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Commercial Investment Building for Auction Belfast BT4
Guide Price:
£570,000
Auction Date:
16/04/2025
Property Types
Guide Price £570,000. The property comprises a funeral home with offices and service room. The main building comprises a two storey brick building with access to a substantial warehouse area which is used for car parking and storage of funeral cars. The red brick building to the rear is not included in the sale. Let on a 15 year lease term with effect from 14th February 2023 at an annual passing rent of £40,000. The lease is subject to 5 yearly rent reviews. The rent reviews are RPI linked collared and capped at 2% and 4% respectively. There is tenant break option in February 2033.
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