Parkwood House, Newforge Lane,
Belfast, BT9 5NW
Investment Property (8,560 sq ft)
Offers Over £975,000
Contact Campbell Cairns
+44 28 9024 9024
Property Overview
Status
For Sale
Style
Investment Property
Property Financials
Price
Offers Over £975,000
Property Engagement
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FOR SALE OFFICE INVESTMENT – PART LET TO ENERGIA
PARKWOOD HOUSE, NEWFORGE LANE, BELFAST
8,560 SQ FT / 795.24 SQ M
LOCATION
Newforge Lane is located just off the Malone Road, leading on from Balmoral Avenue. It is a well established suburban business park. The M1 motorway is located approximately 1.5 miles away with the interchange at Stockmans Way.
DESCRIPTION
Parkwood House is a two storey detached office building, extending to 8,560 sq ft and has 32 car parking spaces on a site of approx. 0.4 acres. The property is finished to include plastered and painted walls, carpet covered floors and gas fired central heating. The building also benefits from a passenger lift to provide access to the first floor. Both floors are largely open plan, with a couple of individual offices, boardroom, kitchen and WC facilities
LEASE DETAILS
Ground Floor Office 4,310 sq ft 400.4 sq m +17 car parking spaces
First Floor Office 4,250 sq ft 394.8 sq m +15 car parking spaces
Total 8,560 sq ft 795.2 sq m
TENANCY DETAILS
GF Energia Group NI Holdings Ltd Lease until 30.09.28 £47,443 pax (increase to
£50,000 on 01.10.26)
FF Vacant To LET Quoting £52,500 pax
Estimated Total Rent £102,500 pax
NAV
We have been advised by Land & Properties Services that the NAV’s of the property are:
NAV Payable
GF £41,100 £23,518
FF £40,50 0 £23,174
PRICE
Offers around £975,000 for the freehold interest which equates to just under £115 psf.
VAT
Prices, outgoings and rent do not include VAT which may be chargeable.
EPC B39.
