Bonmarche property in Lisburn goes on the market for £850k
The home of fashion retailer Bonmarche in Lisburn has gone on the market for £850,000.
The 4,876 sq ft property on Bow Street, the city’s main retail thoroughfare, currently benefits from an annual rental income of £75,000 from the retailer which has four years left on a 10-year lease.
Bonmarche is one of the UK’s largest women’s value retailers, with a total of 322 stores.
In 2017 it recorded sales of £190.1m. Specialising in fashion for the over-50s it recently opened an new outlet at The Junction in Antrim.
The building housing Bonmarche joins property agent Frazer Kidd’s other retail units up for sale on the same street including the home of a former Burton’s menswear store, a Thorntons shop and Surf Mountain.
In other areas of commercial property, 60 lots with a combined value of £7.5m, including shops, parcels of land and residential properties, will go under the hammer at an Osborne King property auction at the Clayton Hotel in Belfast on March 16.
Among the lots is a development opportunity on the edge of Dundonald Village on Old Mill Grove, just off the Upper Newtownards Road in Belfast.
Some of the lowest priced lots on offer include a quarter of an acre of land on Orchard Way in Antrim, which is going under the hammer for a minimum of £5,000.
In Lurgan a one-bedroom loft apartment on William Street is up for grabs for £20,000, making it one of the cheapest residential opportunities in the auction.
Mark Carron of Osborne King expects a large turnout at the auction.
“Last year was our biggest year since the downturn in 2007 and we did £20m in auction sales alone, so they’re very popular,” he said.
“This time round we have about £7.5m worth of lots on offer. We have many clients coming from across Ireland and even as far afield as London, New York, everywhere. Where there is good value, people will come.”
Three former pubs are also on sale at the auction, ranging in price from £45,000 to £160,000.
The former Embankment Bar, on Old Market Place in Omagh, is on sale with a maximum reserve price of £160,000 and the former site of Daly’s Bar, also in Omagh on High Street, is also up for auction with a £150,000 price tag.
Belfast Telegraph Digital