Belfast Telegraph

Strong interest expected as major property portfolio listed for £4.7m

By Christine Carrigan

Lisney has listed a substantial investment portfolio of seven properties in rural locations across Northern Ireland with a combined asking price of almost £5m.

The assets within the portfolio total over five acres with a combined asking price of £4.7m.

Five of the units are currently being leased to Spar owner, Henderson Retail, and are made up of a filling station and convenience store with additional retail units and residential development opportunities.

The portfolio's units are in Clough, Dromara and Drumaness, as well as two in Killyleagh and two in Crumlin.

The property agent is also offering some of the units to be sold off in lots.

The properties at 4-6 Downpatrick Road and 1-6 Irish Street, Killyleagh, are available in one, two or three lots, and 119-125 Drumaness Road is potentially available in one or two lots.

David McNellis, director at Lisney Northern Ireland, said:"This is a really interesting portfolio to come to the market, particularly as all but two of the seven opportunities are let to Henderson Retail Ltd, with 18 remaining years on the lease.

"Each of these assets generate significant income every year, however, with asset management strategies, there is potential to further grow the income generated.

"Acting as the sole agent on behalf of the seller, we are expecting significant interest from local investors given the combination of commercial and residential assets.

"These assets present an excellent opportunity for investors."

Meanwhile, a site with planning permission for purpose-built student accommodation in Belfast city centre has been put on the market by CBRE with an asking price of £2.5m.

The site is located on Library Street, close to the new Ulster University campus.

Full planning permission for an accommodation block with 393 bedrooms has already been granted but a further application for 93 residential apartments has also been filed by the current owners.

In the Mid and East Antrim borough, Eglington Yard at Glenarm Harbour has also been listed by Lisney property agents.

Overlooking the Marina and Glenarm River, the unit is described as a seafront regeneration development opportunity.

The 1.26 acre site includes an open-sided warehouse, a number of outbuildings and a substantial hardcore yard area.

The Marina has 40 fully serviced pontoon berths within the village's historical limestone harbour.

It is strategically positioned fronting New Road, along part of the Causeway Coastal Route.

Opposite the subject site is the new Tourist Information Office, located within the Old Seaview School.

Meanwhile, a 15,000 sq ft industrial estate has become available to rent in Moira.

The unit, which consists of two levels, is located on the Old Kilmore Road, with a minimum of a 12 month lease.

The unit, which is being advertised by Robert Wilson, comprises a 7,500 sq ft ground floor space at £4 per sq ft and a 7,500 sq ft first floor space at £1 per sq ft.

Belfast Telegraph

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