Keeping you up to date with the latest news and opinions from the NI property market

Showing all blog posts filed under Commercial

27

Nov

Draft Non Domestic Valuation List – Net Annual Values

Posted on 27th November 2014  |   Add a comment

Draft Non Domestic Valuation List – Net Annual Values

Land & Property Services (LPS) has completed the revaluation of all non-domestic properties in Northern Ireland for rates purposes. A Schedule of Draft Rateable Values is now available to view. These values will be used to assess rate bills from April 2015 onwards. Currently non domestic (business) rate bills are based on 2001 rental values. From April 2015 they will be...

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6

Oct

One of Northern Ireland's oldest shopping malls for sale at £26m ... but new owners will have to pay

Posted on 6th October 2014  |   Add a comment

One of Northern Ireland's oldest shopping malls for sale at £26m ... but new owners will have to pay

One of Northern Ireland's best known shopping centres is on the market with a price tag of £26m. Connswater Shopping Centre is east Belfast, which is mainly home to discount retailers, has become the latest mall here to look for new ownership. But any prospective buyer has been warned the acquisition brings with it an annual £60,000 rent to use a bridge...

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24

Sep

Popular Belfast cafe put up for sale by owner - spilling the beans on coffee culture

Posted on 24th September 2014  |   Add a comment

Popular Belfast cafe put up for sale by owner - spilling the beans on coffee culture

Coffee shop and ice-cream parlour Cafe Mauds on Belfast's Lisburn Road has been put on the market, the Belfast Telegraph can reveal. Cafe Mauds is being sold as "a going concern" and has been described in a classified advertisement as a "hugely successful, profitable cafe prominently located in south Belfast". It's understood the cafe will also be placed for sale through agents...

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2

Feb

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29

Sep

Lower rate call to fill up shops

Posted on 29th September 2011  |   Add a comment

Lower rate call to fill up shops

Local authorities have been urged to reduce rates to halt increasing numbers of town centre shops going empty in Northern Ireland. A new report into the commercial property market also revealed a lack of office development in the centre of Belfast, which it is claimed could create a shortage of Grade A space and have an impact on the ability to...

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2

Sep

Interest runs high in Yorkshire's only speculative commercial build

Posted on 2nd September 2011  |   Add a comment

Interest runs high in Yorkshire's only speculative commercial build

Developers of the only speculative commercial premises currently available in Yorkshire – a 50,480sq.ft. development set in 2.7 acres at Melton West Business Park, near Hull – have reported a steady flow of enquiries from across the UK. Contractors for Wykeland Group, the Hull-based commercial property development specialists, have just put the finishing touches to their ‘flexi-built’ unit, the latest to...

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22

Jun

NI Rates Revaluation postponed until 2015

Posted on 22nd June 2011  |   Add a comment

Finance Minister Sammy Wilson today announced his decision not to proceed with the revaluation of non domestic properties, planned for April 2011. Speaking about his decision, the Minister said: “I announced last year that I was postponing the revaluation of non domestic properties until 2011. I had taken this decision in light of the instability in the local commercial property market,...

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22

Jun

Prime city office space is snapped up

Posted on 22nd June 2011  |   Add a comment

  The building has 22,000 sq ft of office accommodation A Seven storey building in Belfast city centre has been let in one of the biggest office deals in recent times.  Osborne King, a commercial property consultant in Belfast, negotiated the deal for 20 Adelaide Street on behalf of their clients Farrelly and Mitchell, a financial services firm in Dublin.  The building has 22,000...

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22

Jun

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