117 University Street Ormeau Road , Belfast , Co. Antrim , BT7 1HP

Apartment
POA
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Status: For sale Apartment

Key Information

Style Apartment
Status For sale
Price POA
Heating Gas

Features

  • Exclusive Development of 9 purpose built self contained Apartments
  • 8 no.three Bedroom Apartments and 1 no. two Bedroom Apartment
  • Popular University Area Location for Prospective Tenants
  • Gross Annual Rental Income of £91,000 (2020/2021).
  • Passenger Lift Access to all floors.
  • Gas Heating, double glazing.

Description

117 University Street, Belfast is an excellent investment opportunity to acquire a modern block of 9 recently built self contained Apartments
Situated just off the popular University Road in South Belfast this development boasts 8, 3 Bedroom Units and 1, 2 Bed Unit which are without doubt some of the most popular properties available for Professionals and Students in the area.
Typically each apartment comprises of Three Spacious Double Bedrooms, Two Modern Shower Rooms, an Open Plan Kitchen and Dining Area and Spacious Entrance/ Hallway. Bedrooms Carpeted - All other Areas Tiled.

Integrated Appliances in all Units including Undercounter Fridge, Dishwasher, and Washer Dryer.

- Gas Heating (Underfloor) and Double Glazing Throughout.
- Lift Access to All Floors.
- Bin Store Located to Rear of Development.
- CCTV
- Intercom Entry System


Apartment 1 - 3 Bedroom Ground Floor
- £900.00 pcm
Leased 1/09/2020 to 31/08/2021

Apartment 2 - 2 Bedroom Ground Floor
- £600.00 pcm
Leased 1/08/2020 to 31/07/2021

Apartment 3 - 3 Bedroom First Floor
- £870.00 pcm
Leased 1/09/2020 to 31/08/2021

Apartment 4 - 3 Bedroom First Floor
- £900.00 pcm
Leased 1/08/2020 - 31/07/2021

Apartment 5 - 3 Bedroom Second Floor
- £870.00 pcm
Leased 1/10/2020 to 30/09/2021

Apartment 6 - 3 Bedroom Second Floor
- £870.00 pcm
Leased 1/09/20 to 31/08/2021

Apartment 7 - 3 Bedroom Second Floor
- £870.00 pcm
Leased 1/09/2020 to 31/08/2021

Apartment 8 - 3 Bedroom Third Floor
- £900.00 pcm
Leased 1/08/2020 to 31/07/2021

Apartment 9 - 3 Bedroom Third Floor
- £900.00 pcm
Leased 1/10/2020 to 30/09/2021

Annual Rental Income £91,000
Rates payable £7,715 per annum
Gross annual profit of £75,000.

University Street

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