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1 Pilots View, Heron Road, Belfast, BT3 9LE

For Sale

Investment

4650Sq Ft

Offers Around £305,000

New

For
Sale

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File Ref: 10007

Prominent Office Investment Opportunity

Producing £24,000 per annum

The property comprises a two storey detached office block which benefits from 21 dedicated car park spaces. The unit is of steel portal construction with insulated brick / blockwork elevations and a metal clad roof.

Internally the unit is finished to a high standard to include part carpeted flooring, perimeter trunking, suspended ceilings with recessed low energy lighting, painted / plastered walls, gas fired heating, staff kitchen / canteen & WC’s.

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See brochure for full accommodation details.

Ground Floor: c. 211 sq m (2,265 sq ft)
First Floor: c. 221 sq m (2,385 sq ft)
TOTAL ACCOMMODATION: c. 432 sq m (4,650 sq ft)

Tenancy Details as follows:

TENANT: Building Protection Systems (NI) Ltd (Est. 1981)
RENT: £24,000 per annum plus VAT
TERM / RENT REVIEW / BREAK OPTION: 10 Years with a 5 year upward only rent review / tenant break option
REPAIRS / INSURANCE: Full repairing and insuring lease
SERVICE CHARGE / GROUND RENT: Payable by the tenant - currently c. £12,194.24 plus VAT
PRICE: Offers around £305,000
TITLE: The property is held under a 125 year lease from 2004. The ground rent is reviewed every 5 years - currently £11,034.24 plus VAT per annum.

NAV / Capital Value

NAV: £43,100

Estimated rates payable in accordance with LPS Website: £25,832.50.

All perspective purchasers/tenants should make their own enquiries to confirm the NAV / rates payable.

VAT

All prices, outgoings etc are exclusive of, but may be subject to VAT.

1 Pilots View, Heron Road, Belfast, BT3 9LE

The subject property is situated within Sydenham Business Park, one of Belfast’s premier business parks located c. 2 miles from Belfast City Centre.

Download brochure

Accommodation Details

See brochure for full accommodation details.

Ground Floor: c. 211 sq m (2,265 sq ft)
First Floor: c. 221 sq m (2,385 sq ft)
TOTAL ACCOMMODATION: c. 432 sq m (4,650 sq ft)

Lease Details

Tenancy Details as follows:

TENANT: Building Protection Systems (NI) Ltd (Est. 1981)
RENT: £24,000 per annum plus VAT
TERM / RENT REVIEW / BREAK OPTION: 10 Years with a 5 year upward only rent review / tenant break option
REPAIRS / INSURANCE: Full repairing and insuring lease
SERVICE CHARGE / GROUND RENT: Payable by the tenant - currently c. £12,194.24 plus VAT

Sales Details

PRICE: Offers around £305,000
TITLE: The property is held under a 125 year lease from 2004. The ground rent is reviewed every 5 years - currently £11,034.24 plus VAT per annum.

NAV / Capital Value

NAV: £43,100

Estimated rates payable in accordance with LPS Website: £25,832.50.

All perspective purchasers/tenants should make their own enquiries to confirm the NAV / rates payable.

VAT

All prices, outgoings etc are exclusive of, but may be subject to VAT.

Request more information or a callback about this property

Thank you for your enquiry.

1 Pilots View, Heron Road, Belfast, BT3 9LE

The subject property is situated within Sydenham Business Park, one of Belfast’s premier business parks located c. 2 miles from Belfast City Centre.

Download brochure

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