2 - 6 Castlereagh Place, Belfast, BT5 5GT

Additional Information

• Recently constructed apartment block of 20 units - fully let
• Well managed and maintained externally and internally
• Located in areas of high rental demand close to the city centre
• Fully let producing a gross annual income of £216,060, gross monthly income £18,005 for year ending November 2025
• Based on a purchase price of £2.75m, the portfolio will produce a Gross Initial Yield of 7.38%, after purchasers acquisition costs of 6.03%
• Reversionary income - potential to grow rents

Property comprises 20 apartments within a modern, purpose built block (19 no. 2 bed apartments, 1 no. 1 bed apartment) with on site parking for 8 vehicles.

Built in 2021 the property is arranged on ground and 3 upper floors with a roof terrace, served by a lift.

All apartments are separately metered for gas heating and electricity.

We understand the property is fully let producing a gross annual income of £216,060 pa. to Year End November 2025.

Domestic rates payable (non-recoverable) for the current year are approximately £13,500.