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    For Sale
    Warehouse / Distribution, Investment, Belfast, BT12

    Adelaide Business Centre
    Apollo Road
    Belfast
    County Antrim

    BT12 6HP

    Reference 2037795

    Type Warehouse / Distribution, Investment, Offices

    Tenure Freehold

    Size45,988 sq ft (4,272 sq m)

    Freehold: £1,250,000

    Contact LSH Surveyor

    Stuart Draffin
    Director - Head of Agency - Belfast

    028 9026 9215

    Description

    •The property consists of a commercial complex comprising a two-storey office building fronting onto a car park overlooking Apollo Road, behind which sits two rows of warehouse units. The warehouses initially provided seven units on either side and are separated from one another by a central corridor void which in turn facilitates access to additional office units at the end of each warehouse unit.

    The offices are constructed around a steel frame with profiled metal cladding to the external leaf. The warehouse units are constructed of a steel frame with brick and block walls. Each warehouse unit has a full height roller shutter door.

    The accommodation is sub divided into 46 no. units (14 warehouse units and 32 office units) totalling 45,990 sq ft (18,925 sq ft warehouse and 27,065 sq ft office). The property is currently c.57% (26,224 sq ft) occupied, c.43% (27,065 sq ft ) vacant and in need of some refurbishment. Tenants include We Buy Any Car, Clear Pharmacy, Irish Football Association and Signature Works.

    196 no. car parking spaces are marked out at the property and only 19 are dedicated.

    The current gross rent is £104,422 per annum. The property offers significant asset management opportunities, if all the office space was let at £10 psf and all warehouse space was let at £4 psf the rent would be c.£328,000 per annum (potential purchasers to satisfy themselves on potential rental rates achievable). Please note the current service charge is £2.15 psf and the current insurance premium is £0.12 psf.

    Copy detailed tenancy schedule, service charge schedule and floor plans are available from the selling agent.

    Please note all measurements are provided on a gross internal basis although many units have been altered internally by various tenants. Perspective purchasers should satisfy themselves on existing layout and net measurements.

    EPC: G162

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