FOR SALE
RETAIL AND OFFICE INVESTMENT
180–186 LISBURN ROAD
BELFAST
LOCATION
The property is located approximately 1.5 miles from the city centre on the Lisburn Road, which is one of the main arterial routes from South Belfast into the City Centre and is considered one of Belfast’s most popular suburban retail/office and restaurant locations.
Nearby occupiers include, Tesco, Caffe Nero and Shu Restaurant.
DESCRIPTION
180 – 186 Lisburn Road comprises 4no red brick 3 storey (plus part basement) terraced properties offering quality restaurant, retail and office accommodation. The property is let producing a gross rental income of £180,780 per annum. (rising to £215,780pa when Basement let at the ERV).
TENANCY SCHEDULE
180/182 Lisburn Road
Floor Tenant Rent (Gross) Term
Basement Vacant £35,000pa (ERV) –
Ground Floor Ivy & White £22,200pa 5 yrs from 01/04/2022
180 Lisburn Road
Floor Tenant Rent (Gross) Term
First Floor The Brow Artisan £4,500pa 3 yrs from 14/11/2023
First Floor Vivo Clinic £4,800pa 1 yr from 01/12/2018
First Floor Hot Sauce Pictures Ltd £5,400pa 1 yr from 01/04/2023
First Floor Declan Curtis £4,200pa 1 yr from 01/02/2023
Second Floor Quinn & McAleer £9,000pa 1 yr 01/08/2018
182 Lisburn Road
Floor Tenant Rent (Gross) Term
First Floor Lisa Parry £4,200pa 1 yr from 01/09/2022
First Floor Lisa Kirkwood £5,400pa 1 yr from 14/11/2023
First Floor NYC Nails £4,896pa 6 Months 26/02/2024
First Floor Una Leonard £6,048pa 2 yrs from 01/01/2024
First Floor James Armstrong £4,896pa 2 yrs from 01/02/2024
Second Floor Indaver £15,000pa 1 yr from 01/01/2017
184 Lisburn Road
Floor Tenant Rent (Gross) Term
Ground Floor Fraser Nolan Shutter £16,800pa 1 yr from 01/03/2023
Ground Floor The Clinic £8,400pa 1 yr from 16/12/2022
First Floor Healthy Mind Coaching £3,600pa 1 yr from 27/12/2022
First Floor Bennet Estate Agent £13,500pa 1 yr from 01/01/2023
Second Floor Bradley McClure £10,200pa 5 yrs from 01/05/2018
then month to month
186 Lisburn Road
Floor Tenant Rent (Gross) Term
Ground Floor Conor Heaney £12,000pa 3 yrs from 01/07/2021
Ground Floor Patricia Jamshidi £3,600pa 1 yr from 01/12/2022
First Floor Home Instead £12,000pa 2 yrs from 01/01/2022
First Floor Bradley McClure £10,140pa 1 yr from 03/09/2008
Current Approximate Landlord Annual Costs
Electricity £2,962
Water £625
Flogas £2,470
Oil £1,525
Rates £5,950
Insurance £2,265
Total £15,797pa
ACCOMMODATION
The building provides the following net internal areas:
180/182 Lisburn Road Belfast Basement (Restaurant) 2,026 sq ft
Ground Floor (Ivy & White) 1,229 sq ft
180 Lisburn Road Belfast First Floor 629 sq ft
Second Floor 431 sq ft
182 Lisburn Road Belfast Ground Floor 129 sq ft
First Floor 565 sq ft
Second Floor 452 sq ft
184 Lisburn Road Belfast Ground Floor 455 sq ft
First Floor 521 sq ft
Second Floor 610 sq ft
186 Lisburn Road Belfast Ground Floor 529 sq ft
First Floor 593 sq ft
Second Floor 610 sq ft
Total 8,779 sq ft
RATES
The NAV of the property are currently assessed as:
Basement 180/182 Lisburn Road £16,500
Ground Floor 180/182 Lisburn Road £9,600
Upper Floors 180 Lisburn Road £8,800
Upper Floors 182 Lisburn Road £10,450
184 Lisburn Road £16,750
186 Lisburn Road £18,800
Sale Details
Price: £1.8m
Title: Freehold or long leasehold subject to a nominal ground rent.
VAT: Prices rentals and outgoings do not include VAT which may be chargeable.
VIEWING
Appointments can be made through Campbell Cairns (Tel: 028 9024 9024).
EPC
C66
