49 -51 Donegall Place & 42-46 Fountain Street, 51 Donegall Place, Belfast, BT1 5AG
£13,300,000
Contact Savills (NI) Ltd
Description & Features
- Belfast is the capital of Northern Ireland with a population of approx. 650,000
- 12th largest city within the UK & 2nd largest on the island of Ireland
- Transport links including M1 & M2 motorways, 4 railway stations & 2 airports
- Situated within the heart of City Centre, in close proximity to City Hall
- 70% of the gross income secured against tenants of minimum/low risk
- WAULT of 6.32 years to lease expiry and 4.15 years to break
- Tenants include DV8, Waterstones, ESO Solutions & A&L Goodbody.
- Gross income of £948,126 per annum and a net income of £921,828 per annum.
- 70% of income derived from offices
- Net initial yield of 6.50%
The property comprises mixed use office and retail accommodation over six floors, extending to approximately 68,534 sq. ft. The ground floor comprises two retail units currently occupied by DV8 and Waterstones. DV8 benefits from extensive frontage on to Donegall Place whilst Waterstones benefits from frontage onto Fountain Street. Waterstones also features an in-house Ground Espresso Cafe located on the first floor, which further attracts increased footfall. Both units benefit from a high level of pedestrian footfall.
The office accommodation dominates the upper floor use extending to 48,724 sq. ft over part first to sixth floor. Access to the office accommodation is via a dedicated entrance off Fountain Street which benefits from a refurbished lobby, 2 passenger lifts, and a stairwell providing access to each floor. The reception is modern, bright and spacious. The office suites benefit from an abundance of natural light due to significant glazing to each elevation as well as the in
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