Prominent Commercial Premises
Rent £85,000 Per Annum
The subject property occupies a highly prominent corner position at the junction of University Road and Upper Crescent in the Queens University area, approximately 1.0 mile from Belfast City Centre. The property benefits from a high volume of pedestrian footfall and passing traffic, as University Road forms part of a main arterial route connecting south Belfast to the City Centre.
The surrounding locality provides an excellent mix of residential and commercial occupiers including Kainos, Villa Italia, Tesco Express, 3Levels and The Crescent Arts Centre.
The subject premises, extending over ground and part first floor, comprises part of a modern office building, constructed in c. 2000 behind a retained period façade.
The ground floor, previously used as a banking hall is mainly open plan with ancillary office accommodation and benefits from a generous floor-to-ceiling height, whilst the first floor provides additional offices, staff kitchen, comms room, WC and shower facilities.
Finishes include plastered/painted walls, suspended ceilings with recessed lighting, tiled and carpeted floors whilst it is heated by perimeter radiators and ceiling mounted air-conditioning.
The premises also benefits from secure parking to the rear.
The premises provides the following approximate areas:
Ground Floor: 3,900 sqft (362.32 sqm)
First Floor: 1,325 sqft (123.12 sqm)
Total: 5,225 sqft (485.44 sqm)
- Term: Held under a lease expiring on 24th May 2026.
- Rent: £85,000 per annum exclusive.
- Repairs: Full repairing terms via a service charge.
- Service Charge: Levied to cover external repairs, maintenance of the common parts and management of the building.
- Insurance: Tenant to reimburse the Landlord in respect of a fair proportion of the buildings insurance premium.
We are advised by Land & Property Services that the NAV is £58,500 resulting in Rates payable for the year 2021/22 of approximately £31,774.
Please note all prices, rentals and outgoings are quoted net of VAT which may be chargeable.