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.

JOINT AGENT – MCKIBBINS – 02890500100