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Enterprise Rd - Balloo South Business Park 6,297 - 13,173 SF Industrial Condo Units Offered at $2,235,279 CAD Per Unit in Bangor BT19 7TA

Investment Highlights
- Established trading location
- Close to the junction with the A21 Bangor to Newtownards dual carriageway on the outskirts of Bangor
- Modern industrial premises
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Cap Rate | 8.16% |
| Sale Type | Investment |
| Cap Rate | 8.16% |
| Tenure | Long Leasehold |
Description
The property comprises a modern steel portal frame factory / warehouse property split into two separate units.
Unit 21 is currently used as a car body repair centre with workshop space, ancillary offices, mezzanine storage and WC facilities. It benefits from a single loading door, dedicated car parking and a secure yard to the rear of the property.
Unit 21 is currently used as a car body repair centre with workshop space, ancillary offices, mezzanine storage and WC facilities. It benefits from a single loading door, dedicated car parking and a secure yard to the rear of the property.
Sale Notes
Currently let to Komoo on a 10 year lease from 1 September 2023 with a 5 year tenants break option/ rent review.
| Sale Type | Investment | Tenure | Long Leasehold |
| Cap Rate | 8.16% |
| Sale Type | Investment |
| Cap Rate | 8.16% |
| Tenure | Long Leasehold |
Description
The property comprises a modern steel portal frame factory / warehouse property split into two separate units.
Unit 21A is separately let, being self contained with its own office, integral ground floor entrance area leading to first floor office, kitchen and WC facilities. There is a single loading door and marshalling area externally together with dedicated car parking.
Unit 21A is separately let, being self contained with its own office, integral ground floor entrance area leading to first floor office, kitchen and WC facilities. There is a single loading door and marshalling area externally together with dedicated car parking.
Sale Notes
Currently let to Priory Press Packaging Ltd on a 5 year lease from 01/08/2021.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 21 | 13,173 SF | Industrial | $2,235,279 CAD ($169.69 CAD/SF) | $182,361.53 CAD |
| Unit 21A | 6,297 SF | Industrial | $2,235,279 CAD ($354.98 CAD/SF) | $182,361.53 CAD |
Unit 21
| Unit Size |
| 13,173 SF |
| Condo Use |
| Industrial |
| Price |
| $2,235,279 CAD ($169.69 CAD/SF) |
| NOI |
| $182,361.53 CAD |
Unit 21A
| Unit Size |
| 6,297 SF |
| Condo Use |
| Industrial |
| Price |
| $2,235,279 CAD ($354.98 CAD/SF) |
| NOI |
| $182,361.53 CAD |
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Unit 21
| Unit Size | 13,173 SF |
| Condo Use | Industrial |
| Price | $2,235,279 CAD ($169.69 CAD/SF) |
| NOI | $182,361.53 CAD |
| Sale Type | Investment |
| Cap Rate | 8.16% |
| Tenure | Long Leasehold |
| Description | |
| The property comprises a modern steel portal frame factory / warehouse property split into two separate units. <br> <br> Unit 21 is currently used as a car body repair centre with workshop space, ancillary offices, mezzanine storage and WC facilities. It benefits from a single loading door, dedicated car parking and a secure yard to the rear of the property.</li></ul> | |
| Sale Notes | |
| Currently let to Komoo on a 10 year lease from 1 September 2023 with a 5 year tenants break option/ rent review.</li></ul> |
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Unit 21A
| Unit Size | 6,297 SF |
| Condo Use | Industrial |
| Price | $2,235,279 CAD ($354.98 CAD/SF) |
| NOI | $182,361.53 CAD |
| Sale Type | Investment |
| Cap Rate | 8.16% |
| Tenure | Long Leasehold |
| Description | |
| The property comprises a modern steel portal frame factory / warehouse property split into two separate units. <br> <br> Unit 21A is separately let, being self contained with its own office, integral ground floor entrance area leading to first floor office, kitchen and WC facilities. There is a single loading door and marshalling area externally together with dedicated car parking.</li></ul> | |
| Sale Notes | |
| Currently let to Priory Press Packaging Ltd on a 5 year lease from 01/08/2021.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 20,727 SF | Floors | 3 |
| Property Type | Industrial | Typical Floor Size | 6,909 SF |
| Property Subtype | Service | Year Built | 2003 |
| Building Class | B | Parking Ratio | 0.29/1,000 SF |
| Total Building Size | 20,727 SF |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 6,909 SF |
| Year Built | 2003 |
| Parking Ratio | 0.29/1,000 SF |
Amenities
- Automatic Blinds
Utilities
- Lighting - Fluorescent
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Enterprise Rd - Balloo South Business Park
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