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

Offers over £450,000

Office (4,950 sq. feet) For Sale

Offers over £450,000

Office (4,950 sq. feet) For Sale

Price Offers over £450,000
Style Office
Status For sale
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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

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.

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)

1,479

Listing Views

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

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