For Sale Investment (With vacant possession to part)
Units D1-D6 Ferguson Drive, Knockmore Hill Industrial Park, Lisburn, BT28 2EX
• Excellent opportunity to acquire an income producing investment property in Lisburn with part vacant possession • Located with one of Northern Ireland’s premier industrial parks with adjoining occupiers including Camlin Group, Assa Abloy, Decora Blinds and Unicorn Containers. • Part let to Capitol Foods Ltd and Marturion Business Services Ltd. • Currently producing £43,000 per annum overall on 2 separate leases. • Of interest to owner occupiers & investors. • Available in 1 or 2 lots.
028-9031 6121
Rose Building 3rd Floor, 16 Howard Street, Belfast, BT1 6PA
gvani.co.uk
Location
The property is located on the popular and well established Knockmore Hill Industrial Estate, accessed from the eastern side of Knockmore Road, some 1.5 miles from Lisburn City Centre. The Knockmore Hill Industrial Estate is regarded as one of Northern Ireland’s premier industrial locations and is home to a range of occupiers including Assa Abloy, Decora Blinds, Global Lubricants, Boomer Industries, Unicorn, Camlin Group and Kukri. The development is within easy access of the M1 motorway at Junction 6, the A1 road to Newry / Dublin, Belfast International and George Best Airports and the Ports of Belfast and Larne.
Description The subject property comprises 6no. adjoining industrial / warehouse units that have been fitted out by the individual tenants to suit their business requirements. The units originally comprised single storey business units with a ground floor area of 3,000 sq ft per unit each with its own entrance door and loading door. The individual units are now fitted out as follows:Lot 1 Units D1, D2, Ground Floor D3 & Part D4 (Rear)-Vacant Fitted out as a print and production facility and incorporates ground floor offices, print room/production space, kitchen/staff room area and w.c.’s together with large full height production/warehouse space with loading door access. Unit D3 First Floor and Part D4 (Front) – Capitol Foods Ltd This unit comprises fully fitted offices at first floor level within Unit D3, together with full height ground floor warehouse space with loading door access within Unit D4. The first floor office space is fully fitted to include airconditioning, suspended ceilings, fluorescent lighting and carpeting throughout and includes for kitchen and w.c. facilities. Lot 2 Unit D5 and D6 – Maturion Business Ltd A fully self-contained facility comprising two adjoining units that have been fitted out by the tenant to include a mix of offices and production / workshop space and incorporating mezzanine floors to each unit. The interior has been fitted out to a good standard to incorporate painted/plastered walls, fluorescent lighting, central heating and carpeted floors to the office space with an impressive double height space to the front section of Unit D6, in particular together with w.c.’s, staffroom facilities and boardroom. For rental assessment purposes the units would be assessed as two 3,000 sq ft ‘shell’ units.
Accommodation Lot 1- Units D1 - D3 and Part D4 Vacant Possession Sq M Sq Ft Units D1–D3 - Offices, Warehouse/Production Part Ground Floor D4 (Rear) Warehouse Sub-Total GIA
831.44
8,950
166.10
1,788
997.54
10,738
First Floor Unit D3 and Part D4 – Capitol Foods Ltd Sq M Sq Ft First Floor D3 - Offices Part Ground Floor D4 (Front) Warehouse Sub-Total GIA TOTAL GIA
273,68 106.73
2,946 1,149
347.29 1,344.83
3,738 14,476
Lot 2- Units D5 – D6 – Marturion Business Services Ltd Sq M Sq Ft Unit D5 Ground Floor *First Floor Total GIA
Unit D6 Ground Floor *First Floor *Second Floor Total GIA Total GIA *Floor areas are tenant’s improvements excluded from rental assessment purposes
273.28 208.44 481.72
2,942 2,244 5,186
268.65 178.74 181.73 629.12 1,110.84
2,892 1,924 1,956 6,772 11,958
Tenancy Schedule Address
Tenant
Units D1 – D4 (including part D3 and part D4) Units D3 (first floor) and part D4 Lot 2 Units D5 – D6
Vacant
Lot 1
Lease Details
Rent (pax) N/A
Capitol Foods Ltd
4 years from 1.4.14 on IRR terms
*£19,000 + VAT
Marturion Business Services Ltd
5 years from 1.10.14 on IRR terms
£24,000 + VAT
*Rent is inclusive of rates.
All units were originally designed with 6.6m eaves, 3phase power supplies, mains gas/water and 6 car spaces per unit. GVA NI Ltd is a subsidiary company of GVA Donal O’Buachalla and a member of GVA Worldwide for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) The particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person in the employment of GVA NI Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) All rentals and prices are quoted exclusive of VAT Reproduced by courtesy of Land Y Property Services/OSNI HMSO Crown Copyright reserved. Licence No 2281. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
Tenant Details
EPC’s
Capitol Foods Ltd Capitol Foods supplies beverages including coffee and tea together with equipment and after sales marketing, distribution and technical services – www.capitolfoods.com. Marturion Business Services Ltd Marturion is an independent company of over 30 people involved in the design of the latest circuit technology and associated embedded software together with prototyping, testing and small scale production. Marturion is an Invest NI supported company – www.marturion.co.uk. Credit reports are available upon request.
Title We understand the property is held long leasehold for a term of 950 years from October 2006, subject to a nominal ground rent.
NAV From information obtained from the LPS website, we understand the property has the following assessment:Lot 1 Units D1 – D4 Description – Offices/Workshop
- £40,400
Lot 2 Units D5 – D6 Description – Offices/Workshop
- £28,800
Rates in the £ for Lisburn & Castlereagh for 2016/17 is £0.533216.
Price We are instructed to offer the property as one or two lots as follows:Lot 1 Units D1-D4 (Vacant / Capitol Foods Ltd) Offers in the region of £550,000.
Further Information For further information or to view please contact:-
Jago Bret +44-28-9031 6123 or
[email protected] Lot 2 Units D5 & D6 (Marturion Business Services Ltd) – Agreed.
VAT All prices and rentals quoted are exclusive of, and may be subject to, VAT. 16 Howard Street, Belfast, BT1 6PA, Northern Ireland. Tel: +44-28-9031 6121 Fax: +44-28-9031 6120 Email:
[email protected] Web: www.gvani.co.uk
GVA NI Ltd is a subsidiary company of GVA Donal O’Buachalla and a member of GVA Worldwide for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) The particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person in the employment of GVA NI Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) All rentals and prices are quoted exclusive of VAT Reproduced by courtesy of Land Y Property Services/OSNI HMSO Crown Copyright reserved. Licence No 2281. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
Unit D5 – Mezzanine
Unit D3
Front Elevation D1 – D3
First Floor Offices – Unit D3
Unit D1
GVA NI Ltd is a subsidiary company of GVA Donal O’Buachalla and a member of GVA Worldwide for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) The particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person in the employment of GVA NI Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) All rentals and prices are quoted exclusive of VAT Reproduced by courtesy of Land Y Property Services/OSNI HMSO Crown Copyright reserved. Licence No 2281. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.