Woodchester House, 50 Newforge Lane, Belfast, BT9 5NW

  • £1,395,000
Woodchester House, 50 Newforge Lane, Belfast, BT9 5NW
For Sale

Woodchester House, 50 Newforge Lane, Belfast, BT9 5NW

Woodchester House, 50 Newforge Lane, Belfast, BT9 5NW
  • £1,395,000

Description

FOR SALE – FULLY LET OFFICE INVESTMENT 

 

Investment Summary

• Belfast, the capital of Northern Ireland is the 12th largest city in the United Kingdom and the 2nd largest on the island of Ireland.
• The subject property is situated off Malone Road, which is one of the most affluent residential locations of South Belfast.
• Fully let to Power NI Energy Limited with a total rental income of £133,749 per annum.
• The premises comprises of a purpose built 2 storey office block extending to 12,159 sq ft.
• Power NI is part of the Energia Group which is one of Ireland’s top 50 businesses.
• Power NI Energy Limited has a CreditSafe score of 100/100 representing “Very Low Risk”.
• The investment provides a WAULT of 1.98 years term certain and 3.40 years to lease expiry.
• We are instructed to seek offers in excess of £1,395,000 (One Million Three Hundred and Ninety-Five Thousand Pounds) exclusive for our client’s interest excluding VAT. A purchase at this level would reflect a low capital value of £114 per sq ft and an attractive net initial yield of 9.04% (assuming purchaser’s costs of 6.05%).

Description

The premises comprises of a purpose built 2 storey office block, which sits between Forestwood and Bridgewood House. The property Fronts onto the main car park within the office development. The property is easily visible when entering the park.

The property comprises a modern office building constructed on a steel frame with cavity walls and red facing bricks externally. The front façade is clad with timber panelling and there are feature glass blocks to the top atrium hall. There are plastered and painted walls, suspended ceilings with a combination of spot LED’s and recessed LED light boxes.

The floors are carpeted throughout with tiled floors to toilets/kitchen areas. There are perimeter wall computer / power and telecom points. There is a lift access to the upper floors as well as concrete stairwells providing fire escape access to the building.

Externally, there are tarmacadam marked car parking spaces. Benefits from security floodlighting. The communal areas around the car parks and buildings are well maintained in grass and stocked with shrubs.

The subject benefits from 32 designated car parking spaces on site.

 

Property Documents

Woodchester House - Brochure
  • Address 50 Newforge Lane, Belfast
  • City Belfast
  • Zip/Postal Code BT9 5NW

Details

Updated on April 10, 2024 at 12:19 pm
  • Price: £1,395,000
  • Property Size: 12159 Sq Ft
  • Property Type: Investment, Office
  • Property Status: For Sale

Energy Class

  • Energetic class: C
  • EPC Current Rating: 57
  • A+
  • A
  • B
  • | Energy class C
    C
  • D
  • E
  • F
  • G
  • H

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