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

Contact the Agent

Colliers International

  • Additional Information
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  • Personal Notes

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.

Personal Notes

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Property Statistics

Total Views

(since advertised)

359

Listing Views

Date Views Unique Views Featured Published Bumped
18th Oct 8 8 No Yes No
19th Oct 13 13 No Yes No
20th Oct 10 10 No Yes No
21st Oct 12 12 No Yes No
22nd Oct 8 8 No Yes No
23rd Oct 13 13 No Yes No
24th Oct 11 11 No Yes No
25th Oct 4 4 No Yes No
26th Oct 9 9 No Yes No
27th Oct 11 11 No Yes No
28th Oct 3 3 No Yes No
29th Oct 5 5 No Yes No
30th Oct 6 6 No Yes No
31st Oct 6 6 No Yes No
1st Nov 8 8 No Yes No
2nd Nov 4 4 No Yes No
3rd Nov 3 3 No Yes No
4th Nov 5 5 No Yes No
5th Nov 14 14 No Yes No
6th Nov 4 4 No Yes No
7th Nov 2 2 No Yes No
8th Nov 7 7 No Yes No
9th Nov 7 7 No Yes No
10th Nov 4 4 No Yes No
11th Nov 4 4 No Yes No
12th Nov 1 1 No Yes No
13th Nov 5 5 No Yes No
14th Nov 6 6 No Yes No
15th Nov 4 4 No Yes No
16th Nov 9 9 No Yes No

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