Commerical Investment Property Belfast BT14

Guide Price: £250,000
Auction Date: 16/04/2025

Property Types

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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