Enterprise House, Boucher Crescent, Belfast, BT12 6HT
£1,100,000
Description & Features
The property comprises of 3 no 2 storey showroom units fronting Boucher Crescent and 5no warehouse units to the rear. The property is currently fully let to 8 tenants producing an income of £147,550 per annum exclusive.
We are instructed to seek offers over £1,100,000 (One Million and One Hundred Thousand Pounds Sterling) for our client’s long lease interest, excluding VAT.
A purchase at this level would reflect a net initial yield of 8.86% assuming purchasers’ costs of 5.85%.
A full title pack is available from the vendors solicitors. Offers must be submitted with a signed contract and a 10% deposit by 12 noon, Thursday 15th August 2024.
- The property is situated on the corner of Boucher Crescent and Boucher Place, close to the junction of Boucher Road and just 160 meters from Boucher Retail Park.
- Boucher area is Belfast’s premier location in terms of retail warehouse, trade counter and car show rooms.
- It is located approximately 3 miles from Belfast City Centre, and 1 mile from the M1 Broadway Junction.
- The property comprises of 3no. 2 storey showroom units fronting Boucher Crescent and 5no. warehouse units to the rear.
- The property is currently fully let to 8 tenants producing an income of £147,550 per annum exclusive.
- The property is held under a 125 year lease from 1st January 1987 at a current passing rent of £44,300 per annum.
Housing Tenure
Type of Tenure
Not Provided
Legal Fees Calculator
Making an offer on a property? You will need a solicitor.
Budget now for legal costs by using our fees calculator.
Solicitor Checklist
- On the panels of all the mortgage lenders?
- Specialists in Conveyancing?
- Online Case Tracking available?
- Award-winning Client Service?