96 Duncrue Street, Belfast BT3 9AR

Offers around £2,500,000
Investment Property (2.4 acres) For Sale
Offers around £2,500,000

Contact the Agent

Campbell Cairns

Campbell Cairns

028 9024 9024 Show Phone Number Call The Agent
Email The Agent

Email the Agent

Please check you have entered all details correctly:


We've sent your enquiry to Campbell Cairns.

You can also reach them on the number listed above.

Key Information

Price Offers around £2,500,000
Style Investment Property
Status For sale


This agent has listed the accuracy as: Exactly Right

Additional Information


Modern single let industrial investment property.


Located in a strategic position in the prime industrial area of Duncrue adjacent to Belfast Harbour Estate.


40,815 sq ft of warehouse and offices on a site of 2.4 acres.


Let to Devenish Nutrition Ltd for a term of 15 years.


Passing rental £171,000 pax subject to upward only rent reviews in line with CPI.


Guide price - £2.5million reflecting a net initial yield of 6.43%.


Long term development potential.



Northern Ireland has a population of approximately 1.8 million people and is one of Europe’s youngest and fastest growing countries. More than 40% of the population are aged 29 and under.


Belfast is not only the capital city but also the largest urban area in Northern Ireland with a population of approximately 281,000 persons. The wider Belfast Metropolitan Area has a population extending to approximately 650,000 persons.



The property occupies an excellent position within Belfast’s main industrial location, known as Duncrue, less than 2 miles from Belfast City Centre adjacent to Belfast Harbour Estate.


The property is close to Belfast Port and Belfast City Airport with excellent transport links. It is adjacent to the M2 Motorway providing direct road access to all of Ireland.



The property comprises warehousing and offices on a concrete surfaced site secured by metal palisade fencing and benefits from substantial frontage to Duncrue Street.

The majority of the site is occupied by warehouse and factory premises with a separate two storey office building to the front. Car parking is located around the perimeter.



We estimate the site area to be approximately 2.4 acres.




                                                            Area sq ft                  Area sq m


Main Warehouse/Factory                        27,000                    2,508.30

Offices                                                       5,475                       508.63

Workshop                                                  1,500                       139.35

Detached Warehouse                                 4,500                       418.05

Grain silo housing – 1                                   891                        82.80

Grain silo housing - 2                                 1,449                      134.69


Total Area                                               40,815                   3,791.82



The entire property is let on a single lease.


Term: 15 years from 01/12/2017 subject to upward only rent reviews every 5 years.


Rent: £171,000 per annum exclusive.


Review Basis: The rent review is upward only to the greater of the passing rent or the indexed rent in line with the All Items Consumer Prices Index.


Repair: Full repairing limited by a Schedule of Condition.


Tenant Break Option:  The Lease incorporates a TBO at 30th November 2027 subject to 6 months prior written notice.



The tenant is Devenish Nutrition Limited which is a Northern Ireland based company whose principal activity is the development, manufacture and supply of quality nutrition products to the agri-foods sector, exporting to over 30 countries including the USA.


The company continues to show strong financial growth and offers an excellent financial covenant. Further details available upon request.



We are advised that the entire site is freehold.



We are seeking offers in the region of £2.5million which reflects a net initial yield of 6.43% assuming purchasers costs of 6.33%.


Assuming CPI rises at 2% per annum the reversionary yield following the Rent Review in 2022 will rise to 7.1% (£188,798 pax) and in 2027 to 7.8% (£208,448 pax).


Assuming CPI rises at 3% per annum the reversionary yield following the Rent Review in 2022 will rise to 7.5% (£198,236 pax) and in 2027 will rise to 8.6% (£229,810 pax).



Prices, outgoings and rent do not include VAT which may be chargeable.



Strictly by appointment through Campbell Cairns (Tel: 028 9024 9024).



Main Warehouse       C60

Store                       C66

Workshop                C59

Offices                     C51

Share this property with your friends

Good Work!

Your email is winging its way to

Wanna be a little social too?

Total Views

(since advertised)


Listing Views

Date Views Unique Views Featured Published
25th May 0 0 No No
26th May 0 0 No No
27th May 0 0 No No
28th May 0 0 No No
29th May 0 0 No No
30th May 0 0 No No
31st May 0 0 No No
1st Jun 0 0 No No
2nd Jun 0 0 No No
3rd Jun 0 0 No No
4th Jun 0 0 No No
5th Jun 0 0 No No
6th Jun 0 0 No No
7th Jun 0 0 No No
8th Jun 0 0 No No
9th Jun 0 0 No No
10th Jun 0 0 No No
11th Jun 51 51 No Yes
12th Jun 44 44 No Yes
13th Jun 23 23 No Yes
14th Jun 17 17 No Yes
15th Jun 18 18 No Yes
16th Jun 6 6 No Yes
17th Jun 18 18 No Yes
18th Jun 8 8 No Yes
19th Jun 15 15 No Yes
20th Jun 6 6 No Yes
21st Jun 11 11 No Yes
22nd Jun 7 7 No Yes
23rd Jun 3 3 No Yes

Are you selling this property?

Find out how to make your property stand out more, increase your views and get twice the exposure as a standard listing!

  • Get twice the exposure than a standard listing
  • Attractive design with banner and additional photographs
  • Get to the top of the search results (Featured only)
  • Choose the Featured or Premium Option or both
Increase Your Views
a week

Spotted a Problem? Even the best agents make mistakes, help us to maintain accurate property information on our listings.  Report a problem »

Back to top