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For Sale

Donegall House, Donegall Square North, Belfast, Antrim, BT1 5GB

Offers Over

£11,250,000

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Investment
C 60
EPC Rating

Location of Donegall House

Donegall House is situated at the junction of Donegall Place and Donegall Square North and is surrounded by a strong representation of national multiple retailers including Marks & Spencer, Next, Boots, Oasis, Footlocker, Easons and the Belfast Visitor & Convention Bureau.

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features

  • Unique opportunity to acquire landmark building in Belfast city centre
  • Mixed use fully let investment opportunity
  • Strong tenant line-up to include Nationwide Building Society, Barclays Bank plc, Davy, Moore Stephens and Hays Recruitment
  • Passing Rent £577,106 per annum with strong reversionary potential
  • Future redevelopment opportunity (subject to planning)

description

Originally developed in 1968 as a landmark building, the property underwent refurbishment in 2013 with subsequent works to the lifts in 2016.

The office accommodation is accessed via a designated entrance on Donegall Square North and provides accommodation over first to sixth floors.

The ground floor has frontages onto both Donegall Place and Donegall Square North. The building is constructed from a reinforced concrete frame on piled foundations with pre-casted concrete panels with inset aluminium windows.

An additional lift is located in the stairwell onto Donegall Place (currently decommissioned).

The property is multi-let on effective full repairing and insuring terms in accordance with the schedule of accommodation and tenancies. The property currently provides a total gross rental income of £577,106 per annum exclusive.

Property Costs

  • Status: For Sale
  • Offers Over£11,250,000
  • Stamp Duty: £0*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer here for more information.

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in association withUlster Bank
10%
years
%
£48,338.3 per month
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Contact Agent

Osborne King
The Metro Building

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