- Additional Information
- Share This Property
- Personal Notes
- Similar Properties
- Occupying a prominent position on one of Belfast's main arterial routes in a popular and affluent suburb.
- Extending to approximately 1,222 sqft (113.53 sqm) over three floors.
- Rental income of £25,000 p.a. exclusive.
An excellent opportunity exists to acquire an investment property on the Ormeau Road, one of the main arterial routes in Belfast.
The mid-terrace property is situated within a prominent and well established retail parade in this affluent residential suburb, close to Forestside Shopping Centre and approximately 2 miles from the City Centre.
Neighbouring occupiers include McQuoids Estate Agents, Sloans Gas Energy Centre and Rooms Bespoke Furniture.
The property of traditional construction, is arranged over 3 floors, providing a ground floor café whilst the upper floors, benefitting from separate access, provides office accommodation with ancillary kitchen and WC/shower facilities.
The café with its glazed shopfront is finished internally with plastered/painted walls & ceilings, with feature lighting and terrazzo flooring to the customer seating area with the kitchen and prep area to the rear.
The upper floors are finished to include plastered/painted walls and ceilings and carpeted floors.
The property provides the following approximate Net Internal areas:
Ground Floor Cafe: 494 sqft (45.89 sqm)
1st Floor: 453 sqft (42.08 sqm)
2nd Floor: 275 sqft (25.55 sqm)
Total Area: 1,222 sqft (113.53 sqm)
The property is let to the tenant, trading as Fruit Shop, on a 5 year lease from 1st March 2022 at a rent of £25,000 per annum exclusive, subject to an upwards only rent review on the 3rd anniversary of the lease commencement date.
Full tenancy information is available on request to genuinely interested parties.
Assumed freehold or long leasehold.
£285,000 exclusive, subject to contract.
A purchase at this level would reflect a NIY of c.8.5% after purchase costs of c.3.11%.
We are advised that the property is not elected for VAT.
Share this property
Add a personal note about this property
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.
Notes can only be seen by you and any pals you have added, they cannot be viewed by the vendor or estate agent.
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: Featured Listing
Get one boost to the top of the search results every week for the duration of your order.
Additionally, your property appears as featured at the top of the search results on selected dates and locations.
Option 2: Premier Listing
Get an automatic boost to the top of the search results 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.
Spotted a Problem? Even the best agents make mistakes, help us to maintain accurate property information on our listings. Report a problem »