• Offers over £700,000
  • For sale

15 Apartments As One Lot, 18-26 Brookvale Avenue, Antrim Road, Belfast BT14 6BW

Offers over £700,000

Key Information

Address 15 Apartments As One Lot, 18-26 Brookvale Avenue, Antrim Road, Belfast
Style Investment Property
Status For sale
Price Offers over £700,000
EPC Rating B49/C65 (co2: A22/B38)

Summary

  • OFFERS INVITED OVER £700,000
  • 15 PURPOSE BUILT APARTMENTS WITH PERIOD TOWNHOUSE FACADES
  • TO BE SOLD AS GOING CONCERN
  • CURRENT GROSS RENTAL INCOME £82,500
  • 25 MINS WALK FROM NEW ULSTER UNIVERSITY CAMPUS & BELFAST CITY CENTRE
  • OVERLOOKING WATERWORKS PARK SWAN LAKE & CLOSE TO ALL AMENITIES
  • GREAT POTENTIAL AS RENTAL INVESTMENT IN AN UP & COMING LOCATION
  • OPPORTUNITY FOR DEVELOPERS TO REFURBISH & SELL OFF AS INDIVIDUAL UNITS

Additional Information

This impressive block of 15 self contained apartments was constructed circa. 25 years ago of solid concrete, behind the facades of a row of five period townhouses overlooking the Swan Lake of the picturesque Waterworks Park. The area is well populated with a good variety of amenities and regular bus services connecting with the city centre. At current rent levels, the present income for full occupancy is £82,500 pa. There is excellent potential to upgrade the properties and increase rental income, and prospective buyers should note the close proximity to the new Ulster University and city centre

The accommodation is comprised of:

5 x ONE BEDROOM APARTMENTS current rent £425 per month

Sitting room Kitchen Bedroom Bathroom Double glazed Economy 7 heating

5 x TWO BEDROOM APARTMENTS current rent £450 per month

Sitting room Kitchen 2 x Bedrooms Bathroom Double glazed Economy 7 heating

5 x THREE BEDROOM DUPLEX APARTMENTS current rent £500 per month

Sitting room Kitchen 3 Bedrooms (Potential to convert to 4 bedrooms subject to consent) Bathroom Double glazed Economy 7 heating

VIEWING BY APPOINTMENT WITH WATSON PROPERTY

Note: This information does not constitute the basis for any contract. All measurements are approximate and given for illustrative purposes only. Measurements taken are to the maximum points in each room ie. into any bays or alcoves. Watson Property do not test electrics, heating, plumbing or structure and interested parties are recommended to seek independent advice from qualified surveyors.