Klondyke Building, The Gasworks, Belfast, BT7 2JA

Offers in excess of £6,000,000 exc 

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Property Description

  • Landmark Headquarter Office Building of 57,495 sq ft
  • Located within 'The Gasworks'

Property Summary
Landmark office building of 57,495 sq ft located within ‘The Gasworks’, Belfast’s most prominent office campus.

Sale

  • Short term net income of c. £901,230 per annum until 31 October 2024
  • The current tenant will vacate on 31 October 2024
  • Offers in excess of £6,000,000 (SIX MILLION POUNDS) exc. reflecting £104 per sq ft

Letting

  • Available on a floor by floor basis
  • Rent £19 per sq ft exc.
  • Flexible terms available
  • 26 on-site car parking spaces

The Gasworks offers an excellent environment for staff with open green spaces and access to the Lagan Tow Path. Major occupiers in the park include Lloyds Banking Group, Fintru and Herbert Smith. There is also a 120 bed Gasworks Hotel within the Gasworks and an abundance of surface car parking within the vicinity.

Klondyke Building is located in the campus style Gasworks development in close proximity to the city centre and a few minutes walk from Belfast’s CBD.

Klondyke Building is readily accessible, connections to the road network and key public transport hubs are easily reached:

Lanyon Place Station 10 minutes walk
Great Victoria Street Transport Hub 15 minutes walk
Belfast City Hall 10 minutes walk
George Best Belfast City Airport 9 minutes drive

Klondyke is a landmark Listed Building of historical significance having originally been constructed in 1891 by McLaughlin & Harvey.

The building comprises 57,495 sq ft and offers the opportunity to acquire a truly unique asset. The building is currently occupied by the NIEA and has been fitted out for their specific needs.

The building is B1 listed under reference HB26/30/010 B

The office accommodation is fitted to the following specification:
  • Glazed reception lobby
  • Double height loft style roof in a significant portion of the office space
  • Suspended ceilings in the modern sections with floor to ceiling height of 2.7m
  • Attractive use of feature red brick throughout
  • Raised access floors
  • Mechanical heating and ventilation with air conditioning in part
  • Significant sections of floor to ceiling glazing
  • 3 Lifts
  • Excellent provision of WC and shower amenities
  • 26 on site car parking spaces

Lease / Sale Details
Rent: £19.00 per sq ft
Term: Negotiable
Service Charge: If the building is multi occupied a service charge will be levied to cover common services
Insurance: Tenants will be responsible for a fair proportion of buildings insurance

Pricing Proposal 
Offers in excess of £6,000,000 (SIX MILLION POUNDS) exc reflecting £104 per sq ft.

Title and Data Room
The property is held by way of 125 year Ground Lease from Belfast City Council with the option to extend for a further 50 years. A ground rent of 12% of rent received is payable to Belfast City Council making the current Net Rent £901,230 per annum exc. Further information and Data Room access is available via the Vendor’s Solicitor:

A&L Goodbody, 42-46 Fountain Street, Belfast, BT1 5EB
T: +44 28 9031 4466

EPC
The property has a current EPC rating of 57 however there are various opportunities to enhance the ESG credentials of the building.

Building Management System
The existing Building Management System includes automatic opening windows and skylights that operate based on the CO2 levels within the building. This provides excellent fresh air and ventilation.

Rainwater Harvesting System
The building benefits from a rainwater harvesting system which has the potential to reduce water consumption throughout the building following recommissioning.

Other Opportunities

  • Installation of LED lighting
  • Increase efficiency of water heating to include solar heating
  • Installation of PV panels


Description Area
Ground Floor17939 square feet
First Floor18685 square feet
Second Floor18405 square feet
Third Floor2476 square feet
Total Area:

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If you have a query then you can get in touch with us by calling the Osborne King office, email or leave an enquiry below.

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