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OFFICE / RETAIL INVESTMENT , Centre House, 79 Chichester Street, Belfast, BT1 4JE
74,914 Sq Ft / Retail
Withdrawn - Last updated: 21 October 2014
Property is let by way of 10 leases and several car park licence agreements producing an income of £624,200 per annum 58.66% of income derived from government tenants with a further 7.38% derived from a quasi-government organisation.
The property comprises a total Net internal Area of 74,914 sq.ft (6,960 sq.m); this is inclusive of 7 ground floor units which combined extend to 12,629 sq.ft(1,173 sq.m). We are instructed to seek offers in excess of £4,600,000 (Four Million Six Hundred Thousand Pounds) for our client’s interest, subject to contract and exclusive of VAT.
A purchase at this level reflects an attractive net initial yield of 11.08%, exclusive of VAT and assuming purchasers costs of 5.8%.
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