Lot 6 - Unit 1 Wellington Road, Enniskillen, Co Fermanagh, BT74 7HJ

  • Unconditional Online Auction Sale
  • Guide Price* : £450,000

Guide Price* : £450,000

Excellent Investment Opportunity

  • Let to KFC at a passing rent of £36,986 p.a.
  • Lease expiry 2036 with fixed rental uplifts
  • Prominent Drive Thru and Restaurant

Location

Enniskillen is the largest town in County Fermanagh, with a population of approximately 14,086 according to the 2011 census. The town is well linked with major road networks including the A46, A32, and A4 providing strong vehicular traffic.
The property is located on Wellington Road, situated in the heart of the town centre with dense commercial surroundings.

Description

The property comprises a purpose built single storey standalone unit of steel framed construction with metal roof cover and brick walls. The unit has been fitted in KFC corporate style incroporating food preparation, servery, customer seating and ancilliary areas. On site car parking is provided.

Accommodation

Ground Floor 2,368sqft (220 sqm)

Tenancy

A 20 year lease term with effect from 28th November 2016 at an annual passing rent of £36,986. The lease is subject to 5 yearly rent reviews with fixed rental uplifts reflecting 2.5% annually compounded.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - D83.

VAT

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

Title

Please refer to vendor’s solicitor for Title Pack or download from the OK Auction website (www.osborneking.com/online-auctions).

Land and Property Services Rates Assessment

Net Annual Value: £27,400
Estimated rates payable for 2024/2025: £14,957

Loading the bidding panel...

Security Deposit

£10,000

Buyer's Administration Fee

£1,200

Guide Price*

£450,000

Vendors Solicitor

Julie Galbraith, DWF, 42 Queen Street, Belfast, BT1 6HL
028 9023 0230

Document Links

Related Documents

Make an Enquiry

Submit an enquiry and someone will be in contact shortly.

 
*  
*  
*
*
*

Share

Looking for finance?

Belfast Commercial Funding Advert

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.