Bow House, 61-73 Bow Street

• Lisburn is located 9 miles south west of Belfast and benefits from a catchment population in excess of 227,000 people.
• Lisburn has excellent road communications via the M1 motorway network and junctions 6 and 7.
• The subject property is located within the city centre on Bow Street, the prime retail pitch in Lisburn.
• The property comprises a 3 storey building, arranged to provide 5no. ground floor retail units and upper floor office accommodation.
• Let to occupiers including; The Department of Finance, Iceland Foods, O2, Vodafone, Card Factory and Smart Bargains.
• Currently providing a gross rent of £322,000 per annum and a net rent of £318,790 per annum.
• The scheme extends to 36,591 sq ft.
• The investment provides a WAULT of 2.08 years term certain and 3.25 years to lease expiry.
• We understand the property is held freehold.
• We are instructed to seek offers in excess of £2,250,000 (Two Million and Two Hundred and Fifty Thousand Pounds Sterling) for our clients freehold interest excluding VAT. A purchase at this level would reflect an attractive net initial yield of 13.32% (assuming purchasers cost of 6.33%).

The property comprises a 3 storey building, arranged to provide 5no. ground floor retail units with rear ancillary accommodation. The upper floors provide office accommodation over 2 floors accessed from Bow Street.

The property is of concrete frame construction. Internally, the retail units have been fitted out to each of the tenants own specification. The two upper floors, occupied by The Department of Finance and Personnel, are fitted out to a traditional office specification to include a mixture of cellular and open plan space. The offices benefit from a large entrance lobby and a passenger lift
(recently upgraded), servicing all floors.

There is a service yard to the rear which can be accessed from a number of units.