FOR SALE Royal Avenue, Belfast, BT1 1FF Prime Retail & Office Building extending to c. 10,488 sq ft

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1 FOR SALE Royal Avenue, Belfast, BT1 1FF Prime Retail & Office Building extending to c. 10,488 sq ft

2 Investment Summary Prime four storey Retail & Office building extending to c. 10,488 sq ft. The property offers significant Asset Management, Refurbishment and Redevelopment Opportunities. Prime location close to Ulster University and Castlecourt Shopping Centre. We are seeking unconditional offers in the region of 800,000 (Eight Hundred Thousand Pounds) exclusive of VAT and subject to contract.

3 Coleraine A2 Derry / Londonderry A26 A29 Ballymena A36 A31 M2 A6 Belfast A305 A2 Omagh Cookstown Belfast International Airport Belfast City Airport Dungannon M1 A7 A4 A29 A24 Enniskillen Banbridge A28 Newry Location M6 M4 M3 M1 Dublin Belfast, the capital of Northern Ireland is the 15th largest city in the United Kingdom. The city is located approximately 103 miles (165km) north of Dublin and 75 miles (120km) south east of Derry-Londonderry. Belfast has an excellent communication network. The M2 motorway provides access to the north towards Antrim and Derry and the M1 provides access to the south and west of the Province towards Lisburn and Dublin. The City benefits from four railway stations, and the Belfast to Dublin route has a journey time of approximately 1 hour 50 minutes. The two airports, Belfast City and Belfast International, provide access to all major UK and a large number of international destinations including North America and mainland Europe. The wider Belfast Metropolitan Area has a population extending to approximately 650,000. As the largest commercial centre in Northern Ireland, Belfast has developed into one of Northern Ireland s premier business cities and has the largest employment population in the region. Belfast has been extremely successful in attracting foreign direct investment driven by a highly skilled and educated employment base, competitive operating costs and advanced telecoms infrastructure.

4 D O N E G A L L S T A L F R E D S T G O R D O N S T V I C T O R I A S T OX F O R D S T YO R K S T Royal Avenue D U N B A R L I N K H I L L S T M I L L F I E L D R OYA L AV E H I G H S T C A S T L E S T CATHEDRAL QUARTER A N N S T LAGANSIDE BUS STATION C O L L E G E S Q E C O L L E G E S T A R T H U R S T VICTORIA SQUARE D O N E G A L L S Q N C H I C H E S T E R S T H O WA R D S T CITY HALL D O N E G A L L S Q S G L O U C E S T E R S T M AY S T For indicative purposes only H A M I LT O N S T Situation QUEENS QUARTER B E D F O R D S T A D E L A I D E S T Royal Avenue is one of Belfast s premier business locations. The subject property is located in a prominent landmark position on the corner of Royal Avenue and North Street. The surrounding area is undergoing a huge transformation currently with the development of the new Ulster University Campus ( 250 million), the popular Cathedral Quarter and the planned Royal Exchange regeneration site. In addition to this there have been a number of Student Housing Developments recently as well as the planned redevelopment of Belfast Central Library and the former Belfast Telegraph Building. The property is located close to Castlecourt Shopping Centre and St Anne s Square and there are a wide range of retail, leisure and business amenities in the immediate vicinity. The area is well served by public transport and is within walking distance of the Europa and Donegall Quay transport hubs. D O N E G A L L PA S S

5 Description This distinctive four storey Grade B1 Listed building extends to c. 10,488 sq ft with substantial frontage onto both Royal Avenue and North Street. The property is part-let to two tenants who occupy the ground floor and part of the first floor. The second and third floors are currently vacant and in need of substantial repair in order to bring them up to a lettable standard. The entrance lobby at 105 Royal Avenue has been refurbished in recent years and the property benefits from passenger lift access to all floors. Schedule of Accommodation UNIT DESCRIPTION SQ FT SQ M Ground Unit 1 1, Unit First Unit Ancillary Second Floor - 2, Third Floor - 2, TOTAL (GIA) 10, The property offers significant asset management opportunities and it may be suitable for a range of alternative uses, subject to planning. Listed Building Ref: HB26/50/068 For indicative purposes only

6 Tenancy Unit 1 - Let to Instant Cash Loans Limited t/a The Money Shop. Lease Start Date - 1 August 2007 Lease Term - 15 years Rent - 75,000 per annum Unit 2 - Let to Belfast Tea and Coffee Company Limited No Formal Lease in place. The tenant has made an application to Lands Tribunal for a new Lease at 14,000 per annum. **Note - Please contact the selling agents for further information on this tenancy Tenure The property is held with Freehold Title. Energy Performance Certificate The property benefits from an EPC rating of E111. A copy of the EPC is available upon request. VAT All prices, rents and outgoings are exclusive of but may be liable to VAT. Proposal We are seeking unconditional offers in the region of 800,000 (Eight Hundred Thousand Pounds) exclusive of VAT and subject to contract.

7 Further Information For further information, please contact:- Martin Mallon Daphne Mahon Belfast Office Lambert Smith Hampton Clarence House, 4/10 May Street Belfast, BT1 4NJ Subject to Contract and Exclusive of VAT Lambert Smith Hampton January 2016 Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any ( LSH ) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists impressions or architects drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.