can be accessed in 15 minutes. Derriaghy train station is 8 minutes walk away. The Cutts is a well established industrial location with occupiers including Montupet UK and Charles Hurst Accident Repair.
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