RESIDENTIAL investment & development OPPORTUNITY
15 apartments and development land at cafe lane/john street, ballymoney, bt53 6ef
Property Summary 15 apartments within a modern block of 20 comprising 11 no. 1 beds and 4 no. 2 beds •
A site of c. 0.1 acres with previous Planning Permission for 14 no. apartments also included
•
Situated at the junction of Cafe Lane and John Street close to Ballymoney Town Centre and local amenities
•
Current income of £55,020 p.a. with potential to increase to £65,760 p.a. upon letting the vacant units and re-letting at market rent •
•
Opportunity for ‘break up’ as individual unit sales
•
Offers invited in excess of £650,000
site plan
Location Ballymoney is a small Town in County Antrim located on the main road between Coleraine and Ballymena, with good road and rail connections to the main cities in Northern Ireland, Belfast and Londonderry. Ballymoney is located 48 miles North of Belfast and 7 miles South East of Coleraine. The scheme is located at the junction of Café Lane and John Street close to Ballymoney Town Centre and The Robinson Hospital, Tesco Super Market, The Northern Regional College and Ballymoney Train Station all within a short walk.
deSCRIPTION Apartments We are offering for sale 15 apartments comprising 11No. 1-beds and 4No. 2-Beds in a modern block which contains 20 apartments in total. The site incorporates off street car parking The block is arranged over 3 floors and the apartments are well finished to include the following specification; • Plastered/painted walls and ceilings • Carpets • Modern Fitted kitchens and bathroom suites • Gas Central Heating, Upvc double glazing The common areas benefit from plastered and painted walls and ceilings, lighting and carpeted stairs. 11 of the apartments are 1 bed and the remaining 4 are 2 beds the apartments are currently let and producing an annual gross income of £55,020. Upon letting the vacant units and re-letting at market rent the investment could produce an annual gross income of £65,760 A tenancy schedule is included within this brochure.
15 APARTMENTS AND DEVELOPMENT LAND AT CAFE LANE/JOHN STREET, BALLYMONEY, BT53 6EF
Site
Further information
The remaining lands extending to c. 0.1 acres are also included in the sale.
For further information or to arrange an inspection of the property, please contact:
The site had previous Full Planning Permission for 14 no. apartments under planning ref D/2006/0533/F.
Contact:
Andrew Lennon
Contact: Mark Riddell
Tel:
028 90 241 500
residential market
Email:
[email protected]
Figures emerging from Ulster University’s quarterly house price report for Q4, 2015 provide further confirmation that Northern Ireland’s housing market has made substantial progress on the road to recovery. The overall average price of homes sold in Q4, 2015 was £154,685, the highest it has been since Q2, 2010. This reflects an annual (weighted) increase of 9% and a quarterly (weighted) increase of 4.7%.
Or Simon Brien Residential
Tel:
028 90 241 500
Email:
[email protected]
Contact: Anton Dummigan Contact: Simon Brien Tel:
028 90 668 888
Tel:
028 90 668 888
Email:
[email protected]
Email:
[email protected]
LOCATION MAP
This is the highest annual rate of increase recorded since the market slumped in 2007/08.
epc’s Available on request, the EPC ratings are included in the Tenancy Schedule
PRICE Offers are invited in excess of £650,000 exclusive.
Title Title and contract are available for inspection by appointment only via; A&L Goodbody, 6th floor, 42-46 Fountain Street, Belfast, BT1 5EF Contact:
Anne Donnelly
Tel:
028 90 314 466
Email:
[email protected]
Joint Agent
Colliers International and Simon Brien Residential gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International or Simon Brien Residential has any authority to make any representation or warranty whatsoever in relation to this property. Colliers International is the licensed trading name of Colliers Belfast Limited. Company Registered in Northern Ireland No. NI 614836 Registered Office: 25 Talbot Street, Belfast, BT1 2LD. Simon Brien Residential is the trading name of Simon Brien LLP Registered in Northern Ireland No. NC001115.
15 APARTMENTS AND DEVELOPMENT LAND AT CAFE LANE/JOHN STREET, BALLYMONEY, BT53 6EF
tenancy schedule property
Floor
Type
area (sq ft)
asking price
TENANCY
EPC
RENT (Per month)
eRV
RATES 2016
Apt 3, 2 John Street
1st
1 Bed
534
£60,000
June 2016
C79
£335
£400
£456.60
Apt 4, 2 John Street
2nd
1 Bed
509
£57,500
Overholding
C79
£325
£400
£437.58
Apt 5, 2 John Street
1st
1 Bed
440
£50,000
May 2016
C79
£335
£335
£380.50
Apt 6, 2 John Street
2nd
1 Bed
414
£47,500
August 2016
C78
£335
£335
£361.48
Apt 7, 2 John Street
1st
1 Bed
423
£47,500
Overholding
C79
£335
£335
£361.48
Apt 8, 2 John Street
2nd
1 Bed
408
£70,000
Overholding
C77
£335
£335
£532.70
Apt 10, 2 John Street
2nd
2 Bed
570
£62,500
October 2016
C77
£400
£400
£475.63
Apt 11, 2 John Street
Ground
2 Bed
570
£62,500
Overholding
C75
£400
£400
£475.63
Apt 12, 4 Cafe Lane
1st
2 Bed
590
£62,500
Vacant
B81
N/A
£400
£475.63
Apt 14, 4 Cafe Lane
1st
2 Bed
446
£50,000
Overholding
C78
£380
£400
£380.50
Apt 16, 4 Cafe Lane
2nd
1 Bed
446
£50,000
July 2016
C76
£400
£400
£380.50
Apt 17, 4 Cafe Lane
1st
1 Bed
393
£45,000
Nov 2016
C77
£335
£335
£342.45
Apt 18, 4 Cafe Lane
2nd
1 Bed
408
£47,500
Sept 2016
C75
£335
£335
£361.48
Apt 19, 4 Cafe Lane
1st
1 Bed
377
£45,000
Vacant
C76
N/A
£335
£342.45
Apt 20, 4 Cafe Lane
2nd
1 Bed
390
£45,000
Overholding
C75
£335
£335
£342.45
£4,635
£5,480
tOTAL
PER MONTH
15 apartments and development land at cafe lane/john street, ballymoney
TYPICAL KITCHEN
TYPICAL LIVING ROOM
TYPICAL bedroom
remaining site
15 APARTMENTS AND DEVELOPMENT LAND AT CAFE LANE/JOHN STREET, BALLYMONEY, BT53 6EF
