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• Industrial Complexextending toapproximately 30,999 sqft (2,880 sq m) in total
• Overall site extending toapproximately 7.5 acres(3.04 hectares) in total
• Total current gross rent£74,326 per annum(1)(2)
LocationThe property is situated in Dunmurry on the outskirts of Belfast, close to Lisburn. The subject site is located approximately 6.5 milesto Belfast and approximately 5.9 miles to Lisburn City Centre. The surrounding area is a mix of warehousing, commercial use andresidential properties. Dunmurry is an ideal commuting location to Belfast. Located within Springbank Industrial Estate, the Subjectproperty is accessed via the Pembroke Loop Road and is in close proximity to the Stewartstown and Blacks Roads. The Estate is inclose proximity to the M1 Motorway and other transport links.
DescriptionThe property comprises a former factory unit extending to approximately 30,999 sq ft (2,880 sq m) arranged over ground and firstfloors. Internally the property has been sub-divided into eleven industrial and eleven office units. There are also two potentialdevelopment sites (subject to the necessary planning consents) adjacent to the premises. Site 1 extends to approximately 1.2 acres(0.49 hectares) and Site 2 extends to approximately 2.75 acres (1.11 hectares). The entire complex occupies a site of approximately7.5 acres in total.
TenureLeasehold. The property is held on a 999 year lease from 29th July 1996 at a ground rent of £1 per annum.
PlanningThe property comprises of two potential development sites (subject to the necessary planning consents) extending toapproximately 1.2 acres (0.49 hectares) and approximately 2.75 acres (1.11 hectares). Prospective purchasers are advised to maketheir own enquiries in relation to this matter.
AccommodationSite Area (approx.): 7.5 Acres (3.04 Hectares)
Energy Performance CertificateC70
LOT
20
Please ensure that you are aware of the general and special conditions and any relevant addendum. The successful buyer on all Lots will be required to pay the Auctioneers an administration fee.
Seller's SolicitorArthur Cox (Nicola McConnell)028 9023 [email protected]
Maximum ReserveReserve Range £320,000 - £340,000DunmurryEuropa Business Park, Springbank Ind. Estate, BT17 0QL
• Sub-divided into elevenindustrial and elevenoffice units
• Together with twopotential developmentsites
LOT
20
Please ensure that you are aware of the general and special conditions and any relevant addendum. The successful buyer on all Lots will be required to pay the Auctioneers an administration fee.
Europa Business Park, Springbank Ind. Estate BT17 0QL
Tenancy & AccommodationAddress Tenant Sq Ft Sq M Lease Terms Current Rent
Unit 1 Individual 682 63.4 Lease expiry 10.08.2014 (holding over) £1,800
Unit 2 & Gym Area 1 & 2 Individuals 5,662 526 Lease expiry 01.10.2018 £14,400
Unit 3 Individual 1,264 117.4 Lease expiry 25.02.2023 £3,350
Unit 4 Individual 350 32.5 Lease expiry 05.09.2017 £927
Unit 5 Caman Equipment Ltd 6,734 625.6 Lease expiry 31.12.2013 (holding over) £7,800
Unit 6 Individual 1,581 146.9 Lease expiry 31.05.2014 (holding over) £4,110
Units 7, 8 & 9 Budget Applicances 9,795 910 Lease expiry 31.01.2024 £26,000
Unit 10 Imhotep Diagnostics Ltd 1,948 181 Lease expiry 30.06.2017 £3,594
Office 1 & 2 Individual 710 66 Month to Month £4,800
Office 3 Individual 337 31.3 Lease expiry 20.10.2016 £893
Office 4 James McPeake Recording Studio 266 24.7 Lease expiry 31.07.2013 (holding over) £720
Office 5 Individual 263 24.4 Lease expiry 31.01.2016 £776
Office 6 Individual 196 18.2 Lease expiry 31.01.2016 £617
Office 7 Individual 284 26.4 Lease expiry 31.01.2016 £894
Office 8 Individual 274 25.5 Lease expiry 18.01.2015 (holding over) £525
Office 9 - 398 37 - -
Office 10 - 255 23.7 - -
Hardstand Individual - - Lease expiry 31.05.2013 £3,120
TOTAL 30,999 2,880 £74,326 (1) (2)(1) The current running costs include security, cleaning, electricity and insurance.(2) All rents noted in the Tenancy Schedule are gross.
DunmurryMaximum ReserveReserve Range £320,000 - £340,000