356 Antrim Road, Belfast, Co. Antrim, BT15 5AE

Lot Image

Auction sale - Friday 1st July 2016

Result:

Sold after auction for an undisclosed amount

  • Residential investment building
  • Comprising 3no. two bedroom flats
  • Excellent investment opportunity
  • Current gross rent £10,800 per annum with one flat vacant

Details

Location

The property is situated in the established residential and commercial area of Antrim Road in North Belfast. Local shops and amenities are located within a short walking distance along Antrim Road. The immediate area offers a number of varied amenities such as parks and schools, with further facilities available in Belfast City Centre approximately 2.5 miles south of the property. The property benefits from good transport links with connections to the M1 and M2 Motorway networks located nearby.

Tenure

Leasehold. The property is held on a lease dated 17th August 1945 for a term of 10,000 years from 1st May 1945.

Auction Details

The property will be open for viewing on the following dates and times:
Monday 13th June 2016 between 10.45am - 11.45am
Monday 20th June 2016 between 10.45am - 11.45am
Monday 27th June 2016 between 10.45am - 11.45am

Please note that Flat 1 and Flat 2 will only be open for viewing. Please note that these are open viewings and you do not need to book an appointment.

The auction will take place on Friday 1st July 2016 in the Europa Hotel, Belfast at 10.45am. You are required to bring with you two forms of ID (one photographic such as a driving licence or passport, and one proof of address such as a utility bill or bank statement), together with a cheque or banker's draft for the deposit and buyer's fee.

Description

The property comprises a semi detached residential investment building arranged over ground and two upper floors. Internally the property is arranged to provide 3no. two bedroom flats, each providing a reception room, kitchen, two bedrooms and bathroom. The property benefits from double glazed windows and gas fired central heating.

Tenancy & accommodation

Address Tenant Floor Use Sq M Sq Ft Lease terms Current Rent
TOTAL 179.68 1,935 £10,800
Flat 1 (EPC: D64) Individual Ground Reception Room Kitchen Bedroom 1 Bedroom 2 Bathroom 16.35 16.72 15.24 9.94 4.09 176 180 164 107 44 Tenancy Agreement £5,400
Flat 2 (EPC: D64) Vacant First Reception Room Kitchen Bedroom 1 Bedroom 2 Bathroom 21.46 9.75 15.05 7.43 7.90 231 105 162 80 86 - -
Flat 3 (EPC: D62) Individual Second Reception Room Kitchen Bedroom 1 Bedroom 2 Bathroom 14.49 9.48 16.35 7.25 8.18 156 102 176 78 88 Tenancy Agreement £5,400

Seller's solicitor

Mills Selig
(Joanne Mulholland)
028 9024 3878
joanne.mulholland@millsselig.com

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Administration Fee

The successful purchaser will be required to pay the auctioneers administration fee of £250 plus VAT.

Contact us now

National auctions

Tel: +44 (0) 207 198 2000
Email: auctions@lsh.co.uk

Online auctions

Tel: +44 (0) 207 198 2000
Email: onlineauctions@lsh.co.uk

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