Business For Sale Belfast Ad:961986

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United Kingdom > N Ireland > City Of Belfast > Belfast

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£40,000,000

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Business
For Sale
Belfast
United Kingdom

PRIME SHOPPING CENTRE INVESTMENT OPPORTUNITY

Key features

Fully let.

Belfast`s premier out of town shopping centre.

81% of the gross income secured against tenants of minimum/below average risk.

Extends to approximately 336,532 sq. ft and comprises over 35 retail units.

Anchor tenants include Marks & Spencer, Dunnes Stores, & Sainsburys.

Total site measures approximately 14.24 acres (5.76 hectares).

Full Planning Permission for the development of 3 restaurant units/coffee pods.

Gross income of £3,656,328 pa and a net operating income of £3,537,972 pa.

WAULT to expiry of 4.24 years (3.50 years to break).

Local information

Belfast is the capital of Northern Ireland and is the second largest city on the island of Ireland after Dublin.
Belfast enjoys excellent transport infrastructure and is well connected to the rest of Ireland and mainland
UK.
Forestside Shopping Centre is located in South Belfast, approximately 3 miles (5 km) from Belfast City
Centre.
Forestside is the dominant shopping centre in South Belfast and is considered the city’s premier out of
town retail scheme with a core catchment of 478,994 inhabitants (source: CACI).
The site occupies a prime location bounded by Saintfield Road, which links to Upper Galwally to the north,
and Newtownbreda Road (A55) to the south, which is Belfast’s outer ring road.
Forestside is well served by public transport with 5 bus stops conveniently located in the immediate vicinity.
Additionally, there are taxi ranks at each entrance to the shopping centre.
Held majority freehold.

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