Lot 8 - 45 Mountcollyer Avenue, Belfast, Antrim, BT15 3DQ

  • Unconditional Online Auction Sale
  • Guide Price* : £120,000
  • A mixed use three storey building on the corner of Mountcollyer Avenue and North Queen Street.
  • Mountcollyer Avenue side The Mount Chippy/ North Queen Street side a Three Bed Apartment over the First and Second floors
  • The apartment comprises of an Open Plan Kitchen and Dining Space, a separate Lounge, 3 Bedrooms and a Bathroom.
  • The apartment is currently let on a month to month basis and he annual rent is £5000.
  • The Takeaway is rented for £7,800 per annum generating a Total Yield for both of £12,800 each year.
  • The property will have an immediate appeal to Investors.

Description

The property is a mixed use three storey building on the corner of Mountcollyer Avenue and North Queen Street. Comprising on the Ground Floor/Mountcollyer Avenue side a Fish & Chip Takeaway (The Mount Chippy) and on North Queen Street the entrance to a Three Bed Apartment over the first and second floors. The apartment comprises of an open plan Kitchen and Dining space, a separate Lounge, 3 Bedrooms and a Bathroom. The apartment is currently let on a month to month basis and the annual rent is £5000. The Takeaway is rented for £7,800 per annum generating a Total Yield of £12,800 each year. Planning permission for conversion of the single apartment to two apartments was previously granted, but has lapsed. The premises are ideally located for quick and easy access to the new Campus of Ulster University and would therefore be very suitable as a Student Let, and the property will have an immediate appeal to Investors.


* No information, statement, description, quantity or measurement contained in any sales particulars, or given orally, or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out, issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor in respect of the property shall constitute a representation, or a condition or a warranty on behalf of BRG Gibson Auctions Ltd, or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally, or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BRG Gibson Auctions Ltd, or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor.

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