Lot 15 - 39-41 Irish Quarter South, Carrickfergus, Co Antrim, BT38 8BL

  • Unconditional Online Auction Sale
  • Guide Price* : £225,000

Guide Price* : £225,000

Excellent Investment Opportunity

  • Let to Funeral Services NI at £16,000 p.a.
  • 3,261 sqft (303 sqm)
  • Site Area 0.21 acres

Location

Carrickfergus is a large town approximately 11 miles from Belfast, with a population of 28,141 at the 2021 census. The property is conveniently located adjacent to the A2 Belfast Road, which provides direct access from Belfast, and coastline to Larne and the North Coast.
Irish Quarter South is located off Irish Gate and Belfast Road. Neighbouring occupiers include Ladbrokes and Papa Browns.

Description

The property comprises a single storey building fronting the onsite car park and there is a warehouse extension to the rear. Internally the front building is fitted to a good standard providing offices and ancillary accommodation. The rear building provides a Church.

Accommodation

3,261 sqft (303 sqm)
Site Area 0.21 acres

Tenancy

A 15 year lease term with effect from November 2020 at an annual passing rent of £16,000. 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.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - C67.

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: £16,800
Estimated rates payable for 2024/2025: £11,296

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Security Deposit

£10,000

Buyer's Administration Fee

£1,200

Guide Price*

£225,000

Vendors Solicitor

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

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* 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.