Belfast is the capital of Northern Ireland, with a population of 348,005 (2022). The property is situated on the Upper Lisburn Road in Finaghy, a densely populated residential area with neighbouring commercial users including Subway and The Pizza Co. The property is situated on a prominent aerterial route linking Belfast and Lisburn.
This is traditionally constructed mid terrace property over lower ground and two upper floors. The unit has been fitted in KFC corporate style incorporating food preparation, servery, customer seating and ancillary areas.
Lower Ground 794 sqft (73.8 sqm)
Ground Floor 1,001 sqft (93 sqm)
First Floor 2,257sqft (209.7 sqm)
A 20 year lease term with effect from 28th November 2016 at an annual passing rent of £22,081. The lease is subject to 5 yearly rent reviews with fixed rental uplifts reflecting 2.5% annually compounded.
An Energy Performance Certificate (EPC) will be available as part of the legal pack.
All figures quoted are exclusive of and may therefore be liable to VAT.
Please refer to vendor’s solicitor for Title Pack or download from the OK Auction website (www.osborneking.com/online-auctions).
Net Annual Value: £20,000
Estimated rates payable for 2024/2025: £11,987
* 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.
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