Lot 01 - 71-73 Castlereagh Road, Belfast, County Antrim, BT5 5FD

  • Unconditional Online Auction Sale
  • Guide Price* : £67,500

Guide Price* : £67,500

Retail unit and apartment

  • Potential gross income £10,000 per annum
  • Located on a main arterial route
  • Sold with the benefit of vacant possession

Location

The property is located on the busy Castlereagh Road at its junction with Kingscourt Street. Belfast city centre is approximately 1 mile (1.6 km) away. The surrounding area is a mix of mainly commercial independent users including McQuiston Memorial Presbyterian and residential dwellings.

Description

The property comprises a 2½ storey end terrace building providing a retail unit on the ground floor and an apartment on the upper floors. The retail unit is fitted to a good standard formerly occupied as a beauty salon providing a number of treatment rooms, reception area, kitchen and WC facilities. The upper floor comprises an apartment in need of modernisation providing three bedrooms, shower room, living room and kitchen. Externally the retail unit benefits from roller shutters and a compact yard to the rear.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - F134

Viewing

Contact iOK Auction Team.

Land and Property Services Rates Assessment

Net Annual Value:
Ground Floor - £3,650
Rate in the £ for 2018/2019: £0.602803

Capital Value: Flat - £36,000
Rates payable for 2018/2019: £275

Accommodation

1 2 3 4 5
Ground floor retail unit 44 sq m (474 sq ft)
First floor apartment
Kitchen 3.05 x 2.18 m (10' x 7'2")
Shower room 1.86 x 1.81 m (6'1" x 5'11")
Living room 4.25 x 2.92 m (13'11" x 9'7")
Bedroom 1 2.92 x 4.12 m (9'7" x 13'6")
Attic floor
Bedroom 2 1.70 x 3.68 m (5'7" x 12'1")
Bedroom 3 1.81 x 3.11 m (5'11" x 10'2")
Store 1.72 x 2.08 m (5'82 x 6'10")

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Security Deposit

£3,800

Buyer's Administration Fee

£1,200

Guide Price*

£67,500

Vendors Solicitor

Oliver Ross, Simmons Meglaughlin & Orr LLP, 20 Northland Row, Dungannon, BT71 6BL
028 8772 2016

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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.