Lot 6

15 Pilots View

Belfast, BT3 9LE

Prominent Investment within Belfast Harbour Estate

Guide Price*
£300,000
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Security Deposit

£5,000

Buyer's Administration Fee

£1,200

Vendors Solicitor

Ian Ward, Gillen & Co Solicitors, 3 Old Kenlis Street, Banbridge, BT32 3BD
028 4062 6639

Agreement Documents

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Key features

  • Fully let producing £30,000 per annum
  • Fitted to a high specification
  • Yield of 9.68% based on the guide price

Description

The property comprises a modern detached two-storey office building . The modern building is of steel portal-frame construction with solid concrete floors, finished externally in part metal cladding and part blockwork. Internally, the accommodation has been fitted to a very high specification throughout, including open-plan and cellular office layouts with air-conditioning, suspended ceilings, LED lighting, double-glazed windows, Cat 5 cabling and raised access flooring. The accommodation provides open plan areas with cellular offices as well a gym area on the ground floor. Kitchen, WCs and shower facilities are also provided over both floors. Externally the property includes 15 designated car parking spaces.

Viewing

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Planning

Offices

VAT

All figures quoted are exclusive of and may therefore be liable to VAT.

Title

Please refer to vendor’s solicitor for Title Pack or download from the Savills website (niauctions.savills.ie).

Land and Property Services Rates Assessment

Net Annual Value: £42,900
Estimated Rates Payable: £26,881

Additional information

Accommodation

Total Net Internal Area Ground floor 2,015 sqft (187 sqm) First Floor 2,114 sq ft (196 sqm) Total 4,129 sqft (384 sqm) 15 designated car-parking spaces

Tenancy

The building is let to Hurree Limited for a term of 10 years with effect from 15th March 2023 and subject to a rent review at the end of the 5th year. The passing rent is £30,000 per annum on full repairing and insuring terms. The lease is subject to a tenant option to terminate the lease of the 5th anniversary.

The property is located in Sydenham Business Park which is located approximately 4 miles east of Belfast City Centre and a short distance from George Best Belfast City Airport, offering excellent connectivity to the M1, M2 and wider road network. Pilots View forms part of the well-established Sydenham Business Park, situated off Heron Road within the Belfast Harbour Estate.
The surrounding occupiers include CCL Interiors, Guide Dogs, TCB Group, Bombardier, BP, Phoenix Natural Gas, DFC, and CEM Systems.

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - B 43

If no EPC rating appears please refer to the legal pack.

•Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

•The reserve price is the minimum price at which the property can be sold.

•Both the guide price and reserve price may be subject to change up to and including the day of the auction.

•For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

Please note that all prices listed, whether prior to or post auction, are subject to contract.

The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

Accommodation

1 2 3 4 5
Total Net Internal Area
Ground Floor 2,015 sq ft
First Floor 2,114 sq ft
Total 4,129 sq ft
17 Designated Car Parking Spaces