Units 3 & 4, 54 Boucher Place ,

The subject property comprises an end of terrace modern warehouse/trade counter unit of steel portal frame construction. The property is configured to include a trade counter and two storey offices to the front elevation with warehouse to the rear. At ground floor level a trade counter area is accessed

The subject property comprises an end of terrace modern warehouse/trade counter unit of steel portal frame construction. The property is configured to include a trade counter and two storey offices to the front elevation with warehouse to the rear.

At ground floor level a trade counter area is accessed off a surfaced parking area, two offices and WC facilities. The first floor office comprises further office accommodation, kitchen and WC facilities. The general specification includes plastered and painted walls, carpet covered concrete floors, suspended ceilings, double glazed PVC windows and wall mounted air conditioning units. The property also benefits from oil fired central heating.

The warehouse benefits from a metal deck roof incorporating translucent roof lights, concrete floor, a clear internal height of c 5.3m whilst loading access is provided via one grade roller shutter door.

Externally the property provides private parking for approximately 8 cars.

The surrounding area is predominantly commercial in nature with notable occupiers including Pure Gym, Modern Tyres, Sports Direct & Screwfix.

SUBJECT TO CONTRACT/CONTRACT DENIED Further to your interest in Units 3 & 4, 54 Boucher Place, we have now been instructed by the vendor to seek closing bids in writing on the above asset. Should you wish to place an offer, we require that you provide the following: – The proposed offer amount in pounds sterling.- Proof of funds, ideally in the form of a bank statement.- Purchaser name and full contact details.- Full contact details of your solicitor.- Confirmation of any conditions relating to your bid. Your offer is to be received in writing, by letter or email, no later than FRIDAY 28th JUNE 2019 AT 2PM POST: FAO James Kearney, Lisney, 1st Floor, Montgomery House, 29-33 Montgomery St, Belfast BT1 4NX EMAIL: jkearney@lisney.com Please note, the vendor reserves the right not to accept the highest, or indeed any, offer made. Should you require any further information, please feel free to contact me.

Tenancy

The property is currently occupied by Dean & Wood Ltd Lease commencement date: 17 December 2018

Term: 10 years

Passing Rent: £27,500 per annum

Break Option: Tenant has break option at end of year 5, subject to a minimum of 6 months notice (the tenant will benefit from a 3 month rent free period if they do not exercise their break option).

Other: The tenant is responsible for payment of ground rent.

Title

The property is held by way of long leasehold title at 125 years from 1st April 1987. Subject to a ground rent of £11,625 per annum.(As reviewed in July 2018). The tenant is responsible for payment of ground rent.

Tenant Information

Founded in 1904 Dean & Wood is the largest established refrigeration and air conditioning wholesaler in the UK. Dean & Wood have 15 branches throughout the UK & Ireland.

Dean & Wood Ltd 2017 accounts show a profit before taxation of £2,289,000 and turnover of £61,672,000 this reflected a 32.15% increase on the previous year.

EPC Rating – E102

The property has an energy rating of D92.A full certificate can be made available upon request.

Asking Price

Offers over £275,000