Lot 4

Unit 3, 21 Old Channel Road

Belfast, BT3 9DE

Prime Office Building with Part Income

Guide Price*
£650,000
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Security Deposit

£5,000

Buyer's Administration Fee

£1,200

Vendors Solicitor

Katie Cooper, Cooper Wilkinson, Imperial Buildings, 38 Queen Elizabeth Road, Enniskillen, BT74 7BY
028 6632 2615

Additional Documents

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Key features

  • Part income producing £59,625 pa
  • Estimated Rental Value for building £90,000 per annum
  • Second floor available to let 3,035 sqft

Description

This is a modern detached office building providing office accommodation over ground, first and second floors. Dedicated parking is provided on site. The building is finished to a high specification over ground and two upper floors. Finishes include:

- Suspended ceilings
- Passenger lift
- Painted and plastered walls
- Mixture of carpeted and tiled flooring
- Raised access flooring
- Double glazing throughout
- CCTV system and security gated entrance
- Gas fired central heating
- Air conditioning system heating/cooling
- Mixture of recessed strip and spot lighting
- DDA compliant
- W/C and disabled toilet on each floor
- 20 no. allocated on site car parking spaces

Viewing

Contact Savills Auction Team.

Planning

Offices

VAT

We understand the building is opted for 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 Values:
Unit 3 (Grd), 3A (1st) & 3B (2nd): £29,600 per floor
Estimated Rates Payable for 2026/2027: £19,249 per floor

Additional information

Accommodation

Ground, first and second floors with parking.

Tenancy

The property is part let to Kindercare Fostering Northern Ireland Ltd over ground and first floors. The term of the lease is 5 years with effect from 26 June 2024 at a passing rent is £59,625 per annum.

The office building is strategically located in the heart of Belfast Titanic Quarter. Channel Wharf is easily accessible via Sydenham Road benefitting from access from the M2 and M3 motorways. The subject is approximately 1 mile from Titanic Quarter Railway Station and benefits from on site parking as well as an abundance of public car parking at the SSE Arena.

Occupiers within the vicinity include Kingsbridge Healthcare Group, Omexom, Verisure and Lagan Construction.

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - B49.

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
Ground Floor 3,468 sq ft (322.18 sq m)
First Floor 3,157 sq ft (293.25 sq m)
Second Floor 3,035 sq ft (281.97 sq m)
Total Net Internal Area 9,660 sq ft (897.4 sq m)