Ground Floor Retail Unit, Merchant Square, 12-14 Wellington Place

DESCRIPTION

The subject property benefits from a glazed frontage and internally it may be handed over as is or to a shell specification, to be agreed.  The unit is suitable for a variety of retail and commerical uses subject to any required statutory planning consents.

LOCATION

The subject property occupies a prominent position on Wellington Place in Belfast City Centre, directly adjacent to Merchant Square. Belfast has an estimated shopping catchment of approximately 1 million people within a 20-minute drive-time of the City Centre. Merchant Square accommodates PWC’s largest office outside of London providing over 200,000 sq. ft. of office space for approximately 3,000 employees.

Extensive student accommodation is located nearby including Swanston House, John Bell House and the Elms providing over 2,000 beds to meet the increase in demand for Queens University Belfast and the new University of Ulster Belfast Campus.

Occupiers within the building include PWC, Pronuptia, Home, Stix and Stones, Stix and Stones butchery and deli and Urban Fresh.

ACCOMMODATION

Floor           Sq Ft         Sq M

Ground       2,717         252.4

LEASE DETAILS

Rent: £72,500 per annum exclusive

Term: Subject to negotiation

The space will be offered on effective Full Repairing and Insuring terms via service charge.

RATEABLE VALUE

We are advised by Land & Property Services that the Net Annual Value of the Property is £55,800. The current commercial rate in the point is £0.626592 (2025/26). Therefore, the rates payable for 2025/2026 are estimated to be £34,963.83.

Interested parties are advised to make their own enquiries in respect of rates.

VAT

All prices and outgoings are exclusive of VAT, which is chargeable.

SERVICE CHARGE

A service charge will be levied to cover a fair proportion of the cost of external repairs and maintenance, security and upkeep of common areas, management etc. Current year estimate £3.10 psf + VAT.

INSURANCE

An incoming tenant will be responsible for reimbursing a fair proportion of the landlord’s building insurance premium.