Price £550,000
Style Investment Property
EPC Rating E101
Status For sale
  • Additional Information
  • Share This Property
  • Personal Notes
  • Similar Properties

Additional Information

42 The Cutts

Features

  • 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

Additional Information

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

Title
Further information can be obtained from our client’s solicitor:
Mr Mark Tinman
DWF Northern Ireland
42 Queen Street
Belfast
BT1 6HL
Tel: 028 9023 0230

Tenancy
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

Covenant
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.

Warehouse17672 square feet
Mezzanine1782 square feet
Office/staff1860 square feet
Total Area21314 square feet

Directions

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.

Share this property

Email this property to your friends

Please check you have entered all details correctly:

Good Work!

Your email is winging its way to

Personal Notes

Add a personal note about this property

Please or register to add notes to this property.
About Personal Notes

You can add your own personal notes about this property.

You can view all your notes by going to My PropertyPal.com.

You can remove this note at any time.

Similar Properties

Property Statistics

Total Views

(since advertised)

529

Listing Views

Date Views Unique Views Featured Published Bumped
20th Jan 0 0 No No No
21st Jan 0 0 No No No
22nd Jan 0 0 No No No
23rd Jan 87 87 No Yes No
24th Jan 83 83 No Yes No
25th Jan 44 44 No Yes No
26th Jan 22 22 No Yes No
27th Jan 13 13 No Yes No
28th Jan 34 34 No Yes No
29th Jan 11 11 No Yes No
30th Jan 22 22 No Yes No
31st Jan 18 18 No Yes No
1st Feb 21 21 No Yes No
2nd Feb 16 16 No Yes No
3rd Feb 14 14 No Yes No
4th Feb 17 17 No Yes No
5th Feb 16 16 No Yes No
6th Feb 10 10 No Yes No
7th Feb 13 13 No Yes No
8th Feb 9 9 No Yes No
9th Feb 11 11 No Yes No
10th Feb 6 6 No Yes No
11th Feb 14 14 No Yes No
12th Feb 7 7 No Yes No
13th Feb 6 6 No Yes No
14th Feb 6 6 No Yes No
15th Feb 8 8 No Yes No
16th Feb 7 7 No Yes No
17th Feb 4 4 No Yes No
18th Feb 10 10 No Yes No

Are you selling this property?

Promote your listing on PropertyPal to get more exposure and put your property in front of the right people.

Not your property? Click here to search for your property.

Option 1: Boost It Back

Increase views of your property with a single boost back up the natural listings.

£12
per boost
Boost Your Property

Cannot be purchased within 4 weeks of listing being listed or re-listed.

Option 3: Premier Listing

Get an automatic Boost It Back every week for the next 4 weeks.

Additionally, your property appears as enhanced with extra photos and a description for the lifetime of your listing.

£49

Spotted a Problem? Even the best agents make mistakes, help us to maintain accurate property information on our listings.  Report a problem »

Back to top