Lot 01 - 20 Roskeen Road, Moygashel, Co Tyrone, BT71 7RG

  • Unconditional Online Auction Sale
  • Guide Price* : £180,000 (Net Initial Yield 8.16%)

Guide Price* : £180,000 (Net Initial Yield 8.16%)

Investment Opportunity

  • Fully let commercial investment
  • Passing annual rent £15,000
  • Modern single building with secure on site parking

Location

Moygashel village which falls within the Dungannon settlement limit, approximately 1 mile south of Dungannon town centre and less than a mile from junction 15 of the M1 motorway. Moygashel is mainly a residential location; however, it also hosts a number of commercial businesses including Donnelly Group Motors headquarters, Mackle Pet Foods and Menarys Retail Headquarters.

Description

The property comprises a substantial traditionally constructed building with pitched roof. It is occupied by ‘Cawood Scientific’ an independent, scientific research company. The accommodation provides open plan and private office accommodation with the benefit of ample on site car parking spaces. The subject is currently utilised as a laboratory, fitted out to a high standard of specification.

Accommodation

1,991 sq ft (185 sq m)
Site Area 0.4 acres

Tenancy

The property was let on a 10 year full repairing and insuring lease with effect from November 2017. The property is subject to a review at year 5 and has tenant break options at years 3 & 6.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - D86

Viewing

Contact Osborne King’s Auction Team.

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 iOK Auction website (www.iokauction.com).

Land and Property Services Rates Assessment

Net Annual Value: £11,200
Rate in the £ for 2021/2022: £0.513749

Loading the bidding panel...

Security Deposit

£9,520

Buyer's Administration Fee

£1,200

Guide Price*

£180,000 (Net Initial Yield 8.16%)

Vendors Solicitor

Shane Conlan, Cleaver Fulton Rankin, 50 Bedford Street, Belfast, BT2 7FW
028 9024 9096

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.