Forestside Shopping Centre, Belfast, BT8 6FX
£37,000,000
Tour
Description & Features
Forestside Shopping Centre is the dominant shopping centre in South Belfast and is considered the city’s premier out of town retail scheme. The scheme extends to approximately 336,532 sq. ft and comprises over 35 ground floor retail units in addition to mall kiosks. The centre was constructed in 1997 and has been designed and constructed in a linear, double-sided configuration.
The centre is anchored by a 80,058 sq. ft Sainsburys to the north axis, and a 81,614 sq. ft Marks and Spencer, as well as a 56,969 sq. ft Dunnes Stores to the south axis. All three stores are held on a long leasehold, full details of which are made available in the data room. The interest includes the petrol filling station located on the other side of Upper Galwally, which is also held on a long lease by Sainsbury’s.
The centre further boasts an exceptional range of national and global retailers including Boots, Next, H&M, Superdrug, and Waterstones to name a few. The majority of the units front inwardly onto
- Fully let.
- Belfast's premier out of town shopping centre.
- 81% of the gross income secured against tenants of minimum/below average risk.
- Extends to approximately 336,532 sq. ft and comprises over 35 retail units.
- Anchor tenants include Marks & Spencer, Dunnes Stores, & Sainsburys.
- Total site measures approximately 14.24 acres (5.76 hectares).
- Full Planning Permission for the development of 3 restaurant units/coffee pods.
- Gross income of £3,656,328 pa and a net operating income of £3,537,972 pa.
- WAULT to expiry of 4.24 years (3.50 years to break).
- Held majority freehold.
Housing Tenure
Type of Tenure
Not Provided
Location of Forestside Shopping Centre
Belfast is the capital of Northern Ireland and is the second largest city on the island of Ireland after Dublin. Belfast enjoys excellent transport infrastructure and is well connected to the rest of
Legal Fees Calculator
Making an offer on a property? You will need a solicitor.
Budget now for legal costs by using our fees calculator.
Solicitor Checklist
- On the panels of all the mortgage lenders?
- Specialists in Conveyancing?
- Online Case Tracking available?
- Award-winning Client Service?