Co Down waste plant and car show­room in Lis­burn on the mar­ket

Belfast Telegraph - Business Telegraph - - News - BY MAR­GARET CAN­NING

A 12-ACRE site in Moira, Co Down — which in­cludes a por­tion with plan­ning per­mis­sion for an en­ergy from waste plant — has gone on the mar­ket.

Com­mer­cial prop­erty agents CBRE are sell­ing the lands at 211, 213 and 215 Moira Road, close to the Halftown Cross­roads junc­tion.

An ad­ver­tise­ment said the agents un­der­stand that some of the site in­cludes land which “has ben­e­fit of plan­ning per­mis­sion for the de­vel­op­ment of an en­ergy from waste gasi­fi­ca­tion plant and as­so­ci­ated out­build­ings”.

Plans emerged for the en­ergy from waste plant in 2010, with Scan­di­na­vian com­pany En­er­gos win­ning plan­ning per­mis­sion three years later.

How­ever, the plant did not go ahead.

CBRE said it would not be com­ment­ing on the pro­posed sale.

Mean­while, a prom­i­nent car show­room let to Ford for its Mazda brand has been put on the mar­ket for £650,000.

The two-storey show­room, which was built in 1995, sits in the cen­tre of Lis­burn and in­cludes a fore­court to the front of the prop­erty.

The 4,033 sq ft deal­er­ship at Mar­ket Place is let to Ford Re­tail.

Stephen Cham­bers, as­so­ciate di­rec­tor for in­vest­ment at Lis­ney, said: “This sale rep­re­sents a great op­por­tu­nity to pur­chase a prop­erty with an ex­cel­lent ten­ant at a pop­u­lar lot size.

“With neigh­bour­ing oc­cu­piers in­clud­ing Trust Ford and Road­side Peu­geot, the show­room is ide­ally si­t­u­ated on the edge of Lis­burn’s main re­tail core.

“The prop­erty is fully let and has more than 10 years to run on its cur­rent lease, at a pass­ing rent of £48,000 per an­num, and we ex­pect the in­vest­ment to at­tract strong in­ter­est at a net ini­tial yield of 7%.”

The site has di­rect ac­cess from Mar­ket Place and in­cludes 30 car park­ing and dis­play spa­ces.

Mean­while, agency Os­borne King is con­tin­u­ing to seek prop­er­ties to be sold at its auc­tion on Oc­to­ber 17. Bid­ding for an on­line auc­tion opens at 9am, while a phys­i­cal auc­tion will be­gin at the olympic suite of the Clay­ton Ho­tel in Belfast at 11am.

New en­trants to North­ern Ire­land like UK busi­ness All­sop and Ir­ish busi­ness Bidx1 have dis­rupted the mar­ket by hold­ing on­line auc­tions, which are held at a lower cost than tra­di­tional auc­tions.

OK di­rec­tor Mark Car­ron said the busi­ness had prof­ited from ball­room auc­tions.

He said: “Our last ball­room auc­tion was in March when we did £7m in sales.”

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