Belfast Telegraph

Co Down waste plant and car showroom in Lisburn on the market

Commercial Property

By Margaret Canning

A 12-acre site in Moira, Co Down - which includes a portion with planning permission for an energy from waste plant - has gone on the market.

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Commercial property agents CBRE are selling the lands at 211, 213 and 215 Moira Road, close to the Halftown Crossroads junction.

An advertisement said the agents understand that some of the site includes land which "has benefit of planning permission for the development of an energy from waste gasification plant and associated outbuildings".

Plans emerged for the energy from waste plant in 2010, with Scandinavian company Energos winning planning permission three years later.

However, the plant did not go ahead.

CBRE said it would not be commenting on the proposed sale.

Meanwhile, a prominent car showroom let to Ford for its Mazda brand has been put on the market for £650,000.

The two-storey showroom, which was built in 1995, sits in the centre of Lisburn and includes a forecourt to the front of the property.

The 4,033 sq ft dealership at Market Place is let to Ford Retail.

Stephen Chambers, associate director for investment at Lisney, said: "This sale represents a great opportunity to purchase a property with an excellent tenant at a popular lot size.

"With neighbouring occupiers including Trust Ford and Roadside Peugeot, the showroom is ideally situated on the edge of Lisburn's main retail core.

"The property is fully let and has more than 10 years to run on its current lease, at a passing rent of £48,000 per annum, and we expect the investment to attract strong interest at a net initial yield of 7%."

The site has direct access from Market Place and includes 30 car parking and display spaces.

Meanwhile, agency Osborne King is continuing to seek properties to be sold at its auction on October 17. Bidding for an online auction opens at 9am.

New entrants to Northern Ireland like UK business Allsop and Irish business BidX1 have disrupted the market by holding online auctions, which are held at a lower cost than traditional auctions.

OK director Mark Carron said the business had profited from ballroom auctions.

He said: "Our last ballroom auction was in March when we did £7m in sales."

Belfast Telegraph

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