227 Castlereagh Road,
Belfast, BT5 5FH
Restaurant/Cafe (1,150 sq ft)
Offers Around £165,000
Contact Stewart & Company
+44 28 9065 1149
Property Overview
Status
For Sale
Style
Restaurant/Cafe
Property Financials
Price
Offers Around £165,000
Ideal SIPP opportunity or addition to a commercial property portfolio, 225-227 Castlereagh Road has been let since March 2018, on a long term fully repairing and insuring basis, to a well run Patisserie & Coffee business.
Located on a busy cross section of the Castlereagh Road, where Orby meets Loopland, across from the Tesco Supermarket, 227 Castlereagh Road benefits from forecourt parking or sitting area, subject to approvals, and the undeniable visible presence being on a main arterial route into the city centre.
The Lease held with the tenant covers two self contained units being 227, the Patisserie on the ground floor with Kitchen area, public seating and WC, and 225 being the self contained unit on the first floor. The upstairs unit is divided into two rooms, a kitchen and a bathroom and is utilised as storage for the cafe.
Viewing arrangements are strictly on an appointment only basis with respect given to the Tenant.
Internal Floor Areas (Approx)
227 Castlereagh Road. 840 ft2
225 Castlereagh Road. 320 ft2
Held on Full Repairing and Insuring Lease until 2035.
Passing Rent of £13,500 per annum (gross)
Breaks and Rent Reviews every three years.
Net Annual Value £ 9,650
Leasehold: TBC
