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The Lodge 123-127 New Lodge Rd 4,131 SF 100% Leased Retail Building Belfast BT15 2BX $392,559 ($95.03/SF) 15.59% Cap Rate
Investment Highlights
- Substantial two-storey licensed premises.
- Prominent corner site.
Executive Summary
Substantial two-storey licensed premises occupying a prominent corner site in the New Lodge. The subject is currently leased and internally it is laid out to provide a ground floor public bar with first floor lounge/games room.
Lease Details
The subject is currently leased, and we would outline the salient details as follows:
Term: 10 years from 01 August 2017
Passing Rental: £46,000 per annum exclusive with annual uplifts of £2,000
Lease Details
The subject is currently leased, and we would outline the salient details as follows:
Term: 10 years from 01 August 2017
Passing Rental: £46,000 per annum exclusive with annual uplifts of £2,000
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
4,131 SF
Year Built
1980
Price
$392,559
Price Per SF
$95.03
Cap Rate
15.59%
NOI
$61,213
Percent Leased
100%
Building Height
2 Stories
Frontage
105’ on New Lodge Road
Amenities
- Corner Lot
1 1
Nearby Major Retailers
1 of 2
Videos
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Photos
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Map
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The Lodge | 123-127 New Lodge Rd
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