Belfast Telegraph

Three south Belfast office buildings on property market for total of £4m

Commercial Property

Laganwood House on Newforge Lane in south Belfast is on sale for £1.75m
Laganwood House on Newforge Lane in south Belfast is on sale for £1.75m
Emma Deighan

By Emma Deighan

Three office buildings in south Belfast, including the home of electricity supplier Power NI, have gone on the market with a combined value of almost £4m.

Laganwood House, Bridgewood House and Woodchester House on Newforge Lane off Malone Road, are listed by Lambert Smith Hampton and will be sold as separate lots.

Laganwood House at 44 Newforge Lane is the largest of the sites. The four-storey property spans 22,969 sq ft and is listed with a sale price of £1.75m.

The property occupies a prominent position within the development and is easily recognisable by the feature clock mounted on the lift shaft column above the main entrance.

The site has been subdivided into various office suites, the majority of which are on the ground floor. It also comes with 104 parking spaces.

Woodchester House on 50 Newforge Lane, which covers 12,159 sq ft and is the home of Viridian and its subsidiary Power NI, is also on sale with an asking price of £1.4m.

Bridgewood House on 48 Newforge Lane is a two-storey unit with 11 separate office suites. It currently produces a gross income of £60,864 per year and has an asking price of £750,000.

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Meanwhile, Lambert Smith Hampton is marketing other assets for sale. A 52,731 sq ft industrial site in Dungannon, which is part income producing, has come on the market seeking offers within the region of £1.5m and a prime commercial site, housing the Infiniti car showroom off Boucher Road, has gone on the market for £1.3m.

Meadows Centre on Boucher Place and 22 Boucher Crescent is a mixed development currently housing retail, warehouse, office, trade counter units as well as the Mervyn Stewart car showroom.

Elsewhere, zoned industrial development land near Kilroot Power Station is on sale for offers of around £450,000.

The development site covers 21.95 acres and is zoned for employment/industry. Previously it was used as a social club and recreation centre. A derelict building remains on the site as well as a lake.

Further commercial opportunities include the sale of an Iceland store in Ballymena.

The unit, which covers almost 10,000 sq ft on 33-45 High Street, is fully let to Iceland Foods Ltd until October 31, 2023. The property has been listed for £0.95m.

And in Belfast an office space above a takeaway on Amelia Street is seeking tenants.

Potential tenants occupying the property on 13-17 Amelia Street will benefit from its close proximity to Great Victoria Street Train Station and Europa Bus Station.

The site has recently undergone a full internal refurbishment.

Other occupiers in the vicinity include Europa Hotel, Wineflair, Little Italy Pizzeria and Travelodge Hotel.

In other parts of Belfast, changes have been made to a student accommodation planning application on 26-44 Little Patrick Street.

The site was originally proposed as a multi-storey student accommodation unit. However, planning firm Turley has submitted a pre-planning application notice for a temporary change of use from "purpose built managed student accommodation to aparthotel development covering floors 5-11".

Belfast Telegraph