32 Ballymacarrett Road
Warehouse/Trade Counter Investment
This property is situated in a stand-alone site close to Titanic Quarter railway station on the edge of Belfast City Centre.
The property comprises a trade counter/warehouse with ancillary offices and has been occupied by Johnstone Paints for some 20 years.
The current passing rent is £15,500 per annum and given the popularity of such industrial units it would be reasonable for a purchaser to anticipate rental growth on the expiry of the existing lease on 30 September 2022.
Viewing: By appointment with Sole Agent
+44 (0)28 9042 4747
Trade Counter/Office – 731 sq.ft. (67.9 sq.m.)
Warehouse – 2,950 sq.ft. (274 sq.m.)
Offices/Kitchen – 595 sq.ft. (55.3 sq.m.)
Outside Car park area to side.
Small yard and access for loading by way of roller shutter doors to gable.
PRICE: Offers in the region of £185,000
Landlord: Industria Properties (Ulster) Ltd
Tenant: PPG Architectural Coatings UK Ltd t/a Johnstone Paints
Term: 5 years from 1 October 2017
Rent: £15,500 per annum
Repair: Tenant responsible
Insurance: Landlord may recoup cost of building insurance from Tenant