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5th & 6th Floors, Glengall Exchange, Glengall Street, Belfast, Co. Antrim, BT12 5AB

Office Property (5,200.00 sqft) For Sale by Private Treaty
of

Price Offers in Excess of £635,000

Location

The subject property is situated on Glengall Street, located off Great Victoria Street, a prime city centre location which benefits from excellent transport links, due to it’s close proximity to the Europa Bus/Train Station and can easily be accessed from the Motorway networks via Grosvenor Road.

The property is adjoining the historic Grand Opera House and facing The Europa Hotel. The area will also see major change over the next number of years with the new Transport Hub / Weavers Cross being constructed in close proximity.

Other office occupiers in the vicinity include MKB Russells Solicitors, Alexander Mann Deloitte, Axiom Law and various Government departments.
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Full Description

The Suites are situated on the top floor’s of a 6 storey office building, benefitting from excellent views over Cave Hill. 

5th Floor comprises effectively 3 suites, two of which are currently occupied and under lease. They are mainly cellular offices with a shared reception area and kitchen. 

6th Floor is vacant and comprises a reception area / open plan office, boardroom, private office, storeroom and kitchen. 

In addition there is an external balcony/terrace area on the 6th floor.

The suites provide suspended ceilings with recessed lighting, plaster painted walls, carpet floors, perimeter trunking, gas heating and air handling units.

In addition there are communal W.C.s on each floor, Lift access and an intercom entry system.

Viewing Details

By appointment with the sole selling agent Lisney.

Accommodation

    Description 

    Size (Sq ft)

    5th Floor

    2,650

    6th Floor

    2,550

    Total

    5,200


    Tenants

    There are currently 2 tenants occupying part of the 5th floor.

    The total income is £14,283 per annum with a lease end of 28th February 2021 & 31st April 2021 respectively.

     

    Service Charge
    A service charge will be levied to cover an appropriate proportion of the cost of external repairs and maintenance, building insurance and upkeep of common areas.

     

    The current service charge estimate for the year 2018/19 is c. £8,100 for both floors.

     

    EPC Rating
    The suites has an Energy Efficiency as follows. Full certificates can be made available upon request. 

    Suite 5 - C52

    Suite 6 - C51

     

    Business Rates


    Floor 5 (1) Floor 5 (2) Floor 5 (3) Floor 6 
    NAV

    £4,850

    £5,350

    £6,550

    £21,300

    Rate in the £2018/19

    0.602803

    0.602803

    0.602803

    0.602803

    Approximate Rates payable year 2018/19

    £2,936

    £3,225

    £3,949

    £12,840


    Potential purchasers should make their own enquiries concerning rates.


    Title
    We understand the property is held by way of a long leasehold interest with a nominal ground rent.

    Asking Price
    Offers in excess of £635,000 exclusive. 

    VAT
    All prices and outgoings are exclusive to but may be liable to V.A.T. 
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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.

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

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