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McConnell Chartered Surveyors Ltd

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Key Information

Price Offers over £790,000
Style Investment Property
Status For sale

Location

This agent has listed the accuracy as: Quite Near

Additional Information

FOR SALE
SUPERB FREEHOLD INVESTMENT / DEVELOPMENT OPPORTUNITY IN PRIME LOCATION (c. 1.03 acres)

69—73 Glenmachan Street
Belfast
BT12 6JB

> Excellent opportunity to purchase this superb Investment / Development opportunity in a prime position - on the periphery of the Boucher Road.

> This property is also in close proximity to The Park Centre, Royal Victoria Hospital, Broadway Roundabout and ‘The Ball’, the new McDonald’s 24 hour Restaurant and some of the province’s busiest road networks—The Westlink and M1 Motorway.

> Currently income producing (c. £49,500 per annum gross) - with the opportunity to develop the vacant space and create a prime Retail Investment.

LOCATION
The subject site occupies an extremely prominent position on Glenmachan Street in close proximity to the Broadway Roundabout and Boucher Road which is regarded as Belfast’s premier commercial and retail warehousing location.
The site has excellent accessibility to the North and South via the M1 Motorway / Westlink situated a short distance away.

DESCRIPTION
The property comprises a site of c. 1.03 acres with extensive main road frontage of c. 50m. This is a superb opportunity to create a first class retail property investment or alternatively for an owner / occupier to utilise the current availability of space with the benefit of rental income from adjoining units (currently generating c. £49,500 per annum - gross) in what is an extremely high profile location. Rare opportunity to acquire a Freehold Site in the Boucher Road area.

TENANCY SCHEDULE

Gable Wall - 69 Glenmachan Street
Tenant – Exterion Media (UK) Ltd
Lease – Commenced 1st Feb 2012 Expires – 14th Feb 2017
Rent - £1,500 per annum

Telecommunications Site
Tenant – Hutchinson 3G UK and EE
Lease currently under negotiation at a rent of £5,000 per annum

73 Glenmachan Street c. 14,000 sq ft
Tenant – KDCNI.com Ltd
Lease commenced 1st Jan 2014 to 31st Dec 2019
Rent - £36,000 per annum

Unit 2, 69 Glenmachan Street - Warehouse currently vacant extending to c. 1,732 sq ft

Unit 3, 69 Glenmachan Street Warehouse currently vacant extending to c. 4,453 sq ft

Unit 4, 69 Glenmachan Street c. 1,658 sq ft
Tenant – Connect Mobile Solutions
Over holding lease which commenced 1st March 2012 and expired 28th Feb 2015 at a rent of £7,000 per annum.

A full detailed schedule is available by request from the agents.

PLANNING PERMISSION
This site would be suitable for a number of uses, subject to the necessary planning consents being obtained.

PRICE
Offers in excess of £790,000

RATES
We have been advised by Land & Property Services of the following - Total Net Annual Value: £31,450 (Rate in £ 2016/17 - 0.582601) Rates Payable estimated to be c. £14,500 (’as it stands’) per annum. Hereditaments within this investment have been assumed eligible for Small Business Rates Relief.
For a full breakdown and further information please contact the agents.

VAT
The property is elected for Value Added Tax.

VIEWING
Strictly by appointment through McConnell Chartered Surveyors
Contact: Adam Bolton or David Thompson
Tel: 028 90 205900
Email: adam.bolton@mcconnellproperty.com or
david.thompson@mcconnellproperty.com
Website: www.mcconnellproperty.com

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30th Sep 1 1 No Yes

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