C. 8% Yield, 26-36 Lisburn Road, Belfast City Centre, Belfast, Co. Antrim, BT9 6AA

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AMV £1,300,000 (€1,483,510) (Auction)

Terraced House
21 Bedrooms, 8 Bathrooms, Terraced House

Contact Name: Debbie McNaught

Agent: iamsold

PSR Licence Number: 002978

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Property Description

For sale by CPS Property via the iamsold Bidding Platform

Please note this property will be offered by online auction unless sold prior. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.


CPS Property are delighted to bring this exceptionally well located property in the heart of Belfast. 26 €" 36 Lisburn Road is a substantial investment property which comprises of Four 4-Bedroom Houses, Five 1-Bed Apartment and 1 Commercial Unit, with a total rental income of circa. £108,600 per annum. c. Gross 8% rental yield based off the starting bids price. In total there are 21 bedrooms and 1 commercial unit.

The commercial portion of this property is VAT registered, this will therefore be payable on top of the agreed price. For example, if the price was agreed at £150,000 for the commercial unit VAT of £30,000 would be payable.

Located on the exclusive Lisburn Road, adjacent to City hospital, close to a host of shops, cafes, restaurants and only a short walk to the City Centre as well as some of NI€TM best schools. Perfectly situated to benefit from all that South Belfast and the City Centre has to offer!

These properties have been well maintained throughout and benefit from being fully tenanted. The properties further benefit from gas fired central heating & uPVC double glazed windows.

Features

Substantial Property on the Lisburn Road
Four 4-Bedroom Houses, Five 1-Bedorom Apartments & 1 Commercial Unit
21 Bedrooms In Total
Gas Fired Central Heating
An Annual Income Of £108, 600 per annum
Prime Location, Close To Queen's University, Belfast City Centre, Lisburn & Malone Roads
Accommodation

No. 26

Ground Floor

Lounge 3.5m x 3.3m

Dining Room 3.4m x 2.9m

Kitchen 3.6m x 2.0m

First Floor

Bathroom 2.2m x 2.1m

Bedroom 1 2.9m x 2.6m

Bedroom 2 4.5m x 2.4m

Shower Room 2.5m x 1.0m

Second Floor

Bedroom 3 3.1m x 2.6m

Bedroom 4 4.5m x 3.4m

No. 28

Ground Floor

Lounge 3.5m x 3.3m

Dining Room 3.4m x 2.9m

Kitchen 3.6m x 2.0m

First Floor

Bathroom 2.2m x 2.1m

Bedroom 1 2.9m x 2.6m

Shower Room 2.5m x 1.0m

Bedroom 2 4.5m x 2.4m

Second Floor

Bedroom 3 3.1m x 2.6m

Bedroom 4 4.5m x 3.4m

No. 30

Ground Floor

Lounge 3.5m x 3.2m

Dining Room 3.4m x 2.9m

Kitchen 3.5m x 2.1m

First Floor

Bathroom 2.1m x 2.1m

Bedroom 1 2.9m x 2.6m

Bedroom 2

Bathroom 2.6m x 1.1m

Second Floor

Bedroom 3 3.1m x 2.6m

Bedroom 4 4.5m x 3.3m

No. 32

Ground Floor

Lounge 3.5m x 3.2m

Dining Room 3.4m x 2.9m

Kitchen 3.5m x 2.1m

First Floor

Bathroom 2.1m x 2.1m

Bedroom 1

Bedroom 2

Bathroom 2.6m x 1.0m

Second Floor

Bedroom 3

Bedroom 4

No.34

Apartment 1

Living/bedroom 6.7m x 3.2m

Kitchen 2.4m x 1.7m

Bathroom 2.4m x 2.4m

Apartment 2

Lounge 4.5m x 3.5m

Bedroom 2.9m x 2.6m

Bathroom 2.4m x 1.5m

Apartment 3

Apartment 4

Lounge 4.5m x 3.5m

Bedroom 3.0m x 2.6m

Bathroom 2.0m x 1.7m

Apartment 5

Tenure: freehold
Annual Rates: c. £16,367

TO VIEW OR MAKE A BID Contact CPS Property or iamsold, www.iamsoldni.com
Auctioneers Comments:
This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts.

The buyer is also required to make a payment of a non-refundable, part payment 10% Contract Deposit to a minimum of £6,000.00.

In addition to their Contract Deposit, the Buyer must pay an Administration Fee to the Auctioneer of 1.80% of the final agreed sale price including VAT, subject to a minimum of £2,400.00 including VAT for conducting the auction.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

Terms and conditions apply to the traditional auction method and you are required to check the Buyer Information Pack for any special terms and conditions associated with this lot.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

VAT is payable by the Buyer upon completion to their solicitor. This is to be paid in addition to the Sale Price.

Note:
These particulars, whilst believed to be accurate, are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction auction and bids made prior the auction may be accepted by the vendors. iamsold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.

This property was last updated: 4 days ago


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To: Debbie McNaught in iamsold
Subject: Terraced House in C. 8% Yield, 26-36 Lisburn Road, Belfast City Centr...
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Selling Agent

iamsold
16 Liosbaun Business Park Tuam Road, Galway.

Contact Name: Debbie McNaught

PSR Licence Number: 002978

Show Number
This Terraced House located at C. 8% Yield, 26-36 Lisburn Road, Belfast City Centre, Belfast, Co. Antrim, BT9 6AA is currently for sale. This property was last updated by iamsold 4 days ago. C. 8% Yield, 26-36 Lisburn Road, Belfast City Centre, Belfast, Co. Antrim, BT9 6AA is priced as: AMV £1,300,000 (€1,483,510) (Auction) and has 21 Bedrooms, 8 Bathrooms. View all properties for sale in Co. Antrim, BT9 6AA. View properties for sale with 21 bedrooms in Co. Antrim, BT9 6AA.
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c. 8% Yield, 26-36 Lisburn Road, Belfast City Centre, Co. Antrim