Belfast Telegraph

Ex-Target Express warehouses sold

Three warehouses in Co Fermanagh and Co Antrim which had been occupied by failed transport company Target Express have now been sold.

Property consultants CBRE and Savills said the three properties in Lisnaskea and Nutts Corner had been sold to three owner-occupiers for undisclosed sums.

David Wright, director of CBRE Belfast, said: "We are pleased that after a short period from being instructed we have disposed of all three properties to owner-occupiers.

"We had great interest in all of the properties from a range of purchasers. However, it is encouraging to note that the successful bidders were owner-occupiers who each intend to expand their respective businesses."

Majo Plastics bought the 45,000 sq ft site at 279 Gola Road, Lisnaskea, which had an asking price of £425,000.

Liam Connolly Road Freight bought a 100,000 sq ft warehouse at 310 Gola Road, Lisnaskea – a former Adria factory – which had an asking price of £750,000.

However, the purchaser of the property at 10 Tully Road, Nutts Corner in Co Antrim, which had an asking price of £700,000, did not want to be identified. Units at the site are let to City Link Limited and City Link Properties.

CBRE and Savills were acting on behalf of BDO Northern Ireland as administrators to Farnley Investments, a holding company within Target Express.

Ten Target Express depots north and south of the border were closed in August 2012 when the firm folded over unpaid tax.

Belfast Telegraph

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