SOLD
118-122 Castlereagh Street
Belfast
BT5 4NL
Mixed Use Investment – Fully Let
INVESTMENT SUMMARY
Extended three storey mid terrace building comprising three ground floor retail Units and six upper floor apartments in a very high-profile location.
Situated close to the junction of Castlereagh Street, Templemore Avenue, Castlereagh Road/ Beersbridge Road.
Viewing: By appointment with Sole Agent +44 (0)28 9131 3830
or contact Gareth McGimpsey 07710 858734
Click here to download a pdf brochure
ACCOMMODATION
3 Retail Units
Unit 1
Retail – c.337 sq.ft. (31.3 sq.m.)
Storage – c.89 sq.ft. (8.3 sq.m.)
plus W.C.
Total Unit 1 – c.426 sq.ft. (39.6 sq.m.)
Unit 2
Salon – c.638 sq.ft. (59.3 sq.m.)
Kitchen – c.47 sq.ft. (4.4 sq.m.)
Offices – c.69 sq.ft. (6.4 sq.m.)
1st Floor Office – c.114 sq.ft. (10.6 sq.m.)
plus Bathroom
Total Unit 2 c.868 sq.ft. (80.7 sq.m.)
Unit 3
Gross internal – c.691 sq.ft. (64.2 sq.m.)
Total Retail Units c. 1,985 sq.ft. (184.25 sq.m.)
6 Upper Floor Apartments
118A One Bed Apt – c.409 sq.ft. (38 sq.m.)
118B Two Bed Duplex Apt – c.786 sq.ft. (73 sq.m.)
120A One Bed Apt – c.409 sq.ft. (38 sq.m.)
120B Two Bed Duplex Apt – c.786 sq.ft. (73 sq.m.)
122A One Bed Apt – c.388 sq.ft. (36 sq.m.)
122B One Bed Apt – c.506 sq.ft. (47 sq.m.)
*NB Sizes as provided by client – TRC have not measured the Apts
Total Accommodation c.5,289 sq.ft. (491 sq.m.)
PRICE: £800,000
TENANCY DETAILS
3 Ground Floor Retail Units Totalling £29,500 p.a. excl
6 Apartments £39,120 p.a. excl. on short term tenancies
Total Gross Rent £68.620 per annum excl.
Total Net Rent £65,677.99 per annum excl.
(further details on request to genuinely interested parties)
RATEABLE VALUES
118-120 Retail Total NAV £9,950
118 Apt A Capital Value £32,000
118 Apt B Capital Value £48,000
120 Apt A Capital Value £34,000
120 Apt B Capital Value £56,000
122 Apt A Capital Value £32,000
122 Apt B Capital Value £50,000
VAT
All prices and rentals are quoted exclusive of VAT, which we understand is not chargeable on the purchase price.
EPC
D-85