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- Excellent City Centre location
- Economical Rents on Flexible Lease Terms
- Economy 7 heating to upper floors
- Gas supply available
- Suitable for a variety of uses (subject to any necessary planning consent)
The subject property occupies a prominent location on Castle Street which is the main thoroughfare between Belfast city centre and west Belfast. The is a building is adjacent to Sean Grahams bookmakers and close to the junction with King Street.
A short walk to Donegall Place and in close proximity to Castle Court via the Berry Street entrance.
The immediate vicinity is currently undergoing extensive redevelopment which includes the new Primark extension on Castle Street and various student housing schemes within the area.
The ground floor has traded as CafÃ© Red for many years and currently occupies on a lease to expire in November 2019 paying a rent of Â£10,660.00 per annum exclusive.
The upper floors have been vacant for some time and are in need of some refurbishment. This building would be ideal for an owner occupier who can use the upper floors and benefit from the rental income on the ground floor or an investor to develop the upper floors and let out.
The premise is situated over ground, first and second floor. The ground floor is used as a cafÃ© the upper floor have previously been office accommodation, beauticians and hair salon. It has been vacant for some time now.
It may be suitable for alternative uses subject to obtaining the necessary consents.
Occupiers in the area include Pound stretcher, Gordon’s Chemist, Shoe Zone, Ladbrokes, Ibis Hotel and Iceland.
With significant future development in the immediate vicinity this has the potential to be a great long term investment.
KEY INFORMATION Excellent City Centre location Opportunity to develop Economical Rents on Flexible Lease Terms Economy 7 heating to upper floors Gas supply available Suitable for a variety of uses (subject to any necessary planning consent)
EPC – E116
Ground floor – 41.36sq.m / 445 sq.ft Plus WC First Floor – 30.53sq.m / 328 sq.ft Second Floor – 30.31sq.m / 326 sq.ft Plus WC and kitchenette
Total Net Internal Area – 102.20sq.m / 1,100 sq.ft
Total Gross Internal Area – 146.48sq.m / 1,576 sq.ft
We are seeking offers in the region of Â£250,000 (two hundred and fifty thousand pounds).
As part of the new money laundering regulations it is necessary that any party interested in making an offer on the property will be required to provide photographic id, utility bills and proof of funds before Heads of Terms can be issued to the respective solicitors.
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