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16 Starbog Road, Kilwaughter, Larne, Co. Antrim, BT40

Industrial Property (5.55 acres) Sold
of

Sold

Features

  • Current rental income of £13,140 exc. VAT per annum
  • Refurbishment/Redevelopment opportunity
  • Huge potential for asset management
  • Just 5 miles from the Port of Larne
  • Excellent transport links along the new A8 dual carriageway

Location

16 Starbog Road is located in Kilwaughter, just 5 miles east of Larne and 22 miles north east of Belfast. Due to the recently upgraded A8 dual carriageway, the estate now benefits from excellent transport links to Larne and Belfast.

The industrial estate is split into two parts, the northern end of the estate is accessed from Starbog Road and the southern end of the estate is accessed from Shanes Hill Road.

Property uses in the surrounding area are a mix of commercial and residential. Immediately adjacent to the estate is the Kilwaughter Mews residential development, built on the site of the former Kilwaughter House Hotel. Opposite the estate on the Starbog Road is Kilwaughter Lime, an operational limestone quarry.
Access/Directions
Take the exit off the A8 for Kilwaughter and continue on this road (Shanes Hill Road) for approximately 0.9 miles. The Shanes Hill Road entrance is located directly after the turnoff for Kilwaughter Mews housing development. For the northern end of the estate, whilst on Shanes Hill Road, take the turnoff for Starbog Road on the right hand side. The entrance to the estate is directly opposite Kilwaughter Quarry and as you turn left into the lane, is at the top of the hill.

Full Description

16 Starbog Road is an industrial estate comprising of 11 commercial units and 4 derelict cottages. Please see schedule below for property details.

The units comprise of several former agricultural buildings which have been subdivided into various units. The properties are of mixed construction type, age and material, with some in better condition than others.

The cottages have been vacant for a significant period of time and would require extensive refurbishment or demolition. We note that there is expired planning permission on part of the site for two replacement dwellings. Please see planning section opposite.
Schedule
Unit Use Size (GEA) Sq Ft Size (GEA) Sq M Tenancy Rent per annum
           
A Storage 1877 174.4    
B Storage 1205 112.0

Tenanted By

£4200
C Storage 2156 200.3 Single Tenant  
D Storage 679 63.1    
E Storage 2250 209.0    
F Storage 704 65.4 Tenanted £1,560
G Storage 1266 117.6 Vacant Nil
H Boat Repair 2030 188.6 Tenanted £3,120
I Vacant 1863 173.1 Vacant Nil
J Unit & Haulage Yard 1893 175.9 Tenanted £3,600
K Stables 2652 246.4 Tenanted £660
           
Total   18,576 1725.8   £13,140
           
10 Starbog Rd Cottage 632 58.7 Derelict Nil
12 Starbog Rd Cottage 443 41.2 Derelict Nil
14 Starbog Rd Cottage 415 38.6 Derelict Nil
16 Starbog Rd Cottage 1,134 105.4 Derelict Nil
Planning

Outline planning for ‘Site of 2 Dwellings and garages to replace 3 cottages’ was granted on 12/9/2005 under the reference F/2005/0113/O.

As far as we are aware no development commenced, therefore we assume that the planning expired on 07/09/2008.

Rates
Unit NAV
   
A&B £1,100
C £1,500
D £1,400
E Removed from valuation list
F £1,750
G £970
H £1,550
I £400
J £1,250
   
Cottages Ratable Value
   
10 Starbog Rd £40,000
12 Starbog Rd £38,000
14 Starbog Rd £37,000
16 Starbog Rd £59,000
Asking Price

Offers are invited in the region of £125,000

VAT

All prices, outgoings and rentals are exclusive of, but may be liable to VAT

Viewing Details

By special appointment with the sole letting agent, Lisney.

Contact Details

Address: Montgomery House, 29-33 Montgomery Street, Belfast BT1 4NX
Telephone: +44-2890-501501 or you can also email us at property@lisney-belfast.com

Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that:

1. These particulars do not constitute any part of an offer or contract.

2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.

3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation  are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation or for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant.

  4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA No. 001848.