Retail To Let
Retail RETAIL To Let CONTACT US Prime Retail/ Restaurant Premises Strictly by prior appointment with Colliers International, through: Jonathan Millar or Glen Ferguson 028 9024 1500 [email protected] [email protected] Property Ref: RET511 44-48 Dublin Road, Belfast c. 4,740 sq ft Colliers International 32-38 Linenhall Street BELFAST BT2 8BG www.colliers.com/belfast 44-48 Dublin Road, Belfast LOCATION The subject property is located in a pivotal position on Dublin Road, approximately 500 meters South of Belfast City Hall, in close proximity to the BBC headquarters. Dublin Road is regarded as one of Belfast’s main entertainment and commercial locations with occupiers including Movie House Cinema, Ulster Bank, Tesco Express, The Square Restaurant, Auntie Annie’s Bar, The Thai Village Restaurant, William Hill Bookmakers, Under Ground Café & Pizzeria, Pronto Sandwiches, Archana Indian Cuisine, Four Seasons Chinese Restaurant and Subway Sandwiches etc. DESCRIPTION The subject property is a former Pizza Hut restaurant trading over ground and first floor. The premises benefit from a double height glazed frontage onto Dublin Road and is fully fitted / decorated as a family restaurant including carpeting, spotlighting, WC facilities and staff / kitchen facilities. ACCOMMODATION We estimate the main dimensions and Net Internal Areas to be as follows: Ground Floor Sales: c. 225.85sq m c. 2,431 sq ft First Floor: c. 214.6 Sq m c. 2,310 sq ft LEASE DETAILS Term: The premises are available on the basis of a new 15 year FRI lease, subject to upward only rent reviews on the 5th and 10th anniversaries of the lease. Rent: Offers in excess of £80,000 p.a.x. RATEABLE VALUE We are verbally informed by the Valuation & Lands Agency that the current NAV for the subject is £24,400. Rate in £10/11 – 0.536225. Estimated rates payable £ 13,083 per annum. Misrepresentation Act Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, or lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. Colliers International is the licensed trading name of Colliers International Belfast Limited. Company Registered in Northern Ireland No. NI 27116. Registered office: Norwich Union House, 7 Fountain Street, Belfast BT1 5EA. 44-48 Dublin Road, Belfast LEGAL COSTS Each party will be responsible for their own legal costs incurred in this transaction with the ingoing tenant being responsible for Stamp Duty, Land Tax, Registration Dues and VAT incurred thereon. VAT Prices outgoings and rentals are exclusive of but may be liable to Value Added Tax. Misrepresentation Act Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, or lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. Colliers International is the licensed trading name of Colliers International Belfast Limited. Company Registered in Northern Ireland No. NI 27116. Registered office: Norwich Union House, 7 Fountain Street, Belfast BT1 5EA. 44-48 Dublin Road, Belfast LOCATION PLAN Misrepresentation Act Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, or lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. Colliers International is the licensed trading name of Colliers International Belfast Limited. Company Registered in Northern Ireland No. NI 27116. Registered office: Norwich Union House, 7 Fountain Street, Belfast BT1 5EA.
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