RESTAURANT INVESTMENT GOES ON THE MARKET
02 May 2017
An investment opportunity prominently located on Belfast’s bustling Botanic Avenue has come to the market and selling agents, Osborne King, expect keen interest in the property which houses the award-winning Boojum Mexican Burrito Bar. The mid-terrace property is located at 67-69 Botanic Avenue adjacent to Madison’s Hotel and within easy walking distance of the city centre. Boojum has been trading since 2007 and its tenancy is unaffected by the sale.
Speaking on behalf of Osborne King, Thomas Osborne commented: “This property represents an excellent investment opportunity for purchasers. Not only is it located within an area popular with students and young professionals, it also benefits from having a well-established business in situ offering an attractive rental income and yield. Demand for good quality investment stock continues to grow and we are expecting strong interest in this particular property.”
The substantial property provides circa 6,544 sq. ft. over three floors, the ground floor of which is occupied by Boojum Burrito Bar with stores and office/ancillary staff areas on the first and second floors respectively.
Offers are being sought in excess of £450,000 reflecting an attractive net initial yield of 7.62%. Osborne King is selling the property on the instruction of Grant Thornton acting as Fixed Charge Receiver.
CLICK HERE for brochure