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Clarendon Dock, 12B&C Clarendon Road, Belfast BT1 3BG

Offers over £450,000

Offices (4,950 sq. feet) For Sale

Offers over £450,000

Offices (4,950 sq. feet) For Sale

Price Offers over £450,000
Style Offices
Status For sale
  • Additional Information
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  • Personal Notes

Additional Information

Features

  • Two own door office units extending to 4,950 sq.ft. arranged over 2 floors.
  • Let to established tenants Clarendon Executive and Yarra Software.
  • Passing rent of £37,500 p.a. reflecting a low average rent of £10 per square foot.
  • Vacant suite which is fully fitted and ready for immediate occupation.
  • 9 car parking spaces.
  • Offers invited in excess of £450,000 reflecting 6.5% after purchasers costs of 4.5%, reversionary potential of 12.6%
  • and a low capital value per square foot of £91.

Additional Information

Location

Clarendon Dock is one of Belfast’s premier business addresses and is an area of the City that has witnessed significant investment over the past 5 years.

Belfast Harbour’s City Quays development scheme has enhanced the locality and the location now boasts a range of high profile global occupiers who include, Baker McKenzie, Golf Now, TP ICAP,UTV, Wireless and the AC Hotel by Marriott.

The location benefits from excellent levels of accessibility given its immediate connectivity to the M2 and M3 Motorways and M1 via the Westlink. The pedestrian connectivity between Clarendon Dock and Belfast City Centre (10 minute walk) has been enhanced with a waterfront pathway leading back into the City Centre via Donegall Quay.

Description

The subject property comprises a purpose built office building located within Clarendnon Dock, arranged over two floors of equal size and benefiting from 9 dedicated car parking spaces.

The bright and well-appointed offices are fully fitted and well configured to provide both open plan and partitioned officespace, reception area and staff kitchen. The property further benefits from both air conditioning and gas heating.

Tenancy

12C is let to Yarra Software Ltd for a term of 4 years and 11 months from 12th February 2019. Yarra Software is a Northern Ireland based software development company, whose primary objective is the delivery of quality software solutions and related support services.

www.yarrasoftware.com

12B is let to Clarendon Executive for a term of 1 year from 01/07/2020, the tenant has been in occupation for 19 years. Clarendon Executive is a consultancy that specialises in Executive Search, Interim Management and sourcing Non-Executive Directors. They are a leading corporate headhunter in Northern Ireland.

www.clarendonexecutive.com

Tenure

The property is held by way of long leasehold title for a term of 248 years from 2 June 1999 subject to an annual ground rent which currently equates to £8,407 p.a. which is billed to the leaseholder and paid by the occupational tenants. This is subject to 5 yearly rent reviews.

The leaseholder must pay 12.5 % of the service charge levied on the property via the Head and superior Landlord. Currently this equates to £14,029 p.a (c. £2.83 psf). The Tenant also has the right to use 9 specified car parking spaces.

Proposal

Offers invited in excess of £450,000 reflecting 6.5% after purchaser's costs of 4.5%, reversionary potential of 12.6% and a low capital value per square foot of £91.

VAT

The property has not been elected for VAT.

EPC

EPC Certificates are available on request

Contact

Stephen Chambers, Associate Director, Investment

DD: 07710 700872

E: [email protected]

Jonathan Haughey, Surveyor, Investment

DD: 07718 571498

E: [email protected]

 

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Property Statistics

Total Views

(since advertised)

523

Listing Views

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

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