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Sale agreed | Investment Property |
Sale agreed £135,000

223 Falls Road Belfast , BT12 6FB

Sale agreed £135,000

Key Information

Address 223 Falls Road, Belfast
Style Investment Property
Status Sale agreed
Price Asking price £135,000
EPC Rating C56

Features

  • Excellent Location Fronting the Falls Road in West Belfast.
  • Comprises of an Investment Property with a Ground Floor Retail Unit and Two Flats on the Upper Floors.
  • Ideal Investor Purchase.
  • Asking Price - £135,000.

Additional Information

LOCATION

The subject property is located fronting the Falls Road in West Belfast approximately 1.5 mile from the city centre. It is located in a highly popular commercial area providing retail and neighbourhood amenities for the surrounding residential population. Businesses trading in the area include Happy House, Flynn & McGettrick Solicitors, Wineflair and West Belfast Partnership.


DESCRIPTION

The subject property comprises of a 3 storey mid terrace property of traditional construction with red brick outer leaf to the front and render to the side elevations. The property benefits from a pitched slated roof. The property comprises of a ground floor retail unit with two flats on the upper floors. Access to the flats is via a self-contained entrance fronting the Falls Road.


ACCOMMODATION (approximate only)

Ground Floor Retail Unit
Sales Area - 335 sq ft
Rear store - 108 sq ft (approximate only due to restricted access)
WC

First Floor Flat
Kitchen – 3.81m x 1.91m
Living Room – 4.5m x 2.92m
Bedroom – 4.5m x 2.21m
Bathroom


Second Floor Flat
Kitchen - 3.81m x 1.91m
Living Room – 4.5m x 2.27m
Bedroom – 4.5m x 2.26m
Bathroom

Please note the above measurements are approximate only and prospective purchasers should carry out their own measured survey.


TENANCY DETAILS

The property benefits from the following occupational leases:

Ground Floor Retail Unit - Let to a private individual for a period of 10 years from 1st September 2016 at a passing rent of £7,500 per annum, subject to review in the fifth year. Under the terms of the lease the tenant is responsible for internal repairs. Rent is paid in advance on a monthly basis. The landlord insures the property. A copy of the lease is available on request from the selling agent.

First Floor Flat – This flat is currently vacant.

Second Floor Flat – Let to a NIHE tenant at a total rent of £5,480.84 per year. Contact the office for further information in respect of the tenancy and breakdown of rent.


PRICE

Offers are invited in excess of £135,000.


VAT

The asking price is exclusive of, but may be liable to Vat.


VIEWING/FURTHER INFORMATION

To view the property or for further information please contact Dougan Residential and Commercial on 02890 308855.

The property is located fronting the Falls Road immediately opposite the West Belfast Partnership offices.

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