The subject property comprises a modern industrial facility, situated on a shared site, comprising high bay warehouse/ factory, offices and parking. The building is of traditional portal frame construction with brick/block walls, cladding and double skin insulated roof.
• Double height entrance foyer to the offices
• Clear span open plan office
• Range of private offices and meeting rooms
• Tailgate loading bay
• 3 no. further roller shutter door access
• Eaves height to high bay warehouse – 32ft (10m)
NB. Significant works were undertaken by the Tenant to enhance the floor area with the installation of Mezzanine space. This additional floor space is to be treated as a ‘Tenants Improvement’ and as such does not form part of the rent calculation.
The subject property comprises a modern industrial facility, situated on a shared site, comprising high bay warehouse/ factory, offices and parking. The building is of traditional portal frame construction with brick/block walls, cladding and double skin insulated roof.
• Double height entrance foyer
The subject property comprises a modern industrial facility, situated on a shared site, comprising high bay warehouse/ factory, offices and parking. The building is of traditional portal frame construction with brick/block walls, cladding and double skin insulated roof.
• Double height entrance foyer to the offices
• Clear span open plan office
• Range of private offices and meeting rooms
• Tailgate loading bay
• 3 no. further roller shutter door access
• Eaves height to high bay warehouse – 32ft (10m)
NB. Significant works were undertaken by the Tenant to enhance the floor area with the installation of Mezzanine space. This additional floor space is to be treated as a ‘Tenants Improvement’ and as such does not form part of the rent calculation.
Modern high bay factory, warehouse and offices with a gross internal area of 49,353 sqft (4,585 sqm). See later section regarding Tenants mezzanine installation
Parking for c.50 vehicles
Term: c.14 years and 3 months to lease expiration
Rent passing £186,000 pa
Site area: 2.08 acres (0.84 Ha)
Let at a low rent PSF but with rent reviews linked to RPI in July 2029 and July 2034
The subject property is prominently positioned within a well-established commercial and industrial park, benefitting from extensive frontage at a key road junction. The area is home to a range of well-known businesses. The property enjoys excellent accessibility, with convenient transport links connecting it to nearby urban centres and major road networks.
The subject property is prominently positioned within a well-established commercial and industrial park, benefitting from extensive frontage at a key road junction. The area is home to a range of well-known businesses. The property enjoys excellent accessibility, with convenient transport links connecting
The subject property is prominently positioned within a well-established commercial and industrial park, benefitting from extensive frontage at a key road junction. The area is home to a range of well-known businesses. The property enjoys excellent accessibility, with convenient transport links connecting it to nearby urban centres and major road networks.
Floor Area (GIA) (sqft): 49,353 Lease End: 30 June 2039 Current Rent (£ pa): £186,000 Analysis (psf): £3.76 Break Option: None Rent Review Dates: 1 July 2029 & 2034 Basis: RPI, capped at 10%
(Full details available upon request)
The tenant is involved in the design, manufacture and marketing, both nationally and internationally, of innovative components and products. The tenants parent company is incorporated in the United States of America, listed (BC) on the New York and Chicago stock exchanges.
Further Info
In addition to the subject property, the firm has manufacturing and distribution facilities in North America, Europe, Australia and New Zealand.
The recent market for industrial investment opportunities can be summarized in the table below which illustrates a number of key transactions.
£3.1m, reflecting an initial yield of 5.7%, assuming acquisition costs of 5.25%
Stamp duty will be the liability of the purchaser.
All prices, outgoings and rentals are exclusive of, but may be liable to VAT.
The property has 2 EPCs rated at C & D . (the full certificates can be made available upon request):
As a business carrying out estate agency work we are required to verify the identity of both the vendor and the purchaser as outlined in the following: The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 – https://www.legislation.gov.uk/uksi/2017/692/contents. Any information and documentation provided by you will be held for a period of five years from when you cease to have a contractual relationship with Lisney. The information will be held in accordance with General Data Protection Regulation (GDPR) on our client file and will not be passed on to any other party, unless we are required to do so by law and regulation.
For further information:
David McNellis: 028 9050 1551 / 07887 911 077
dmcnellis@lisney-belfast.com
Accommodation
EPC: C
Full EPC certificate available on request.
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