Belfast is the capital of Northern Ireland, with a population of 348,005. The property is situated on the Crumlin Road, a busy aerterial route to and from the city centre. The surrounding area is predominately residential, however surrounding users include Spar, City Car Wash, Crumlin Road Gaol, and Mater Hospital.
The traditionally constructed single storey building with a secure yard area utilised for car parking. To the rear of teh site is a blocked up former mortuary building. Internally the property is fitted as a funeral home with ancillary accommodation.
Ground Floor 2,715 sqft (252 sqm)
Site Area 0.23 acres
A 15 year lease term with effect from November 2020 at an annual passing rent of £18,000. The lease is subject to 5 yearly rent reviews. The rent reviews are RPI linked collared and capped at 2% and 4% respectively. There is tenant break option in November 2030.
An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - B42.
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: £18,800
Estimated rates payable for 2024/2025: £11,268.
* 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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