www.lsh.ie FOR SALE Excellent Investment/ Development Opportunity Apollo Space Centre, Apollo Road, Belfast, BT12 6HP
Investment Summary Industrial investment opportunity located in a premier industrial/ retail warehousing location. Comprising six adjoining steel portal frame warehouses extending to approximately 83,676 sq ft (7,773 sq m) in total and occupying a site of approximately 2.5 acres. Unit 1 let to Boulder World Limited on a ten year lease from December 2013 at a current rent of 40,000 per annum. Units 2-6 currently vacant offering an excellent asset management opportunity to increase rental income. We are seeking offers in the region of 2,250,000 (Two Million Two Hundred and Fifty Thousand Pounds Sterling) exclusive of VAT and subject to contract.
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 M3 M1 Belfast is the capital of Northern Ireland and the commercial centre for a population in the region of 500,000 persons. The city benefits from good communication links with the remainder of the province via the M1 and M2 Motorway network and public rail systems. The city is located approximately 100 miles north of Dublin and 70 miles south east of Londonderry. Belfast benefits from two airports in George Best Belfast City Airport, some 2 miles to the east of the city centre, and Belfast International Airport, some 17 miles to the north east. The city has four railway stations with a Belfast to Dublin travel time of less than 2 hours. M6 M4 Dublin
D O N EGAL R O A D FALL S ROAD M 1 M O T O R WAY BALMORAL RD B O U C H ER R OA D APOLLO RD TAT E S AV E N U E Apollo Space Centre LISBURN ROAD M A LON E R OA D S T O C K M A N S L A N E For indicative purposes only Situation Boucher Road is one of Northern Ireland s premier locations for industrial and retail warehouse accommodation. The property is situated on the northern side of Apollo Road, within close proximity to its junction with Boucher Road. The property has excellent transport links being situated approximately 1 mile to the southwest of the Westlink (A12), which in turn provides direct access onto the M1, M2, M3 and M5 Motorways, together with bus routes into Belfast City Centre. Belfast City Centre is approximately 2.5 miles to the north. Local occupiers include Marks & Spencer, Charles Hurst, Home Bargains, Lakeland, DW Sports Fitness and Harvey Norman. The property is adjacent to the National Football Stadium at Windsor Park.
Description The property comprises a terrace of six adjoining steel portal frame warehouses situated on a site extending to approximately 2.5 acres (1.012 hectares). Unit 1, extending to approximately 9,830 sq ft (913 sq m), is an end terrace unit of steel portal frame construction with part brick and part metal clad elevations. The unit is arranged to provide warehouse accommodation together with ancillary offices. The property benefits from an enclosed yard area to the front. The unit is currently tenanted and utilised as an indoor climbing centre trading as Boulder World Limited. Schedule of Existing Accommodation UNIT DESCRIPTION SQ M SQ FT Unit 1 Warehouse with Ancillary Offices 913 9,830 Units 2-6 Warehouse with canteen and mezzanine areas 6,860 73,846 TOTAL GIA 7,773 83,676 NB: Prospective purchasers should satisfy themselves that the above areas are correct. Units 2-6, extending to approximately 73,846 sq ft (6,860 sq m) in total, comprises five adjoining units of steel portal frame construction and metal clad elevations. The units were previously utilised as a call centre with entrance foyer, canteen area and extensive mezzanine area. Four of the units have been stripped out. The property benefits from a self-contained yard area to the front which provides on-site car parking facilities. For indicative purposes only
Tenancy Unit 1 is let to Boulder World Limited for a term of 10 years from December 2013, therefore expiring on December 2023, at a current rental of 40,000 per annum. There are five yearly upward only rent reviews in place and a tenant break option at the end of the fifth anniversary. The lease provides for full repairing and insuring terms. A copy of the lease is available on request. Units 2-6 are currently vacant and therefore offer an excellent asset management opportunity to increase rental income. Tenure The property is held Long Leasehold. The lease is for a term of 999 years from 22nd April 1988 at an annual rent of 1. Energy Performance Certificate The property benefits from an EPC rating of C67-E111. Copies of the EPC's are available upon request. VAT We are advised that the subject property is registered for VAT, therefore VAT will be chargeable in addition to the prices quoted.
www.lsh.ie Proposal We are seeking offers in the region of 2,250,000 (Two Million Two Hundred and Fifty Thousand Pounds Sterling) exclusive of VAT and subject to contract. Further Information For further information, please contact:- Martin Mallon Daphne Mahon 028 9026 9267 028 9026 9273 mmallon@lsh.ie dmahon@lsh.ie 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.