Lot 18 - Unit 1C, Westbank Drive, Belfast, County Antrim, BT3 9LA

  • Unconditional Online Auction Sale
  • Guide Price* : £75,000

Guide Price* : £75,000

Mid terrace commercial building within established park

  • Current Gross Income £18,862 per annum
  • Total building area 480 sq m (5,172 sq ft)
  • Sold subject to existing tenancy

Location

The property is located within the Westbank Business Park which is just off the Westbank Road. Westbank Business Park is 2 miles (3 kms) north of Belfast city centre off the M2 motorway at Fortwilliam Junction. The location benefits from excellent transport links including motorways, ports and airports.

The surrounding areas are primarily commercial users including KBS group, WG Hogg & Co and Service Point.

Description

The property is a mid terrace unit providing ground floor accommodation and mezzanine first floor office accommodation. The building is of steel portal frame construction with block walls covered by double skin metal profile roof cladding with translucent panels. Car parking for approximately 12 vehicles is provided to the front of the unit.

The ground floor provides a front reception area, warehouse storage and a number of offices. The offices are fitted to a good standard with plaster/painted walls, and fluorescent strip lighting. The warehouse accommodation is finished to include smooth concrete covered floors and low energy lighting with access provided via an electric roller shutter door.

The mezzanine floor is also used for offices, kitchen and WC areas, fitted to a basic standard.

Tenancy

The premises are currently let to Fois Ltd at a passing rent of £18,862 exclusive with a head rent of £4,012 plus VAT. Tenant overholding.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - F150.

VAT

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

Land and Property Services Rates Assessment

Net Annual Value: £9,650
Rate in the £ for 2018/2019: £0.602803

Accommodation

1 2 3 4 5
Ground floor 259 sq m (2,789 sq ft)
Mezzanine 221 sq m (2,383 sq ft)
Total 480 sq m (5,172 sq ft)

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Security Deposit

£3,800

Buyer's Administration Fee

£1,200

Guide Price*

£75,000

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.