In­dus­trial spa­ces flood Belfast prop­erty mar­ket

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

LAND and units in a num­ber of prom­i­nent North­ern Ire­land in­dus­trial es­tates have gone on the mar­ket.

They in­clude a prime sin­gle-let unit and 2.4 acres of space next to Belfast Har­bour Es­tate, one unit in Der­riaghy Busi­ness Park, stor­age on Ten­nant Street, a site at Monkstown In­dus­trial Es­tate in New­town­abbey and a com­mer­cial yard and ware­hous­ing in Car­ry­duff.

A prop­erty de­vel­op­ment op­por­tu­nity has also be­come avail­able in east Belfast where land on the Glen Road has en­tered the mar­ket at £275,000.

The site, just off the Knock dual car­riage­way, al­ready has full plan­ning per­mis­sion for the de­mo­li­tion of ex­ist­ing build­ings and the con­struc­tion of seven apart­ments.

A clinic and li­brary for­merly oc­cu­pied the site at 16-18 Glen Road.

Mean­while, the num­ber of in­dus­trial es­tate spa­ces flood­ing the mar­ket span all ar­eas of Belfast.

The largest of the se­lec­tion is a site in Monkstown In­dus­trial Es­tate. The to­tal fa­cil­ity cov­ers 165,000 sq ft and con­sists of two main build­ings cov­er­ing 15 acres, 290 marked car park­ing spa­ces and ca­pac­ity for fur­ther de­vel­op­ment sub­ject to plan­ning.

Listed by Mcconnell Char­tered Sur­vey­ors and Prop­erty Con­sul­tants, the owner/oc­cu­pier site is due to close in this month and is ex­pected to be avail­able with va­cant pos­ses­sion by Septem­ber.

Mcconnell di­rec­tor Fraser McConnell said: “It is a big fa­cil­ity and I wouldn’t rule out in­vestor in­ter­est in pur­chas­ing, let­ting off and fur­ther de­vel­op­ing the sur­plus land.”

And in Co Down, a com­mer­cial yard, ware­hous­ing, stores and a bun­ga­low cov­er­ing seven acres is for sale in Car­ry­duff. Listed by Tim Martin, the space on Hills­bor­ough Road “is sold with va­cant pos­ses­sion” and “pro­vides an ideal op­por­tu­nity for use as a dis­tri­bu­tion cen­tre or in­vest­ment”. Prices around £475,000 are be­ing sought.

And a mod­ern sin­gle let in­vest­ment prop­erty in Dun­crue has come on the mar­ket with a guide price of £2.5m.

With 40,815 sq ft of ware­house space and of­fices cov­er­ing 2.4 acres, the site is cur­rently leased to Devenish Nu­tri­tion for a term of 15 years with pass­ing rent of £171,000. Con­sid­ered an “out­stand­ing free­hold in­vest­ment”, 96 Dun­crue Street is listed by Camp­bell Cairns.

And in west Belfast two in­dus­trial opportunities have come on the mar­ket — a light in­dus­trial unit to let in Der­riaghy’s City Busi­ness Park and a unit on Ten­nent Street.

A site at Monkstown In­dus­trial Es­tate has gone on the mar­ket

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