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Key Information

Address (5 Unit Apartment Complex), 7 Camden Street, Lisburn Road, Belfast Sou...Belfast
Style Apartments
Status Sale agreed
Price Guide price £500,000
Bedrooms 8
Bathrooms 5
Receptions 5
Heating Gas

Property Features

  • Newly redeveloped apartment complex
  • Comprises 3 x 2 Bed, 2 x 1 Bed units
  • Finished to a high level of specification throughout
  • Serviced with gas fired central heating
  • New PVCu double glazing fitted throughout
  • Tenant secured on 2.5 year lease @ £38,000 per annum
  • Agreed rent reflects a Gross Yield of 7.6%
  • Located in a prominent South Belfast location, close to amenities

Additional Information

7 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 7.6%. 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

 

Viewing: Viewing is strictly by appointment with marketing agents, please contact agents for viewing arrangements. Kingston Berkeley Tel: 0330 330 9439

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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