Belfast Telegraph

Prime Lisburn industrial lands enter property market with £2.7m price tag

Commercial Property

The triangle of land next to Knockmore Industrial Estate
The triangle of land next to Knockmore Industrial Estate
Emma Deighan

By Emma Deighan

More than 30 acres of land close to Lisburn has gone on the market for £2.75m aimed at developers seeking an estate for industrial use.

According to property agents CBRE, the 32-acre site beside Knockmore Industrial Estate may be suitable for a range of uses "to include light industrial, storage and distribution".

CBRE said the subject lands are "zoned as land for employment and industry use within the area plan".

Previous planning permission was granted for a 500,000 sq ft industrial development (S/2007/1161/F). But CBRE said that permission had expired in October 2014.

The zoned land lies 10 minutes from the M1, putting it 30 minutes from Belfast and 90 minutes from Dublin.

This site is expected to benefit from a one-mile proposed extension to the Knockmore Road.

The roadworks will extend southwards linking it with the M1/Sprucefield Intersection (Junction 7) and "when complete will significantly enhance the already high levels of accessibility that the location of the subject site benefits from," according to CBRE.

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The agency also listed the neighbouring Knockmore Industrial Estate last year for £8.5m.

That 20-acre estate is made up of 10 blocks of industrial and office accommodation covering 320,000 sq ft of warehousing and offices which are almost 100% let.

Among its tenants are Ford, Bio Chem Research, Decora Blinds, ADE, KME and Eagle Overseas.

Meanwhile, in Dundalk a prime office building next to PayPal, one of the biggest online payment companies in the world, as well as Xerox and a promotional product firm, has gone on the market with a reserved price.

Property agency JLL has brought Building B at Xerox Technology Park to the market.

The site, which was formerly occupied by Activas, is made up of a detached office/R&D facility of steel frame construction, extending to a floor area of around 55,712 sq ft on 4.5 acres.

JLL says the site affords "considerable expansion opportunities", subject to planning permission.

It continued: "The unit is a rare opportunity for owner-occupiers or investors to acquire a turn-key building in the strategic north eastern corridor between Dublin and Belfast.

"Situated in Xerox Technology Park, Dundalk, the opportunity provides high-quality research and development (R&D) laboratories, offices and storage on foot of a substantial investment of over €20m by its current owners in 2008.

"Since then it has been maintained to a very high standard, as is the business park itself."

The property comes with around two surplus acres which will allow for further expansion, subject to planning permission.

In Draperstown, approximately 8.62 acres of land with full planning approval for extraction of "quality sand deposits" has gone on the market.

The land at Brackaghlislea Road occupies around 0.25 miles and has been listed by Allens in Cookstown.

And in online commercial property sales, Osborne King is gearing up for its next online auction which includes 19 lots.

Among the offerings are two self-contained commercial units on the Upper Lisburn Road in south Belfast, a two-storey mid-terrace commercial property in Dummurry and a "substantial listed former Poor Law Hospital dating from the 1840s" in Fermanagh.

Retail buildings in Bangor and Ballymena also feature in the auction on June 25 at 9am.

Belfast Telegraph

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