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- Investment Opportunity of a Fully Let Portfolio
- 12 Self Contained Apartments Spread Across Two Buildings
- 7 x 2 Bedroom Apartments
- 5 x 1 Bedroom Apartments
- Current Rental Income of £64,500 per annum with Potential to Increase
- Yield of Approx. 8.6% based on ERV
- Located in the Popular North Belfast Suburb of Fortwilliam - Antrim Road is one of Belfast’s Main Arterial Routes
- All Apartments have GFCH
- Opportunity for Further Development (previous planning application passed for addition of 3 apartments ref Z/2007/2021/F - giving 9 x 2 bed apartments and 6 x 1 bed apartments)
412 & 414 Antrim Road are conveniently located on the Antrim Road between Kansas Ave and Salisbury Avenue providing excellent links with Belfast City Centre which is only 3.5 miles away. This location is very convenient and offers a wealth of amenities within walking distance as well as a reliable and frequent public transport network. Access to the M2 motorway network can easily be had by travelling down Fortwilliam Park.
Building 412 comprises of 4 apartments – 3 x 2 bed apartments across the first three levels with a 1-bedroom apartment on the top level. 414 Antrim Road offers 4 two-bedroom apartments and 4 one-bedroom apartments across four levels. All apartments have been modernised with linked fire alarm systems and offer gas fired central heating. There is off road parking situated to the front of the building. Comparable evidence in the neighbourhood would suggest that rental values are increasing and given the rise in popularity of serviced accommodation, this may be another avenue worth exploring to maximise rental income.
Planning was granted for three additional apartments in 2008 and this may be something the next owner may wish to re-visit.
A full breakdown of the rental values are available on request.
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Note: Data is compiled by PropertyPal using data from the official NI House Price Index publication, released by Land & Property Services in conjunction with the Northern Ireland Statistics and Research Agency, and supplemented with data collected by PropertyPal. The NI House Price Index can be accessed here.
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