Excellent Flagship Retail Opportunity Belfast City Centre

Excellent
Flagship Retail
Opportunity
Belfast City Centre
Unit 1/2 Donegall Arcade,
Castle Place, Belfast
CGI image of possible shop front option, subject to planning
Excellent
Flagship Retail
Opportunity
Unit 1/2
Donegall Arcade,
Castle Place, Belfast
ACORN PROFILES
Location
(12%)
Belfast is the capital city and retail centre
(34%)
(21%)
of Northern Ireland with a total catchment
population of approximately 1.4 million
people within a 30 minute drive time.
(5%)
(28%)
Wealthy Achievers
Hard Pressed
Belfast has an excellent communications
network; the M2 motorway provides
access to the north towards Antrim and
Londonderry, whilst the M1 provides
access to the south and west of the
province towards Lisburn and Dublin.
Castle Place is one of the city centres
busiest shopping streets, strategically
located between the city’s two
main shopping centres CastleCourt
and Victoria Square.
Urban Prosperity
Comfortably Off
Moderate Means
Neighbouring occupiers include:
4x
The market potential of other
centres in Northern Ireland
Belfast ranks 21st within the UK in terms of comparison
goods spend. This places the city just behind Bristol and
ahead of Cardiff and the Metro Centre. In Ireland the
city is ranked second to Dublin.
1,477,029
Belfast’s catchment has significantly higher levels of family
based ACORN groups than the UK average.
Top 25
Total catchment population
CACI ranked town
UK RANK
RF CENTRE
CLASSIFICATION
COMPARISON
GOODS SPEND (£m)
17
Edinburgh
Principal Centres
618.4
18
Kingston Upon Thames
Premium London Conurbation Towns
607.0
19
Reading
Principal Centres
584.2
20
Bristol
Principal Centres
575.6
21
Belfast
Principal Centres
572.2
22
Gateshead Metrocentre
Large Regional Malls
537.1
23
Dudley Merry Hill
Large Regional Malls
532.3
24
Cardiff
Principal Centres
523.4
25
Croydon
Premium London Conurbation Towns
514.0
26
Brighton
Principal Centres
504.7
Strong
Family-based catchment
Excellent
Flagship Retail
Opportunity
Unit 1/2
Donegall Arcade,
Castle Place, Belfast
Description
The property currently provides ground floor
sales accommodation with ancillary accommodation
at first floor. There is sufficient height to allow
trading from first floor if required.
The property benefits from extensive frontage
to Castle Place with returns on both the internal
of Donegall Arcade and Lombard Street.
Accommodation
GROUND FLOOR
Area = 6,020 FT2
GROUND FLOOR
6,020 SQFT (559.27 SQM)
FIRST FLOOR
5,293 SQFT (491.73 SQM)
TOTAL
11,313 SQFT (1,051.00 SQM)
Consideration may be given to subdivision
of the unit. Further details available on request.
Lease Details
RENT
£235,000 per annum, exclusive
TERM
Negotiable, subject to periodic review.
SERVICE CHARGE
A service charge will be levied to cover the cost
of maintenance and upkeep of the building.
The estimated service charge payable for the
current year is £26,686.52, exclusive.
RATEABLE VALUE
We are advised by Land & Property
Services of the following:
NAV £290,000
Rate in the £ 2015/16 0.5734
Rates payable £166,286
VAT
All prices and outgoings are quoted exclusive
of VAT, which may be payable at the prevailing rate.
FIRST FLOOR
Area = 5,293 FT2
Excellent
Flagship Retail
Opportunity
Unit 1/2
Donegall Arcade,
Castle Place, Belfast
Plan
EPC
The property has a rating of D-94.
A full copy of the certificate is available on request.
For further information and viewing please contact:
Alana Coyle
T 028 9043 6927
E alana.coyle@cbre.com
Nicky Finnieston
T 028 9050 1554
E nfinnieston@lisney-belfast.com
Stuart Moncur
T 0131 226 8754
E stuart.moncur@eur.cushwake.com