COM­MER­CIAL PROP­ERTY City cen­tre prop­erty and top grey­hound sta­dium for sale

Belfast Telegraph - Business Telegraph - - News - BY EMMA DEIGHAN

A BELFAST com­mer­cial prop­erty hous­ing barbecue restau­rant Bub­bacue has come onto the mar­ket for £0.8m at Botanic Av­enue in Belfast.

The 4,200 sq ft build­ing is let in its en­tirety to the restau­rant on a 10-year term at an ini­tial rental of £55,000 per an­num.

It presents an at­trac­tive re­tail in­vest­ment op­por­tu­nity in the stu­dent heart­land of the city.

The prop­erty com­prises two ter­raced build­ings which have been merged to pro­vide a ground floor restau­rant with up­per floor of­fice and stor­age ac­com­mo­da­tion, al­low­ing for fu­ture ex­pan­sion of fur­ther seat­ing.

Neil Mcshane, di­rec­tor of cap­i­tal mar­kets at Lam­bert Smith Hamp­ton, said: “Botanic Av­enue has con­tin­ued to in­crease its pop­u­lar­ity for eater­ies, tar­get­ing the young de­mo­graphic. This in­cludes the prop­erty oc­cu­pier, Bub­bacue, a re­cent ad­di­tion to an al­ready im­pres­sive line-up in­clud­ing French Vil­lage Café Bistro, Falafel, The Sphinx, Builda-burger and Boo­jum.

“In­vest­ment op­por­tu­ni­ties, such as this one, with a se­cured 10-year lease and no ten­ant break op­tions, in the sub-£1m mar­ket in North­ern Ire­land, are hard to come by. Bub­bacue is a fan­tas­tic lo­cal suc­cess story and a great ten­ant. We an­tic­i­pate a high vol­ume of in­ter­est in this prop­erty and en­cour­age any in­ter­ested par­ties to con­tact our team as early as pos­si­ble.”

Mean­while, a unique in­vest­ment op­por­tu­nity has emerged in the prop­erty mar­ket in the Re­pub­lic. A grey­hound sta­dium, cov­er­ing 17.5 acres of land in Co Done­gal, is on the mar­ket.

Lif­ford Grey­hound Sta­dium, which has been brought to the mar­ket by agents Lis­ney, “rep­re­sents a unique busi­ness and devel­op­ment op­por­tu­nity”, the agents said.

With a £1.9m price tag, the site has re­cently un­der­gone sig­nif­i­cant in­vest­ment and com­prises a three-storey sta­dium, 500-yard race track, car park and ken­nels.

The venue has a fully-fit­ted cater­ing kitchen, 240-seat restau- rant and view­ing gallery, betting of­fices and pri­vate of­fices with pas­sen­ger lift ac­cess.

It also in­cludes an ad­di­tional 3,000 sq-ft en­ter­tain­ment venue that cur­rently has plan­ning per­mis­sion for a casino and, to the rear of the sta­dium, there is 7.5 acres of agri­cul­tural land, laid across three fields.

Lynn Tay­lor, char­tered sur­veyor at Lis­ney Belfast, said: “Only 15 miles from Let­terkenny, Lif­ford Grey­hound Sta­dium and the ad­join­ing land will ap­peal to a range of in­vestors from both the north and south, keen to cap­i­talise on such a unique busi­ness and devel­op­ment op­por­tu­nity.

“The site is sit­u­ated just off the N14 ar­te­rial route be­tween Let­terkenny and Stra­bane, fa­cil­i­tat­ing con­ve­nient ac­cess and a wide catch­ment area.

“We are ex­pect­ing a high level of de­mand from both busi­ness op­er­a­tors and po­ten­tial in­vestors, due to the sig­nif­i­cant in­vest­ment in the venue to date, com­bined with the range of poten- tial al­ter­na­tive uses,” she added. Mean­while, in Drum­beg, which is home to Drumbo Grey­hound Sta­dium, a nearby plot of land to the rear of the for­mer Charley Memo­rial School has gone on the mar­ket.

The land, ac­cord­ing to agents Lis­ney, pro­vides prime devel­op­ment op­por­tu­ni­ties, sub­ject to plan­ning.

Lo­cated at 141 Ballyskeagh Road, the 0.48 acres of rec­tan­gu­lar-shaped land lies be­tween Belfast and Lis­burn.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.