28669sq ft
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1–5 Mallusk View, Newtownabbey, BT36 4FR
For
Sale
Office and Warehouse Investment
c. 28,669 sq ft on a site of 1.2 Acres
Producing £109,750 per annum
Eaves heights from c. 22ft-26ft
The subject property is situated just off the Belfast Road in Central Park which is one of Northern Irelands’ premier logistics / distribution hubs, located c. 8 miles from Belfast.
The subject comprises warehouse and office accommodation within a self contained site. The building is of steel portal frame construction, with a part blockwork and part metal clad exterior, a pitched metal roof and PVC double glazed windows.
The warehouse element has screed concrete floors, electric roller shutter doors and eaves heights from c. 22ft—26ft.
The office accommodation is laid out over two levels and has been well finished, with painted and plastered walls, carpeted floors and suspended ceilings with recessed strip lighting. Each office also benefits from a self contained kitchen and WC facilities.
The site is fenced and gated with a generous concreted marshalling area.
The building has been divided into 5 units and is currently fully let under two leases.
| Unit 1 | C. 474 sq m (C. 5,100 sq ft) |
| Unit 2 | C. 494 sq m (C. 5,316 sq ft) |
| Unit 3 | C. 480 sq m (C. 5,172 sq ft) |
| Unit 4 | C. 485 sq m (C. 5,222 sq ft) |
| Unit 5 | C. 730 sq m (C. 7,859 sq ft) |
| TOTAL | C. 2,663 sq m (C. 28,669 sq ft) |
Producing in income of £109,750 pa - see attached brochure for further details.
| Price | Offers in the region of £1,600,000— an acquisition at this level reflects a net initial yield of 6.49% and a capital value of £53.32 (after purchasers costs of c. 5.75%) |
| Title | We are advised the property is held under a long leasehold title of 245 years from December 1998 subject to a ground rental of £0.05 pa if demanded |
| Service Charge | Payable by the tenants to cover the costs of the general running of the estate—currently estimated at £22,042 pax |
Site & Proposed Development
Total Site Area—1.2 Acres / 0.486 Hectares
NAV / Capital Value
Unit 1–4: NAV £66,500 (Estimated Rates: £34,844.74)
Unit 5: NAV £26,700 (Estimated Rates: £13,990.29)
Please note that all perspective purchasers should make their own enquiries to confirm the NAV / rates payable.
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT
1–5 Mallusk View, Newtownabbey, BT36 4FR
Mallusk is a long established and favoured location for manufacturing and distribution companies due to us unparalleled access to the Province’s motorway network and proximity to Larne and Belfast Harbours and the International Airport.
Accommodation Details
| Unit 1 | C. 474 sq m (C. 5,100 sq ft) |
| Unit 2 | C. 494 sq m (C. 5,316 sq ft) |
| Unit 3 | C. 480 sq m (C. 5,172 sq ft) |
| Unit 4 | C. 485 sq m (C. 5,222 sq ft) |
| Unit 5 | C. 730 sq m (C. 7,859 sq ft) |
| TOTAL | C. 2,663 sq m (C. 28,669 sq ft) |
Lease Details
Producing in income of £109,750 pa - see attached brochure for further details.
Sales Details
| Price | Offers in the region of £1,600,000— an acquisition at this level reflects a net initial yield of 6.49% and a capital value of £53.32 (after purchasers costs of c. 5.75%) |
| Title | We are advised the property is held under a long leasehold title of 245 years from December 1998 subject to a ground rental of £0.05 pa if demanded |
| Service Charge | Payable by the tenants to cover the costs of the general running of the estate—currently estimated at £22,042 pax |
Site & Proposed Development
Total Site Area—1.2 Acres / 0.486 Hectares
NAV / Capital Value
Unit 1–4: NAV £66,500 (Estimated Rates: £34,844.74)
Unit 5: NAV £26,700 (Estimated Rates: £13,990.29)
Please note that all perspective purchasers should make their own enquiries to confirm the NAV / rates payable.
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT
1–5 Mallusk View, Newtownabbey, BT36 4FR
Mallusk is a long established and favoured location for manufacturing and distribution companies due to us unparalleled access to the Province’s motorway network and proximity to Larne and Belfast Harbours and the International Airport.
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