Lot 20 - 1-6 Shaftesbury Square, Bradbury Place, Belfast, Co Antrim, BT7 1RS

  • Unconditional Online Auction Sale
  • Guide Price* : £600,000

Guide Price* : £600,000

City Centre Fully Let Mixed Use Investment

  • Prominent commercial building on Shaftesbury Square
  • Annual Income £56,622
  • Sold subject to existing tenancies

Location

This property is located on Shaftesbury Square and Bradbury Place which is renowned for its mix of residential and commercial occupiers as well as its buoyant nightlife.Bradbury Place is well positioned at the hub of the main arterial routes linking south Belfast and the city centre. The location provides the benefit of heavy footfall due to its proximity to the city centre, Lisburn Road and Queens University Belfast. Neighbouring occupiers include Spar, Lavery’s and the new Mezzino student housing block.

Description

The prominent commercial property is located on Shaftesbury Square / Bradbury Place and comprises a 4 storey period property of traditional construction. The property provides a self contained KFC unit over ground and part first floor, The Escape Rooms is accessed off Bradbury Place and occupy first, second and third floors. Externally Fonacab have advertising units on the front elevation.

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).

Accommodation

1 2 3 4 5
Tenant/Description Sq Ft Est. Rates Payable p.a. Lease Expiry Rent p.a.
KFC - Ground and First Floor (part) 2,018 £11,688 28/11/2036 £33,122
Crawford - First, Second and Third Floors 2,241 £9,650 31/07/2032 £15,000
Fona Cab - Advertising - - - £8,500
Total 4,259 £21,338 - £56,622

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Security Deposit

£10,000

Buyer's Administration Fee

£1,200

Guide Price*

£600,000

Vendors Solicitor

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

Document Links

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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.