RS-WS2
For Sale

5 PILOTS VIEW HERON ROAD,

Belfast, BT3 9LE
Asking price
£320,000
Investment Property

Property Overview

The subject property is a two storey office block with 18 no. dedicated car parking spaces. The unit is of steel frame construction with brick/blockwork walls and a metal clad roof.

Internally the unit is finished to a high standard to include; raised accessed flooring, carpet flooring, plaster painted walls and suspended ceiling with recessed strip lighting. The heating is a combination of gas heating and an air conditioning heating / cooling system.

Title

The property is held by way of a long leasehold title, for a term of

125 years from 2001. The ground rent is reviewed every 5 years,

with the last rent review completed in 2016.

The ground rent liability is currently £11,034 per annum and is

payable by the tenant.

The subject property is a two storey office block with 18 no. dedicated car parking spaces. The unit is of steel frame construction with brick/blockwork walls and a metal clad roof. Internally the unit is finished to a high standard to include; raised accessed flooring, carpet flooring, plaster painted

  • Fully let off ice investment opportunity
  • Comprises 4,545 sq.ft. over 2 no. floors.
  • Let to ASM Financial Planning Ltd. for 10 years.
  • Lease guaranteed by Fairstone Capital Investment
  • Net rental income of £29,000 p.a.x
  • 18 carpark spaces.
  • Ground rent payable by the Tenant.
  • Asking Price £320,000. This reflects an attractive net inital yield of 8.8% assuming purchasers' costs of 3.52%.

Accommodation

EPC: B
Full EPC certificate available on request.

UnitSquare Foot Square Metres
Ground Floor2,185203
First Floor2,360219
Total4,545 sq. ft422 sq. m
RS-WS2