66-70 Springfield Road,
Belfast, BT12 7AH
Investment Property
Offers Around £495,000
Contact Osborne King
+44 28 9027 0000
Property Overview
Status
For Sale
Style
Investment Property
Property Features
Energy Rating
Property Financials
Price
Offers Around £495,000
Property Engagement
Views Last 7 Days
122
Views Last 30 Days
586
Views All Time
1,542
Features
- Secure Medical Investment Opportunity
- c. 3,103 sq ft (288 sq m)
- Tenant Unaffected
The surgery building comprises 3 mid terrace red brick properties with rear extensions. The building has been converted into a modern surgery and all the properties are interconnected. The ground floor comprises a reception area with several consultancy rooms and ancillary areas. The first floor also provides consultancy rooms and offices with further administration offices and staff facilities located on the second floor.
The building is fitted to a high standard throughout to include double glazing and new electric heating. There is an enclosed yard to the rear.
Ground Floor - 1,274 sq ft (118 sq m)
First Floor - 928 sq ft (86 sq m)
Second Floor - 901 sq ft (84 sq m)
Total Net Internal Area - 3,103 sq ft (288 sq m)
Sale & Lease Details
The property is being offered for sale by way of sale and leaseback and we are seeking offers in the region of £495,000 exclusive.
The vendor (proposed tenant) will enter into a new 20 year internal repairing and insuring lease. The lease will be subject to 3 yearly rent reviews and the current notional rent is £41,700 per annum.
A sale of the investment at the guide price would reflect a net initial yield of 8.05% after purchaser costs.
EPC - F134
Directions
The property is located on Springfield Road, Belfast near Royal Victoria Hospital and approximately 1 mile from the city centre. The subject area comprises commercial occupiers including Blackstaff Mill and Eurospar and is within a densely populated part of Belfast.
