15 Pilots View,

PRIME INVESTMENT OPPORTUNITY WITH LONG LEASE

(TENANTS UNAFFECTED)

WHAT'S ON OFFER

- Prominent commercial building located within the Belfast Harbour Estate
- 10 Year FRI Lease from 15th March 2023
- £30,000 rental income per annum exclusive of VAT

DESCRIPTION

the property comprises a detached 2 storey Business Unit with 17 allocated car parking spaces. The property is constructed of a steel portal frame construction with solid concrete floors. Externally the building has been finished with part metal cladding and part blockwork. Internally the unit has been fitted out to a very high specification.

The accommodation is finished to a high standard throughout to include the following specification:

- CAT 5 Cabling Terminated at Two Secure Comms Room's located at Ground & First Floor Level.
- Raised Access Flooring with Recessed Floor Boxes at First Floor Level
- Data Trunking Around the Perimeter Walls at Ground Floor Level
- Carpeted Floor Coverings
- Suspended Ceilings with Energy Efficient Mounted LED Lighting
- Air Conditiong Units Individually Controlled via Wall Mounted Panels at Ground & First Floor Levels
- Energy Efficient Electric Heaters in Ancillary Areas
- Male / Female / Disabled WCs
- Fire Alarm System
- Secure Entrance Lobby

LOCATION

We are delighted to present this High Spec Office Space at one of Belfast’s leading office and industrial locations. The Pilots View development is situated just off Heron Road which is part of the Sydenham Business Park with current occupiers including Bombardier, BP, Phoenix Natural Gas, DFC and CEM Systems. The property is located c. 3 miles from Belfast City Centre and a short distance to the George Best City Airport. The location offers ease of access to major road networks such as the M1 & M2.

TENANCY DETAILS

Tenant: Hurree Limited
Term: 10 Years
Commencement: 15th March 2023
Current Rent: £30,000 per annum
Repair: Tenant responsible for internal and external repairs
Break: The tenant has the right to terminate the lease of the 5th anniversary
Rent Review: Year 5

RATES

NAV: £42,900
RATES PAYABLE: £25,712.63
The tenant is responsible for payment of the rates during the period of their tenancy.

PRICE

Seeking offers in the region of £395,000.
An acquisition at this level would reflect a net initial yield of 7.20% after purchaser’s costs of 5.5%.

TITLE

Long Leasehold with tenant responsible for Service Charge payable under Head Lease.

FURTHER INFORMATION

Inspection of the site is strictly by private appointment. For further information please contact:

Garrett O'Hare MRICS - Managing Director
T: 028 9620 9909
E: [email protected]

Stephen Gray, Commercial Property Manager
T: 028 300 50633
E: [email protected]

These particulars are issued by Bradley Estates NI Ltd on the understanding that any negotiations relating to the property are conducted through them. Whilst every care is taken in preparing them, Bradley Estates NI Ltd for themselves and for the vendor/lessor whose agents they are, give notice that:- (i) the particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract, (ii) any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access or any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness, (iii) neither Bradley Estates NI Ltd, nor any of their employees have any authority to make any or give any representation or warranty in relation to the property. Note: All plans and photographs are for identification purposes only. Subject to contract.