Price £150,000
Style Office
EPC Rating E103
Status For sale

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Colliers International

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Additional Information

Features

  • Prominent corner unit extending to c.1,709 sq. ft.
  • Gross annual income of £13,540 exclusive
  • Gas fired heating
  • Central location close to public transport
  • Offers are invited in the region of £150,000 exclusive

Additional Information

The subject property is a 3-storey end terrace building extending to c.1,709 sq. ft. The property is of traditional construction with a part red brick/plaster finish and a pitched slate roof. The accommodation consists of a reception area with private offices on ground floor. Two private offices and large waiting area on 1st floor and an open plan office on the 2nd floor. The property also benefits from gas central heating, double glazed windows and electric roller shutter on the ground floor.

ACCOMMODATION (at widest points)
Ground Floor Area: 735 sq. ft.
First Floor Area: 605 sq. ft.
Second Floor Area: 369 sq. ft.
Total Area: 1,709 sq. ft.

LEASE
Tenant: Alliance Party
Term: 5 years (current lease expires 1st June 2021)
Rent: £12,000 p.a.x.
There is an additional income of £1,540 p.a.x. from J C Decaux for advertising.
Total annual income: £13,540 exclusive.

RATES
We have been advised by LPS of the following:
56 Upper Newtownards Road
Net Annual Value: £9,000
Rates in the £ 2018/2019: £0.602803
Estimated Rates Payable: £5,425
Advertising Site
Net Annual Value: £1,000
Rate in the £ 2018/2019: £0.602803
Estimated Rates Payable: £602.83
Total Estimated Rates: £6,027.23

VAT
VAT is not applicable for this sale.

PRICE
Offers are invited in the region of £150,000 exclusive of VAT. A sale at this level would reflect a gross yield of 9%.

EPC
E103 - As illustrated in graph.

FURTHER INFORMATION
For further information or to arrange an inspection of the property, please contact:
Contact: Andrew Lennon or William Knox
Tel: 028 9024 1500
Email: andrew.lennon@colliers.com or Email: william.knox@colliers.com

Directions

The subject property occupies a prominent corner site on the Upper Newtownards Road and Grampian Avenue. The property benefits from a high volume of passing traffic and is close to Connswater Shopping Centre, Ballyhackamore, Belmont and is also located on The Glider route which gives high accessibility to the rest of City. The surrounding occupiers are a mixture of businesses and residential property. To the rear of the property there is a large public car park.

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Property Statistics

Total Views

(since advertised)

153

Listing Views

Date Views Unique Views Featured Published
18th Sep 0 0 No No
19th Sep 0 0 No No
20th Sep 0 0 No No
21st Sep 0 0 No No
22nd Sep 0 0 No No
23rd Sep 0 0 No No
24th Sep 0 0 No No
25th Sep 0 0 No No
26th Sep 0 0 No No
27th Sep 0 0 No No
28th Sep 0 0 No No
29th Sep 0 0 No No
30th Sep 0 0 No No
1st Oct 0 0 No No
2nd Oct 0 0 No No
3rd Oct 0 0 No No
4th Oct 0 0 No No
5th Oct 0 0 No No
6th Oct 0 0 No No
7th Oct 0 0 No No
8th Oct 0 0 No No
9th Oct 0 0 No No
10th Oct 0 0 No No
11th Oct 51 51 No Yes
12th Oct 28 28 No Yes
13th Oct 17 17 No Yes
14th Oct 14 14 No Yes
15th Oct 14 14 No Yes
16th Oct 21 21 No Yes
17th Oct 8 8 No Yes

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