Lot 17 - 39 Glen Road, Belfast, County Antrim, BT11 8BB

  • Unconditional Online Auction Sale
  • Guide Price* : £175,000

Guide Price* : £175,000

Fully let commercial investment

  • Two storey commercial property extending to 329 sq m (3,545 sq ft)
  • Total annual passing rent £33,500 exc of Vat
  • Sold subject to existing tenancy agreements

Location

The property is located on the Glen Road just off the roundabout at Milltown Cemetery. Belfast city centre is located approximately 3 miles (5 kms) heading to the north east via the Falls Road.

The surrounding area is a mix of medium density housing and commercial uses including Avila Credit Union, McEnaneys Public house as well as the Kennedy Centre which is within walking distance.

Description

This is a detached commercial building of traditional construction with red brick walls covered by a flat roof.

The building provides a modern self contained retail unit currently trading as Mackey Opticians and the offices are located over two floors again having their own access to the rear of the building.

The opticians is fitted out to a good standard to include carpet flooring, suspended ceilings and double glazed aluminium shop front.

The offices to the rear of the property are accessed via a reception area leading to the ground floor offices which are fitted to a good standard and is served by gas fired central heating. The first floor is accessed via a steel staircase to further offices located to the front and rear of the building. Again the offices are fitted to a good standard. Ample WC and kitchen facilities are provided throughout.

Tenancy

Mackey Opticians - passing rent of £11,500 p.a. excl VAT. Lease term expiring August 2020.
Relatives for Justice (RFJ) - passing rent of £22,000 p.a. excl VAT. Lease term expiring January 2022.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - E120 / D99 / E106 / E103.

VAT

All figures quoted are exclusive of and may therefore be liable to VAT.

Land and Property Services Rates Assessment

Net Annual Values:
Unit 1 (Mackey) - £7,350
Units 2-5 (RFJ) - £18,100
Rate in the £ for 2018/2019: £0.602803

Accommodation

1 2 3 4 5
Ground floor (Mackey Opticians) 54 sq m (586 sq ft)
Ground floor (RFJ) 112 sq m (1,208 sq ft)
First floor (RFJ) 163 sq m (1,751 sq ft)
Total 329 sq m (3,545 sq ft)

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Security Deposit

£3,800

Buyer's Administration Fee

£1,200

Guide Price*

£175,000

Vendors Solicitor

Terry Harrison, Hinds & Small Ltd, 66 Donegal Pass, Belfast, BT7 1BU
028 9024 5353

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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.