www.lsh.ie

FOR SALEMulti-Let Mixed Use Investment The Hub, 45-47 Ravenhill Road, Belfast, BT6 8DQ

Investment Summary• Multi-let mixed use commercial building comprising

c. 11,040 sq ft over two floors with a total site area of c. 0.2 acres

• Fully let to a range of well-established local businesses

• Opportunities to asset manage space and maximize rental income

• Gross income of £58,440 per annum and net income of £56,100 per annum

• Asking price of £575,000 which reflects a net initial yield of 9.29% and a low capital value of £52 psf

Queen's Island

Ballymacarret

Donegall Pass

Carrick Hill

Cliftonville

Lower Falls

Tiger's Bay

Willowfield

Sandy Row

Duncairn

ShankillSydenham

Botanic

Yorkgate

Sydenh

City Hospital

TitanicQuarter

BelfastLanyon

Place

Belfast- Great

VictoriaStreet

Duncrue Street1b

York Street Interchange1a

Mulhouse Road Grosnevor Road

Clifton Street

York StreetClifton Street

Divis Street

Divis Street

LaganBridge

QueenElizabeth

Bridge

AlbertBridge

LaganWeir Footbridge

M2

M3

A12

A12

A2

A2

B126

B126

B126

B501

B502

B502

B503

B505

B505

B506

B38

B38

B39

B39

C701

C701

C702

C703

C703

C704

Syde

nham

Bypa

ss

Syd

Sydenham

Bypas s

Syden ham

Bypass

Nel

son

Stre

et

Westlink

Wes

tlink

Wes

tlink

Wes

tlink

Westlink

Wes

tlink

Westli

nk

Westlink

Upp er Newtownards Road

GrotciV taeri

aS t

t eer

Mountpot tinger Road

Corp

ora

tion

Stre

et

Castlereagh Street

Mi ddlepath St reetMiddlepat

h Street

Chichester Street

Albertb

ridge R

oad

Albertb

ridge

Road

Newtownards Road

Castlereagh Ro

Victori a Street

Donegall Street

Dunc

rue

Stre

et

Do

negall Place

Clifton St reet

Bedford Stree

t

Whi

tla S

tree

t

Nel

son

Str

eet

Don

egal

l Qua

y

Doneg

all Quay

Crom

ac S

tree

t

Shor

t Stran

d

Royal Avenue

Roya

l Ave

nue

Divi s StreetDivi

s Street

Crumlin Road

Crumlin Road

Crumlin Road

York Street

York

Stre

et

York S treet

York

Stre

et

York

Str

eet

Ormeau Road

High S

treet

Dunbar Link

Dub

l in R

oad

Antrim Road

Antrim Ro

da

Antr

im R

oad

May StreetMay Street

Falls

Roa

d

Bridge End

Ann Street

York

Roa

Nor

thum

berl

and

Stre

et

College Square North

Nort

h Qu

een

Stre

et

Nroth

Que

en S

tree

t

Frederick Street

Beersbridge Ro ad

Be

ersbri

dge Ro

ad

Beersb

ridg

e Ro

ad

Ravenhill Road

Limestone Road

Grosv enor Road

Grosvenor Road

Shankill Road

Holywo

o d Roa

d

Holywo

o d Roa

d

Holy

Durham

Street

Peter's Hill

Old

park

Ro

ad

North Street

Bruce Street

Agne

s S

tree

t

Sandy Row

Mill

field

Mill

field Doneg all Street

Brougham S treet

Belfa

st H

arbo

u r

Woodstock Road

Dundela Av

Warin

g Stree

t

Orm eau Avenu e

Nel

son

Stre

et

Donegall Road

Don egall RoadDonegall Road

Donegall Road

Do negall Pass

North Street

Gran

d P

arad

e

arad

e

Airp

ort R

oad

Airp

ort R

oad

Airp

ort R

oad

daoR tropriA

North

Roa

d

Dee

Str

eet

Dee Street

D ee

Stre

et

O

ran

Bell's T

he

orem

Cre

scen

t

Little Do negall Street

Little Patrick Street

Great Geo rge's Street

Upper Cannin g Street

Upper Mer vue Street

Upper Meado w Street

Oran

gefie

ld Ga

rdens

Nor

th H

ow

ard

Stre

et

Ballym

acarrett Road

Willowfield Street

Willowfield Parade

Ravenscroft Avenue

Oran

gefie

ld Av

enu

North De rby Street

Littl

e Yo

rk S

tree

t

Glenvarloc

k Street

G lencollyer Street

Cupar Street Lower

Clift

onpa

rk A

ven

ue

Cifto

nvill

e Av

enue

Cher

ryvil

le Str

eet

Castlereag

h Parade

Ca

Bloo

mfie

ld G

arde

ns

Willowfi

eld Driv

e

Templ em

ore Street

Templem

ore Avenue

Templem

ore Avenue

Strathede n Street

Strandburn Stree t

Richardson Street

Ravensdale Street

Orm

eaE

um

O

North Howard Link

McC

andl

ess

Stre

et

Larkfield Garde ns

Kens

ingt

on A

ven

ue

Grove Street East

Grov efield Street

Ebri

ngto

n Ga

rden

s

East

Bre

ad S

tree

tEa

st B

read

Str

eet

Dis

tille

ry S

tree

t

Conn

swat

er Stree t

Conn

sbro

ok A

venu

e

d

Clan

debo

ye S

tree

t

Cast

lere

agh

Plac

e

Carringt on Street

Bloom

fiel d

Parade

Bloomfield Avenue

Beechfield

Street

Ballym

oney

Stree

t

Win

grov

e Ga

rden

s

t

Syden

Stra

ndbu

rn D

rive

Snug

ville

Str

eet

Salisbury Street

Rydalm

ere Street

Rosa

pen n

a Stre

et

Red

cliff

e Pa

rad

e

Rav

enhi

ll St

reet

nuoP

dhill Street

Orang

efield Lane

Old C hannel Road

Northland Street

Newi

ngto

n St

reet

weN

c eltsaS

rte

te

Mou

ntforde Drive

Mile

rive

May

flowe

r Stre

et

Mar

y vill

e St

reet

Linenhall Street

Lich

field

Ave

nue

Lancaster Street

Kirkliston Drive

Kingswo

od Stree

t

Glen

broo

k Av

enue

Edlin

gham

Stre

et

Dunraven Garde ns

Dunca irn Gardens

Culli

ngtre

e Roa

d

Conv

entio

n Co

urt

Connsbrook Dri ve

Connaught Street

Clift

on C

resc

ent

Clar

endo

n Av

enu

e

Churchill Stree t

Chatwo

rth Stre

et

Charlotte Street

Broo

khill

Ave

nue

Bloomfield Drive

Ardenvohr Street

Ambleside Street

Aby

ssin

ia S

treet

Wellwoo d Street

Wellwood Avenue

Victoria

Trillick Street

Town sen d Str

eet

Stan

hope

Stre

et

Spamou nt Street

Sheridan St reet

Shan

kill

Para

de

Seaforde Street

Sagi

mor

Gar

dens

Rosleigh Street

Rosevale Street

Richview

Street

Red

cliff

e D

rive

Rave

nhil l

Reach

Rave

nhill

Rea

ch

Portall

o Stre

et

Ponsonby Avenue

Parkgate Avenue

Park

gate

Ave

nue

Nend

rum

Gar

dens

Moorgat

e Stree

t

Mon

trteertS eso

Moneyre

a Street

teer

tS r

etsa

McM

Matc hett Street

Martinez Avenue

teertS kcirdneL

Lark

field

Gro

ve

Kinnaird Street

Imp e

rial Street

Hynd ford Street

Hop ewell Avenu e

Hillf

oot

Stre

et

H arkness Par

ade

Hamilton Street

Hal

liday'

s Ro

ad

Greenvi lle Road

Greenville Road

e Street

Girdwood Aven ue

Gar

dine

r St

reet

Friendly StreetFranklin Street

East

on C

re

Dunville Stre et

Dunvegan Str eet

Dunraven Par

ad e

Dunr

aven

Ave

nue

Dunca

irn P

arad

e

Dunc

air n

Ave

nue

Duncairn Av enue

Delaware Street

Connsbr ook Park

Clarence Street

Broo

Bram

cote

Stre

et

Bou

ndar

y St

r eet

Bloomfield Road

Bloo

mfie

ld P

ark

Beverley Street

Bankmore Street Ballarat Street

Atla

ntic

Aven

u

Adelaide StreetAdela ide Street

Woo

dco t

Ave

nue

Wayland

Street

Victo ria Drive

Toronto Street

Ten

nen

t Str

eet

Stormount Lane

St

ewar

t Str

eet

Step

hen

Stre

et

Stat

ion

Str

eet

Skipton

Street

Shan

non

Stre

et

Sandbrook Park

Raphael Stre e t

Posnett Stre

et

Avenue

Orien

t Gar

d

Oldp

ark

Aven

Oakl

and

Aven

ue

Oa kdene Pa rade

New Lodge Road

My Lady's Road

Milford S

treet

McAuley Street

Lismore Street

Lisa

von

Str e

et

Lindsay Stre

et

Library Street

Lemberg Stre

et

Larkfield Road

Laganbank Road

Keatley Street

Jocelyn S

treet

Jocelyn Aven ue

Isoline Stre

et

Irwin Crescent

Invera

ry Dr

ive

Hogarth StreetHillman Street

Harcourt Drive

Gres

ham

Str

eet

na S

tre

et

Erskine Street

Epworth

Street

Dund el

n St

ree

t

Connsbank Road

Clanroy Parad

Cheviot Avenue

Canm

ore

Stre

et

Brucevale Park

Brandon Parade

Bendi go Street

Bevl

oir

Stre

et

Beec

hnut

Pla

ce

Barr

ack S

treet

Ashmore Street

Ashda le

Street

Ardoyne Av

enue

Ardile

a Stre

et

Acad

emy

Stre

et

Abingdo n Drive

With

am S

tree

t

Wilt

on S

tree

t

Wilso n Street

Wilgar S

Waln

ut Street

Vulca

n Street

Victoria Road

Vernon Street

Ven try Street

Talbot

Stree

tSydenham Road

Sydenha m RoadSydenham Road

Syde

nham

Par

k

Summer Street

Stroud Stre e

t

Solw

ay S

tre

et

Silv

io S

tree

t

Severn Street

Severn Street

Serv

ia S

tree

t

Servi

a Stre

et

Samuel Street

Roslyn

te

ertS

Roslyn S

Rose bery Ro

River Terrace

Ribb

le S

tree

t

Regent Street

Redcar

Street

Pomona Avenue

Paxton

Street

Parker Street

Omeat h Street

North

Garde

ns

No

rthern

R

oad

son

Squa

re

Milne

r Street

Mervu e Street

Mersey Street

Me dway Street

Martin Street

Madrid Street

Madrid S tree

t

Mad rid Street

Mackey Street

Lomond A venue

Lisavon Drive

Linfie

ld Road

Linen

Gar

dens

Lepp

er S

tree

t

Leeson Street

Island St reet

Hillvie

w Road

Harper St

reet

Ham

ill S

treet

Gibs

on S

treet

Florida Driv

Euston Street

Eusto

n Par

ade

Empire Street

ia S

tree

t

Dunraven Park

Dun raven Pa

r k

Dunbar S

t reet

Donard Str eet

n Street

Dawson Street

Danube Street

Cyprus Avenue

Crim

ea S

tree

t

Conw

ay S

tree

t

Conway

Street

Colv

il St

reet

Clon

lee

Dri

Clift

on D

rive

Carn

an S

tree

t

Carl

ow S

tree

t

Carli

sle

Road

Calvin Street

Bryson Street

Blythe Street

Ber

lin S

tree

t

Batley S

treet

Baltic Avenue

Balkan

Street

Avono

rr D

rive

Avon

iel D

rive

Ashm ore Place

Arg

yle

Stre

et

Alfred StreetAlfred Street

Albert Street

Albert Street

Albe

rt Street

Aigb urth Par k

Abetta Parade

Yuko

n St

reet

Wel

sh S

tree

t

Virg

inia

Way

Tower Street

Torr

Third Street

Tamar Street

Syla

n St

reet

Susan Street

Sefto

n D

rive

Rode

n St

ree

t

Roden Street

Que

en S

tree

t

Pollo

ck R

oad

Pilot Street

Perc

y St

reet

Percy Street

Pearl Street

Osman Stree t

Nevis Avenue

Mou

nt St

reet

Mou

nt S

tree

t

May

's M

eado

w

Man

or S

treet

Man

or S

tree

t

Major Street

Lewi

s Ave

nue

Lanyon Place

Irw

in A

venu

e

Hills Avenue

Henry Str eet

Gra

ce S

tree

t

Grace Avenue

Frome

rtS

eet

Flora Street

Fifth Street

Eureka Drive

Dov

er S

tree

t

Devon Par ade

Cooke Street

Conway Place

Clonard Rise

Clara S

treet

Clara Aven ue

Brow

n Square

Berry Stree t

Avoniel Road

Avoni el Road

Avoc

a St

reet

Athol Stree t

Arno

n St

reet

Arann Stree

t

Alloa Street

Wall S

treet

Tom

b St

reet

Shaw

Str

eet

Sefto

n Pa

rk

Sark Street

Rowland Way

Ross St

reet

Riga StreetRiga Street

Que e

ns R

oad

Quee

ns R

oad

Que

e ns

oRad

Queens

Road

Percy Place

Park Parade

Park Avenue

Park Avenue

Park

Ave

nue

Osw

ald

park

Lord Street

Lord Street

Lond

o n Ro

ad

Lewi

s Driv

e

Kyle Street

King

Str

eet

Kent Street

John

Stre

et

Irw in Drive

Hill Street

He

nry P

lace

Fras

er P

ass

Felt

Stre

et

Dover Place

CookeCourt

Church Lane

Boy

d St

reet

T

Tor

Pim Street

Lewi

s Par

k

Joy te

ertS

Joy

Stre

et

Eia Street

Corry Road

York Lane

The

Mou

nt

Ross Roa

d

Orby RoadOrby

Roa

d

O

Loug

h Lea

y

Cuba

Wal

k

Crav

en S

t

City Way

Kitchener S

Soudan St

Nubia Stre

Willow

field W

alk

arac

iVg

e Street

Rosemary S

treet

Foun

tain

Str

eet

S t Luke's Walk

Matilda Avenue

Arthur Street

Utility Walk

Chap

el L

ane

Castle Lane

Bank Street Cornmarket

AnnStre

et

Dargan Bridge

Da

gran

Brid

ge

A1

Harland& Wol�

VictoriaPark

VictoriaPark Playing

Fields

The Waterfront

Albert &BallsastQuays

NorthernIrelandScience

Park

CitysideRetail Park

WeaversCourt Business

Park

Dixon ParkPlayingFields

York Dock

Twin SpiresBusinessCentre

Saint Malachy'sCollege

ThompsonsFeed Factory

MarrowboneMillenium

Park

GreenvillePark

Castle CourtShopping

Centre

Royal BelfastAcademicalInstitution

(RBAI)

DRD RoadService

ConnswaterShopping

Centre

BelfastRoyal Academy

OrmeauPark

TennantsTextile

ColoursLtd

PollockDock B-

DBarnett

Dock

SinclairWharf

BelfastHarbourMarina

DunvillePark

PollockDock 6

King GeorgeV Playing

Fields

BlythefieldPark

ElmgrovePrimary

PollockDock 5

SteamPacketFerries

BombardierMain

Factory

RoyalVictoriaHospital

Victoria

CITY HALL

Square

OdysseyCentre

Translink

Conn s' W

reta

Conn

's Wa

ter

Laga

n

Lagan

er

Conn's Water

Laga

n

Laga

n

LocationBelfast is Northern Ireland’s capital with a population of c. 700,000 and a further extensive catchment within a 10 mile radius.

The subject property occupies a highly prominent position on the Ravenhill Road which is one of the main arterial routes into Belfast City Centre and benefits from large volumes of both vehicular traffic and pedestrian flow. The building’s location means that it benefits from excellent transport links and allows for easy access into Belfast City Centre, the Titanic Quarter and M2 & M3 motorways.

Nearby occupiers include Martin Philips Carpets, Screwfix, City Vets, Polita and Wood Floor Warehouse.

Belfast Waterside Development

Titantic Quarter

Belfast Lanyon Place

THE HUB

Belfast City Hall

Victoria Square

Waterfront Hall

DescriptionThe property is a substantial commercial building extending to c. 11,040 sq ft (c.1,028 sq m) over two floors and offers a range of accommodation under one roof, housing 7 tenants. Externally new PVC windows have been installed to the ground and first floors of the building as well as the side return. New electric roller shutters and aluminium glass doors have been fitted to all external entrances and the main entrance lobby into ‘The Hub’ has been refurbished to include a tiled floor, plastered and painted walls, new lighting and a new bespoke tick tack staircase has been installed.

Internally the building comprises a number of smaller and larger units which have been finished to include plastered and painted walls, strip lighting and from the beginning of October all units will be separately metered for both gas and electricity. BFIT occupy the majority of space at ground floor level and they have recently made a significant investment upgrading their facilities. The first floor is partitioned into a number of smaller units which vary in size and most of the tenants are situated at this level.

Schedule of Accommodation & TenanciesUnit Tenant Trading As Area Area Lease Lease Lease Rent Rent Comments (sq ft) (sq m) (Years) Start Date Expiry Date Passing (PSF)

1- 4 BFIT Belfast Ltd BFIT 6,077 565 5 09.04.20 08.04.25 £30,000 £4.93 BFIT have recently made a significant capital investment upgrading their facilities.

5 Christ Believers Christ Believers 945 88 2 09.03.19 08.03.21 £4,800 £5.07 Rent includes utilities. Evangelical Church Evangelical Church

6 David Turner Turner Framing 324 30 2 09.03.20 08.03.22 £3,840 £11.85 Rent steps up to £4,200 per annum from 9th March 2021.

7 Bami Aikulola HotBox 227 21 3 20.03.20 19.03.23 £3,000 £13.21 Rent steps up to £3,300 per annum from 20th March 2022. Entertainment

8 Carol Orchin The Movement 1,070 99 3 13.05.20 12.05.23 £7,800 £7.28 Rent steps up to £8,400 per annum from 13th May 2021. Loft Gym

9 Belfast Aikido Club Belfast Aikido 1,570 148 5 17.02.20 16.02.25 £6,000 £3.82 Rent steps up to £7,200 per annum from 17th August 2022.

10/11 Mark Nagy Storage Mark Nagy Storage 828 77 1 12.06.20 11.06.21 £3,000 £3.60 Storage unit. & Delivery & Delivery

TOTAL c.11,040 c.1,028 £58,440 per annum

Gross Rent ............................................................£58,440 pa Estimated Utilities Costs .......................................£2,340 pa Net Rent ................................................................£56,100 pa

*Telephone mast sold off on a long leasehold basis at a peppercorn rent. Further info available upon request.

Energy Performance CertificateThe EPC ratings for each unit are as follows:

Unit EPC Rating

Unit 1 D92

Unit 2 D83

Unit 3 D78

Unit 4 D93

Unit 5 D77

Unit 6 F134

Unit 7 C52

Unit 8 G214

Unit 9 E116

Full copies available upon request.

Title The property is held under freehold / long leasehold Title and is free from any onerous or restrictive covenants.

Business RatesEach unit has been individually accessed by Land & Property Services and therefore it’s the tenants responsibility to pay business rates directly to the rates collection agency.

VATWe have been advised that the property has not been elected for VAT.

ProposalWe are seeking offers over £575,000 (Five Hundred and Seventy Five Thousand Pounds Sterling) subject to contract, which reflects a net initial yield of 9.29% (after allowing for purchaser costs of 5.02%).

Further InformationFor further information, please contact:-

Jonathan Martin Martin McCloy 028 9026 9274 028 9026 9236jmartin@lsh.ie mmccloy@lsh.ie

Belfast OfficeLambert Smith HamptonClarence House, 4/10 May StreetBelfast, BT1 4NJ

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.

Subject to Contract and Exclusive of VAT © Lambert Smith Hampton September 2020

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