For sale by McQuoids Estate Agents & Chartered Surveyors via the iamsold Bidding Platform

Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit iamsoldni.com. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.


Sandy Row is centrally located off Great Victoria Street / Shaftesbury Square in South Belfast and benefits from a wide variety of neighbouring occupiers to include both residential and commercial accommodation. The property is in close proximity to the Belfast City Hospital and Queens University with ease of access to the Westlink and motorway network, and a short walk to Belfast City centre.
The subject is a substantial two–storey property formally trading as Reid’s Shoes since its construction in 1987 comprising a gross internal area of c.13,400 sqft situated on a site of c.6780 sqft.
The accommodation provides mainly open plan floor space partially divided into individual offices / staff rooms with kitchen and WC facilities. The property presents an opportunity for an expanding / large company for owner occupation or redevelopment to a residential/ mix use scheme subject to necessary planning permission.

Accommodation

Ground Floor c. 558 sq m (c. 6,000 sq ft)
First Floor c. 446 sq m (c. 4,800 sq ft)

Total Net Internal Area c. 1,004 sq m (c. 10,800 sq ft)

Sales Details
Price: Offers in the region of £450,000
Title: The property is held by way of freehold
Site: 0.15 Acres
EPC: 93D

Net Annual Value (NAV)
We are advised by the Land and Property Service that the Nav for the subject property is £30,200 with an estimated Non Domestic Rate Bill of £16,400.

Please note that all prospective purchasers should make their own enquiries to confirm the NAV / rates payable.

Auctioneers Comments:
This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts.
The buyer is also required to make a payment of a non-refundable, part payment 10% Contract Deposit to a minimum of £6,000.00.
In addition to their Contract Deposit, the Buyer must pay an Administration Fee to the Auctioneer of 1.80% of the final agreed sale price including VAT, subject to a minimum of £2,400.00 including VAT for conducting the auction.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
Terms and conditions apply to the traditional auction method and you are required to check the Buyer Information Pack for any special terms and conditions associated with this lot.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.