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Camden Street, Belfast BT9

£525,000

Friday 12th April, 2019

Belfast

Contact name: Kingston Berkeley

Contact number: 028 9453 0964

 

Key Information

Ad Type: For Sale

Floors: 3

Bedrooms: 0

 

Description

Camden Street has just been fully redeveloped, whilst the original façade is present to the property front, a new three-story extension has been built to the rear. The building comprises of 5 x self-contained apartments, presented as 3 x 2 bedroom and 2 x 1 bedroom units. This will be an ideal Buy-To-Let investment opportunity for investors seeking to add or start a portfolio. A tenant has been secured for the full building and this will therefore ensure minimal setup costs to the new purchaser with income generating from day one. This complex has been “Let” to one party at a rate of £38,000 per annum, this reflects a gross yield of 7.24%. The current lease is from 1st January 2018 to 28th August 2020, the apartments have been let on an unfurnished basis with only the kitchen appliances provided by the current owner. Internally the building has been finished to a high level of specification, this includes tiled flooring to communal areas, wooden flooring to bedrooms. Contemporary kitchen and bathroom suites. The property has been fitted with new PVCu double glazed windows and doors throughout, fully plastered, rewired and is completed to hmo standards. Situated on the foot of the Lisburn Road, the building enjoys ease of access to Belfast city centre as well as the Lisburn Road. A popular area with young professionals and students alike, due to the proximity to the Hospitals, mbc & Queens University. Accommodation Ground Floor Apartment 1: Entrance Hall, Bathroom, Kitchen/Lounge, Bedroom 1, Bedroom 2 First Floor Apartment 2: Entrance Hall, Bathroom, Kitchen/Lounge, Bedroom 1, Bedroom 2 Apartment 3: Entrance Hall, Bathroom, Kitchen/Lounge, Bedroom 1 Second Floor Apartment 4: Entrance Hall, Bathroom, Kitchen/Lounge, Bedroom 1, Bedroom 2 Apartment 5: Entrance Hall, Bathroom, Kitchen/Lounge, Bedroom 1 This opportunity may benefit from multi dwelling relief for stamp duty: Viewing: Viewing is strictly by appointment with marketing agents, please contact agents for viewing arrangements. Kingston Berkeley have endeavoured to prepare these particulars as accurately and reliably as possible for general guidance only and do not constitute any part of an offer or contract. We would recommend that all information contained in this brochure is verified by yourself or your professional advisors. All measurements contained within this brochure are approximate.

 

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Ad Ref: 145572019041228

 

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