Commercial Yard With Development Potential, 1 Sealstown Road, Mallusk,

The subject site is within the development limit and adjacent to predominantly modern residential properties.

We understand the subject property is a Long leasehold.

There are two root of title leases as follows:
a. sub-lease dated 31 December 1959 for a term of 9,900 years subject to the yearly rent of £5.00
b. lease dated 19 February 1951 for a term of 10,000 years from 1 January 1951 subject to a yearly rent of £10.00.

We understand there is a Right of Way for access to a sub station by way of a lease dated 17 December 1999 to NIE plc for a term of 999 years from 1 March 1999 for a nominal rent.

£1,200,000 (one million, two hundred thousand pounds) exclusive.

NAV: £69,800
Rate in the £ 2024/25: £0.54107
Rates Payable 2024/25: £37,767.31

This will be the responsibility of the purchaser.

We are advised that the subject property is VAT registered and therefore VAT will be applicable.

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

Jonathan Haughey: 028 9050 1540 / 07718 571 498
jhaughey@lisney-belfast.com
Viewing strictly by appointment with the sole selling agent Lisney