Belfast Telegraph

Guide price offer of £700k for Starbucks building is on table

By John Mulgrew

A Belfast building that is home to a Starbucks coffee shop has already received a guide-price offer of £700,000 after going on sale just a few days ago.

The building in the student area of Botanic Avenue is being sold off by commercial property agency Lambert Smith Hampton.

It's currently home to the coffee chain on the ground and first floors.

The building also features two flats.

Stuart Draffin, director and head of agency at Lambert Smith Hampton, said: "90 Botanic Avenue is on the market as an investment opportunity.

"The ground floor and first floor comprise a modern retail unit which has been occupied by a long-term and high-profile tenant, Starbucks.

Starbucks will continue to lease this property following the sale, providing a secure income.

"Two apartments, which have been finished to a high standard, are located above the retail unit.

"We anticipate that as a result of its prominent location close to Queen's University, Belfast City Hospital and the city centre there will be significant interest in this property.

"And we recommend that interested parties contact us as soon as possible.

"The property was offered to the market early last week and on Thursday we received an offer at the guide price, which provides a strong indication of the high level of demand for properties such as this."

Meanwhile, a city centre car park has gone on sale for offers over £450,000.

Located on Oxford Street, the secure spaces at Lanyon Quay sit close to the Royal Courts of Justice.

The building itself is the base for a number of companies, including accountancy firm RSM, Clarity Telecom and Aviva.

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