Price Offers over £275,000
Style Industrial Unit
Status For sale
  • Additional Information
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  • Personal Notes

Additional Information

Features

  • Situated within the Boucher Road commercial hub.
  • End of terrace unit extending to approximately 5,094 sqft
  • Highly accessible location in close proximity to the M1 and Belfast City Centre
  • Currently producing a rental income of £27,500 per annum.
  • Tenant pays ground rent liability.
  • Tenant not affected.

Additional Information

The subject property comprises an end of terrace modern warehouse/trade counter unit of steel portal frame construction. The property is configured to include a trade counter and two storey offices to the front elevation with warehouse to the rear.

At ground floor level a trade counter area is accessed off a surfaced parking area, two offices and WC facilities. The first floor office comprises further office accommodation, kitchen and WC facilities. The general specification includes plastered and painted walls, carpet covered concrete floors, suspended ceilings, double glazed PVC windows and wall mounted air conditioning units. The property also benefits from oil fired central heating.

The warehouse benefits from a metal deck roof incorporating translucent roof lights, concrete floor, a clear internal height of c 5.3m whilst loading access is provided via one grade roller shutter door.

Externally the property provides private parking for approximately 8 cars.

The surrounding area is predominantly commercial in nature with notable occupiers including Pure Gym, Modern Tyres, Sports Direct & Screwfix.

SUBJECT TO CONTRACT/CONTRACT DENIED

Further to your interest in Units 3 & 4, 54 Boucher Place, we have now been instructed by the vendor to seek closing bids in writing on the above asset. 

Should you wish to place an offer, we require that you provide the following:

The proposed offer amount in pounds sterling.
Proof of funds, ideally in the form of a bank statement.
Purchaser name and full contact details.
Full contact details of your solicitor.
Confirmation of any conditions relating to your bid.

Your offer is to be received in writing, by letter or email, no later than FRIDAY 28th JUNE 2019 AT 2PM

POST: FAO James Kearney, Lisney, 1st Floor, Montgomery House, 29-33 Montgomery St, Belfast BT1 4NX

EMAIL: [email protected]


Please note, the vendor reserves the right not to accept the highest, or indeed any, offer made.

Should you require any further information, please feel free to contact me.

Tenancy

The property is currently occupied by Dean & Wood Ltd Lease commencement date: 17 December 2018

Term: 10 years

Passing Rent: £27,500 per annum

Break Option: Tenant has break option at end of year 5, subject to a minimum of 6 months notice (the tenant will benefit from a 3 month rent free period if they do not exercise their break option).

Other: The tenant is responsible for payment of ground rent.

Tenant Information

Founded in 1904 Dean & Wood is the largest established refrigeration and air conditioning wholesaler in the UK. Dean & Wood have 15 branches throughout the UK & Ireland.

Dean & Wood Ltd 2017 accounts show a profit before taxation of £2,289,000 and turnover of £61,672,000 this reflected a 32.15% increase on the previous year.

Title

The property is held by way of long leasehold title at 125 years from 1st April 1987. Subject to a ground rent of £11,625 per annum.(As reviewed in July 2018).
The tenant is responsible for payment of ground rent.

VAT

VAT will be charged at the standard rate.


EPC Rating - E102

The property has an energy rating of D92.
A full certificate can be made available upon request.


Asking Price

Offers over £275,000


Rates

The rates are due to be reassessed.

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

DescriptionArea
Ground Floor Offices/Trade Counter957 sq ft 
First Floor Offices/Kitchen898 sq ft
Warehouse3, 239 sq ft 
Total5,094 sq ft 

 

Directions

The subject property is located approximately 2.5 miles south west of Belfast City Centre within a well-established commercial location. The area is highly accessible, providing easy access to the A12 Westlink, M1, M2 and the wider motorway network.

The Boucher Road area is a well-known commercial area, home to a wide array of commercial occupiers including trade centre car dealerships, storage/ distribution and out of town retail.

The property is prominently located on Boucher Place, which is accessed from Boucher Crescent.

The immediate area surrounding the subject is dominated by trade counter, retail and leisure users.

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Property Statistics

Total Views

(since advertised)

400

Listing Views

Date Views Unique Views Featured Published Bumped
18th Jun 15 15 No Yes No
19th Jun 8 8 No Yes No
20th Jun 11 11 No Yes No
21st Jun 0 0 No Yes No
22nd Jun 20 20 No Yes No
23rd Jun 19 19 No Yes No
24th Jun 14 14 No Yes No
25th Jun 9 9 No Yes No
26th Jun 13 13 No Yes No
27th Jun 8 8 No Yes No
28th Jun 6 6 No Yes No
29th Jun 10 10 No Yes No
30th Jun 8 8 No Yes No
1st Jul 8 8 No Yes No
2nd Jul 11 11 No Yes No
3rd Jul 11 11 No Yes No
4th Jul 2 2 No Yes No
5th Jul 5 5 No Yes No
6th Jul 6 6 No Yes No
7th Jul 0 0 No Yes No
8th Jul 9 9 No Yes No
9th Jul 5 5 No Yes No
10th Jul 10 10 No Yes No
11th Jul 2 2 No Yes No
12th Jul 6 6 No Yes No
13th Jul 5 5 No Yes No
14th Jul 4 4 No Yes No
15th Jul 5 5 No Yes No
16th Jul 5 5 No Yes No
17th Jul 7 7 No Yes No

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