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