Enterprise House, Boucher Crescent, Belfast, BT12 6HT

Offers Over

£1,100,000

Typical Mortgage

per month

Investment

Contact Agent

CBRE | NI

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Description & Features

The property is situated on the corner of Boucher Crescent and Boucher Place, close to the junction of Boucher Road and just 160 meters from Boucher Retail Park.
Boucher area is Belfast’s premier location in terms of retail warehouse, trade counter and car show rooms.
It is located approximately 3 miles from Belfast City Centre, and 1 mile from the M1 Broadway Junction.
The property comprises of 3no. 2 storey showroom units fronting Boucher Crescent and 5no. warehouse units to the rear.
The property is currently fully let to 8 tenants producing an income of £147,550 per annum exclusive.
The property is held under a 125 year lease from 1st January 1987 at a current passing rent of £44,300 per annum.

The property comprises of 3 no 2 storey showroom units fronting Boucher Crescent and 5no warehouse units to the rear. The property is currently fully let to 8 tenants producing an income of £147,550 per annum exclusive.

We are instructed to seek offers over £1,100,000 (One Million and One Hundred Thousand Pounds Sterling) for our client’s long lease interest, excluding VAT.

A purchase at this level would reflect a net initial yield of 8.86% assuming purchasers’ costs of 5.85%.

A full title pack is available from the vendors solicitors. Offers must be submitted with a signed contract and a 10% deposit by 12 noon, Thursday 15th August 2024.

Housing Tenure

Type of Tenure

Not Provided

Location of Enterprise House

The Property is situated on the corner of Boucher Crescent and Boucher Place, close to the junction of Boucher Road and just 160 meters from Boucher Retail Park. Boucher area is Belfast’s premier location in terms of retail warehouse, trade counter and car showrooms. It is located approximately 3 miles from Belfast City Centre, and 1 mile from the M1 Broadway Junction.

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