Investment
15 Pilots View
Sydenham Business Park, Belfast, BT3 9LE
offers over
£395,000
- Status For Sale
- Property Type Investment
-
Stamp Duty
Higher amount applies when purchasing as buy to let or as an additional property£9,750 / £29,500*
Key Features & Description
Description
PRIME INVESTMENT OPPORTUNITY WITH LONG LEASE TENANTS UNAFFECTED
We are delighted to present this High Spec Office Space at one of Belfast´s leading office and industrial locations. The Pilots View development is situated just off Heron Road which is part of the Sydenham Business Park with current occupiers including Bombardier, BP, Phoenix Natural Gas, DFC and CEM Systems. The property is located c. 3 miles from Belfast City Centre and a short distance to the George Best City Airport. The location offers ease of access to major road networks such as the M1 & M2.
The property comprises a detached 2 storey Business Unit with 17 allocated car parking spaces. The property is constructed of a steel portal frame construction with solid concrete floors. Externally the building has been finished with part metal cladding and part blockwork. Internally the unit has been fitted out to a very high specification.The accommodation is finished to a high standard throughout to include the following specification:
Tenant: Hurree LimitedTerm: 10 YearsCommencement: 15th March 2023Current Rent: £30,000 per annumRepair: Tenant responsible for internal and external repairsBreak: The tenant has the right to terminate the lease of the 5th anniversaryRent Review: Year 5
NAV: £42,900RATES PAYABLE: £25,712.63The tenant is responsible for payment of the rates during the period of their tenancy.
Seeking offers in the region of £395,000. An acquisition at this level would reflect a net initial yield of 7.20% after purchaser´s costs of 5.5%.
Long Leasehold with tenant responsible for Service Charge payable under Head Lease.
PRIME INVESTMENT OPPORTUNITY WITH LONG LEASE TENANTS UNAFFECTED
We are delighted to present this High Spec Office Space at one of Belfast´s leading office and industrial locations. The Pilots View development is situated just off Heron Road which is part of the Sydenham Business Park with current occupiers including Bombardier, BP, Phoenix Natural Gas, DFC and CEM Systems. The property is located c. 3 miles from Belfast City Centre and a short distance to the George Best City Airport. The location offers ease of access to major road networks such as the M1 & M2.
The property comprises a detached 2 storey Business Unit with 17 allocated car parking spaces. The property is constructed of a steel portal frame construction with solid concrete floors. Externally the building has been finished with part metal cladding and part blockwork. Internally the unit has been fitted out to a very high specification.The accommodation is finished to a high standard throughout to include the following specification:
Tenant: Hurree LimitedTerm: 10 YearsCommencement: 15th March 2023Current Rent: £30,000 per annumRepair: Tenant responsible for internal and external repairsBreak: The tenant has the right to terminate the lease of the 5th anniversaryRent Review: Year 5
NAV: £42,900RATES PAYABLE: £25,712.63The tenant is responsible for payment of the rates during the period of their tenancy.
Seeking offers in the region of £395,000. An acquisition at this level would reflect a net initial yield of 7.20% after purchaser´s costs of 5.5%.
Long Leasehold with tenant responsible for Service Charge payable under Head Lease.
Property Location
Mortgage Calculator
Contact Agent
Contact Simon Brien Bradley (Newry)
Request More Information
Requesting Info about...
15 Pilots View, Sydenham Business Park, Belfast, BT3 9LE
By registering your interest, you acknowledge our Privacy Policy
By registering your interest, you acknowledge our Privacy Policy