Beacon House, 27 Clarendon Road, Clarendon Dock, Belfast, BT1 3BG

  • £4,600,000
27 Clarendon Road, Clarendon Dock, Belfast
For Sale

Beacon House, 27 Clarendon Road, Clarendon Dock, Belfast, BT1 3BG

27 Clarendon Road, Clarendon Dock, Belfast
  • £4,600,000

Description

FOR SALE – FULLY LET WATERFRONT OFFICE INVESTMENT 

 

Investment Summary

• Belfast, the capital of Northern Ireland is the 12th largest city in the United Kingdom and the 2nd largest city on the island of Ireland.
• Well located office building in Belfast’s premier business park.
• The property measures 51,028 sq ft and benefits from 35 demised car parking spaces. An additional 70 car parking spaces are provided throughout the estate.
• A number of the floors have been periodically refurbished over the last 10 years.
• The property is let to Capita Business Services Limited until the 31st August 2028 at a passing rent of £675,000 per annum.
• Capita is an international business process outsourcing and professional services company headquartered in London.
• Capita Business Services Limited has a CreditSafe score of 93/100 representing “Very Low Risk”.
• We understand the property is held long leasehold for 175 years from 1 November 1998 at a ground rent of £87,500 per annum.
• We are instructed to seek offers in excess of £4,600,000 (Four Million and Six Hundred Thousand Pounds) exclusive for our client’s long leasehold interest excluding VAT.
• A purchase at this level would reflect a capital value of £90 per sq ft and an attractive net initial yield of 12.00% (assuming purchaser’s costs of 6.94%).

Description

The property comprises a modern office building constructed in 1999 offering waterfront offices over 5 floors with 35 demised car parking spaces. An additional 70 car parking spaces are provided throughout the estate. The building is constructed of steel frame with concrete block infilled walls. The external elevations of the building comprise a mix of finishes to include red fair facing brickwork, profiled cladding, glazing units and sandstone blockwork at ground floor level. The fourth floor is constructed in a cantilever style with supporting columns on the eastern elevation of the building.
The primary entrance to the property is located on the western elevation, leading to a full height curved atrium. There is a manned security office and barrier access control system at ground floor. The upper floors are of broadly comparable layout comprising a large open plan floor plate with a provision of private offices and meeting rooms. Each floor also benefits from male, female & accessible W/C’s. Two 10no. passenger lifts serve the building.
Offices are finished with raised access floors, plaster painted walls and suspended tile ceilings incorporating lighting. Radiators are also provided to the perimeter.
The property further benefits from having a dedicated generator building situated in the car park.

 

Property Documents

Brochure
EPC
  • Address 27 Clarendon Road
  • City Belfast
  • Zip/Postal Code BT1 3BG

Details

Updated on April 9, 2024 at 11:53 am
  • Price: £4,600,000
  • Property Size: 51028 Sq Ft
  • Property Type: Investment, Office
  • Property Status: For Sale

Video

Energy Class

  • Energetic class: C
  • EPC Current Rating: 74
  • A+
  • A
  • B
  • | Energy class C
    C
  • D
  • E
  • F
  • G
  • H

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