28 School Road,

Features

• Investment/Potential
• Development Opportunity
• c. 0.16 acres (0.06 hectares)
• Tenant Unaffected

The property which comprises a traditional red brick former church hall, sits on a triangular shaped site and provides an opportunity to acquire an income producing asset, offering a range of redevelopment opportunities, subject to necessary consents.

The property has been converted to provide office accommodation arranged over ground and first floor. The accommodation benefits from an open plan office with separate office/meeting rooms and ancillary staff accommodation. The finish of the premises includes:

• Feature exposed steel cambered trusses with sound insulation panels to ceilings
• Carpet flooring throughout
• Painted/ Plastered walls
• Gas fired central heating
• Double glazing throughout
• Installed alarm and CCTV
• On-site parking
• WC/kitchen facilities

Land Area (approx) 0.16 acres

Sale Price: £370,000 exclusive

VAT
All prices, rentals and outgoings are quoted exclusive of VAT.

Current Tenancy
Tenant: Mifinity UK Limited
Term: 3 years 10 months from 1 February 2022
Passing Rent: £22,000 per annum exclusive
Repairs: Internal repairing only but internal and external decorating

Planning
The property is located within the development limits of Castlereagh as defined under both the Belfast Urban Area Plan 2001and draft BMAP 2015, undesignated as “White Land”. The site would be suitable for a variety of uses. Subject to any necessary consents and approvals. Interested parties are advised to make their own enquiries directly with the local Planning Office.

Covenant Information
Mifinity is a global payments provider, regulated by the Financial Conduct Authority. For the year ending 31 December 2022, Mifinity reported a turnover of £5,397,214 and a net worth of £2,125,307 (Source: Experian Ltd).

EPC - D89

Ground Floor - 1,867 square feet
First Floor - 178 square feet
Total Area - 2,045 square feet

Note: Under the terms of the Estate Agents Act 1979, we are required to disclose to proposed purchasers that an employee of Osborne King has a personal interest in the property. 

Directions

The property is located on School Road, just off the Saintfield Road in Newtownbreda (c. 4.8 miles from Belfast city centre and 0.6 miles from Lesley Forestside). The Saintfield Road is one of the main arterial routes leading from Belfast city centre towards Carryduff and Ballynahinch.

The property benefits from a high level of accessibility with ease of access onto the A55 Ring Road and public transport bus links. The immediate area comprises high density housing with a number of commercial and community uses, to include the Mencap Centre and Ashvale Day Nursery.