FEATURES
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Highly attractive investment proposition with a well-established income stream
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The propery is for sale with a 9 year fixed lease with a established local company. The rental income is £102,000 per annum.
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18 Bedroom (16 En-suite) Guesthouse Accommodation
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Luxury 4-star bed and breakfast accommodation extensively renovated in 2014
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Extends to approximately 8,250 sq ft
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Set on a plot of approximately 0.3 acres
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Private car parking
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Lease included within the sale.
LOCATION
Belfast is the largest city in Northern Ireland and the second largest in Ireland, with a population in the Belfast Metropolitan Area of 739,000 people. The city is located approximately 165 km (103 miles) north of Dublin and 120 km (75 miles) south east of Derry-Londonderry. The Gregory is located in South Belfast on Eglantine Avenue, just off the sought-after Lisburn Road. Lisburn Road is the main arterial route linking Belfast and Lisburn, and features an array of boutique shops, restaurants, bars and coffee houses. The property is a short 8-minute drive from Belfast City Centre and is within easy walking distance of a number of amenities as well as Botanic Gardens and Ormeau Park.
DESCRIPTION
The Gregory is a boutique Victorian property successfully ran as guesthouse accommodation since 2014 under new management since 2021 by the ever expanding Warren Group. The luxury 4-star bed and breakfast accommodation offers 18 spacious, elegant en-suite bedrooms over 3 floors. The property extends to approximately 8,250 sq. ft and is set on a plot of approximately 0.3 acres. The property also benefits from 10 private car parking spaces for guests, and beautifully landscaped gardens. This offers a unique opportunity to purchase or lease a highly attractive business proposition with a well-established income stream.
RATEABLE VALUE
We are advised by the land and property services website that the NAV for 30-32 Eglantine Avenue is £12,400.
The rate in the £ for 2021-2022 in Belfast is 0.543147.
Based on the above information the rates payable are £6,735.
Rates are currently covered by the tenant in the fixed term lease.
FINANCIAL GUARANTEE
All offers (regardless of the country of residence of the offering party) must be accompanied by a guarantee or suitable form of reference from a bank, which gives the sellers satisfaction that the purchaser has access to the funds required to complete the purchase at the offered price.
TITLE
We understand that the property is held freehold.
FIXTURES AND FITTINGS
A list of fixtures and fittings is available by request / the property is being sold as seen.
ACCOUNTS AND TUPE
The property is being sold with the benefit of a long term lease.
ACCOMODATION
Office 3.41 x 3.13
Lounge: 6.97 x 4.84
Dining Room One 6.66 x 4.41
Dining Room Two: 5.58 x 4.41
Laundry Room: 4.58 x 3.46
Kitchen: 4.35 x 3.28
(1) Hannah's Suite: 5.97 x 4.46
Ensuite: 5.97 x 4.46
(2) Michelle's Suite: 4.89 x 3.61
Ensuite: 3.08 x 4.89
(3) Bedroom One: 4.21 x 3.23
Bed One Ensuite: 3.12 x 2.51
(5) Bedroom Two: 4.39 x 3.43
Bed Two Ensuite: 2.29 x 1.45
(6) Bedroom Three: 5.92 4.38
Bed Three Ensuite: 2.28 x 1.45
(7) Bedroom Four: 4.97 x 3.76
Bed Four Ensuite: 4.97 x 3.76
(8) Bedroom Seven: 5.25 x 3.59
Bed Seven Ensuite: 2.51 x 2.08
(9) Bedroom Eight: 6.13 x 4.40
Bed Eight Ensuite: 2.33 x 2.27
(10) Bedroom Nine: 4.82x 3.91
Bed Nine Ensuite: 1.83 x 1.67
(11) Bedroom Ten: 4.23 x 3.28
Bed Ten Ensuite: 2.06 1.63
(12) Bedroom Eleven: 7.16 x 4.80
Bed Eleven Ensuite: 2.07 x 1.65
(13) Bedroom Twelve: 6.79 x 441
Bed Twelve Ensuite: 2.13 x 1.93
(14) Bedroom Thirteen: 3.08 x 2.67
(15) Bedroom Fourteen: 6.38 x 3.12
Bed Fourteen Ensuite: 2.02 x 1.62
(16) Bedroom Fifteen: 4.71 x 3.47
Bed Fifteen Ensuite: 2.75 x 1.34
(17) Bedroom Sixteen: 3.51 x 3.28
Bed Sixteen Ensuite: 2.33 x 1.70
(18) Bedroom Eighteen:3.64 x 2.25
Bed Eighteen Ensuite: 2.30 x 1.8
*Viewing by appointment only after presentation of proof of funding*
