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Contact Simon Brien (South Belfast)

Contact Simon Brien (South Belfast)

172 North Queen Street

Belfast, BT15 1EP

offers over £350,000
  • Status For Sale
  • Stamp Duty
    Higher amount applies when purchasing as buy to let or as an additional property
    £7,500 / £25,000*
  • Typical Mortgage
    Click price to use our mortgage calculator

Key Features & Description

  • Modern block of 4 apartments - fully let
  • Well managed and maintained externally and internally
  • Located in areas of high rental demand
  • Fully let producing a gross annual income of £27,600 gross, monthly income £2,300 for year ending November 2025
  • Based on a purchase price of £350,000, the portfolio produces a Gross yield of 7.89%, before purchaser´s costs of 3.66%
  • Fully let generating a strong net income
  • Reversionary income - potential to grow rents
  • Description
    FULLY LET RESIDENTIAL BLOCK COMPRISING 4 APARTMENTS PRODUCING A GROSS RENTAL INCOME OF £27,600 PA
    Built in  2018 comprising a modern, purpose built, 2  story block of apartments with lift access (4 no. - 2 no. x 2 bed, 2 no. x 1 bed) fronting a main arterial road.

    We understand the property is fully let and will produce a gross annual income of £27,600  pa. to Year End November  2025. Domestic rates payable (non-recoverable) for the current year are approximately £1,500

    LOCATION

    Situated in an area to the north of Belfast city centre considered to be mixed use in character with owner occupied, 'buy  to  let´ and social housing in the vicinity.

    PRICE

    Offers invited in excess of £350,000. A purchase at this level would represent a gross yield of 7.89%, before purchasers acquisition costs of 3.66% and running costs.

    Property Location

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    Mortgage Calculator

    Disclaimer: The following calculations act as a guide only, and are based on a typical repayment mortgage model. Financial decisions should not be made based on these calculations and accuracy is not guaranteed. Always seek professional advice before making any financial decisions.

    Contact Agent

    Contact Simon Brien (South Belfast)

    Contact Simon Brien (South Belfast)

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    172 North Queen Street, Belfast, BT15 1EP 172 North Queen Street, Belfast, BT15 1EP

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