Savills Northern Ireland is delighted to present to the market an exceptional mixed-use property located at 49-51 Donegall Place & 42-46 Fountain Street. This property represents a premier investment opportunity in the heart of Belfast, currently fully let and benefiting from its position in a prime city centre location.
Spanning approximately 68,534 sq. ft over six floors, the property includes two ground floor retail units occupied by high-footfall tenants DV8 and Waterstones. DV8 enjoys extensive frontage on Donegall Place, while Waterstones, featuring an in-house Ground Espresso Cafe on the first floor, benefits from Fountain Street frontage.
The office accommodation, comprising 48,724 sq. ft from the first to the sixth floor, provides a modern, bright, and spacious environment. The offices boast natural light, a refurbished lobby, two passenger lifts, and modern amenities conducive to high productivity and work comfort. Key tenants include ESO Solutions and A&L Goodbody, enhancing the property's value with their stable occupancy.
Savills is proud to offer this property with a sale price available on application (POA). With a gross rental income of £893,251 per annum and a net income of £885,077, the property promises a stable investment. Approximately 86% of the gross income is secured against tenants of minimum or lower than average risk, with a Weighted Average Unexpired Lease Term (WAULT) of 4.57 years to lease expiry and 2.24 years to break.
A spokesperson for Savills NI commented, "This sale offers a rare opportunity to invest in a high-quality asset located in Belfast’s vibrant commercial heart. The city's growing status as a key business and cultural hub in the UK and Ireland, combined with the property's strong tenant lineup and high rental yield, makes this an investment not to be missed."