(Lot 7) 156-158 Castlereagh Road

• Commercial investment
• Extends to approx. 1,906 sq ft
• Includes 2 no tenants
• Total rental income of £14,150 pa

Location: The subject property is situated on Castlereagh Road at its junction with Channing Street in East Belfast. The property is within close proximity to Belfast city centre by foot, bus, and car. Nearby occupiers include Tesco Superstore, Russell's Convenience Store, Late Cafe, P&P Business Equipment, and many others. Castlereagh Road benefits from high volumes of passing vehicular and pedestrian traffic with ample on street parking.

The building is of traditional construction with a red brick and dash renders with covered by a mix of flat and pitched metal roofs. The property extends to the footprint of the building and is accessed off Castlereagh Road. The property comprising a ground floor open plan space with a lounge and kitchen with W/C and the first floor provides an open plan room with additional W/C. The property has a highly visible frontage and benefits from an electric roller shutter door and gas fired central heating.

Tenancy: Tenant: Private individual
Term: 5 years with effect from April 2025 at a passing rent of £13,000 pa.

Tenant: Bauer Media Outdoor Northern Ireland Ltd
Term: 5 years with effect from 1 January 2026 at a passing rent of £1,150 pa.

EPC: An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - B40/C52

VAT: All figures quoted are exclusive of and may therefore be liable to VAT.

TITLE: Assumed freehold/long leasehold.

Viewing: Contact Savills Auction Team.