Unit 1 And, 2 36 Soudan Street, Belfast, BT12 6LA
Investment Property
Offers Over £220,000
Property Overview
Status
For Sale
Style
Investment Property
Property Features
Energy Rating
Property Financials
Price
Offers Over £220,000
Additional Information
An opportunity to acquire a fully income-producing two unit residential investment in the established Donegall Road area of Belfast, close to The Royal and City Hospitals and Boucher Road. The property comprises of two self-contained apartments within a converted mid-terrace building. Both units area currently let and generate a combined rental income of £19,740 per annum. Having been fully renovated in 2022, both flats are presented in a modern condition, with new gas fire central heating installed at the time and meeting all rental compliance standards on both gas and electrical safety. This asset provides the purchaser with an immediate income in two rental streams, reducing the single tenant risk and offering a straightforward, turnkey addition to any investor portfolio.
Asking price: Offers around £220,000
Gross income: £19,740
Yield: 8.97% at asking
Gas heating and double glazing throughout
Conversion and layout compliant with current rental regulations (documentation available).
All EICR and Gas certificates in place
2 x Fully self contained units with separate rear yards
Fully tenanted with no voids since renovated
No Short Term CapEx identified • Flat 1: £870 pcm. Flat 2: £775 pcm.
Rent review due Summer 2026 presenting potential for income growth, leases periodic.
Rates: £1,056 per annum (£528.00 per unit)
Fully managed by Agent
Accommodation Features:
Flat 1: Entrance hallway: PVC front door, tiled floor,
Lounge: Wood laminate flooring, blinds, (built in smoke detectors throughout building).
Modern fitted kitchen: High and low level units, Formica worktops, stainless steel feature sink unit with mixer taps, built in oven and ceramic hob, extractor hood, washing machine, fridge freezer, tiled flooring, spotlights.
Shower-room Shower cubicle with thermostatic shower. Vanity sink unit, low flush wc, tiled flooring, chrome hot towel rail.
Bedroom 1: Blinds, carpeting
Bedroom 2: Blinds, carpeting
Flat 2: Lounge: Wood laminate flooring, blinds, built in smoke detectors, open plan to;
Modern fitted kitchen: High and low level units, Formica worktops, stainless steel feature sink unit with mixer taps, built in oven and ceramic hob, extractor hood, washing machine, fridge freezer, tiled flooring, spotlights, rear access fire escape.
Cloaks: with wc and wash hand basin
Bedroom 1: Blinds, carpeting
Shower-room: Shower cubicle with thermostatic shower. Vanity sink unit, low flush wc, tiled flooring, chrome hot towel rail.
Outside: Forecourt to front, rear yard - separate one for each flat
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