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42-46 Fountain St

70,490 SF 100% Leased Office Building Belfast BT1 5EF £13,300,000 (£189/SF) 6.93% Net Initial Yield

Executive Summary

The property is prominently situated in the heart of Belfast City Centre on Donegall Place, in close proximity to Belfast City Hall and numerous multi-storey car parks. It is approximately a 5-minute walk from Great Victoria Street Bus & Rail Terminus; home to the new Belfast Transport Hub development, a £150M investment that will see an estimated increase in passenger numbers from 8million to 14million once completed.

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Building Size
70,490 SF
Building Class
B
Year Built/Renovated
1987/2010
Price
£13,300,000
Price Per SF
£189
Net Initial Yield
6.93%
NOI
£921,828
Percent Leased
100%
Tenancy
Multiple
Number of Floors
7
Typical Floor Size
10,325 SF

Amenities

  • Roller Shutters
  • Roof Terrace
  • Storage Space
  • Air Conditioning
  • Balcony

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • A & L Goodbody
  • -
  • 8,475 SF
  • -
  • Feb 2028
  • Solsys
  • -
  • -
  • -
  • -
  • -
  • 15,900 SF
  • -
  • -

Waterstones began in 1982 under the aegis of its founder, Tim Waterstone. Over the decades that have followed, they have grown to become an icon of the British cultural landscape. As the last surviving national bookshop chain, under the helmsmanship of Managing Director James Daunt, they are proud to have fought off the perceived threat of e-readers and online competition to begin a program of active expansion. Recent years have seen fresh shops open around the country and sites either move or be upgraded. With recent openings including Reigate, Clifton and moves to far more attractive locations for our shops in Edinburgh and Manchester’s Trafford Centre, our plans continue to be ambitious.

Tenant Industry SF OCCUPIED RENT/SF Lease End
A & L Goodbody - 8,475 SF - Feb 2028
Solsys - - - -
- 15,900 SF - -
  • Listing ID: 31886616

  • Date on Market: 25/08/2022

  • Last Updated:

  • Address: 42-46 Fountain St, Belfast BT1 5EF

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