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Commerical Investment Property Belfast BT14
Auction Date
16 April 2025
Guide Price
£250,000
Property Summary
Guide Price £250,000. The traditionally constructed single storey building with a secure yard area utilised for car parking. To the rear of the site is a blocked up former mortuary building. Internally the property is fitted as a funeral home with ancillary accommodation. Let in a 15 year lease term with effect from November 2020 at an annual passing rent of £18,000. 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 November 2030.
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