Sinclair House

Sinclair House – Iconic Grade B+ Listed Investment Opportunity in Belfast City Centre

CPS Property is delighted to present Sinclair House, an iconic Art Deco office building situated on a prominent corner of Royal Avenue and North Street in the heart of Belfast City Centre. CPS Property are asking for an expression of interest from a perspective buyer or investor to host the existing tenants on significant lease term of 3-5 years while the new owners achieve planning permission to develop the commercial property into a residential portfolio, full details are available upon request.

Sinclair House was built in 1926 and extensively refurbished, the property provides high-quality office accommodation over four floors, with development potential and strong investment fundamentals.

Located on Royal Avenue, within walking distance of the new £350m Ulster University Campus, this Grade B+ listed building benefits from proximity to over 20,000 students and staff, excellent transport links, and surrounding regeneration projects including the £100m Belfast Stories development: ‘Belfast Stories’ Development — Belfast City Centre Management

This rare opportunity combines secure income, asset management potential, and future development options. In addition to the current investment profile, interested parties may consider:

• Acquiring Sinclair House with development opportunities, including the potential to renew planning for 30  Student apartments see: https://planningregister.planningsystemni.gov.uk/application/455151
• Entering into a joint venture with the existing proprietors to maximise the value of the building.
• Incorporating a nearby car park in the immediate vicinity as part of a wider acquisition or development strategy.
• Outline Plans already drawn up for a 5^th Floor extension agreed with Heritage bodies.

Key Features:

• Iconic Grade B+ listed building with Art Deco façade and clock pediment
• Prime Belfast City Centre location, minutes from Ulster University and transport links
• Approximately 15,708 sq ft of refurbished industrial-style offices across 1st–4th floors
• Flexible open-plan layouts with exposed ceilings, wooden flooring, and pendant lighting
• Passenger lift, stairwell, and bike storage facilities
• Ground floor retail (Tesco & Café Nero) sold off on long leaseholds
• Strong tenant mix including Mammoth Design Consultants, Callow Event Management, and legal/accountancy firm
• Significant development potential including apartment use (subject to planning renewal is part of the expression of interest data availavble)
• Option for joint venture with proprietors
• An additional nearby car park is available for acquisition is required

Accommodation Presently Comprises:

Tenant Belfast one

1st Floor (Offices):

• Office 1 – 1,340 sq ft (let to Nigel V Skillen, lease renewal ongoing)
• Office 2 – 1,162 sq ft (new lease agreed at £15,000 p.a.)
• Office 3 – 1,261 sq ft (let to Belfast BID at £16,000 p.a., break clause in 2027)

2nd Floor:

• Suite 1 – 1,367 sq ft (Callow Event Management, occupied, willing to sign new 5-year lease)
• Suite 2 – combined with 3rd & 4th Floor Suite 1 (Mammoth Design Consultants, 8,632 sq ft, willing to sign new 5-year lease)

4th Floor:

• Suite 2 & 3 – 1,946 sq ft vacant, quoting £29,190 p.a.

Total ERV: £219,150.78 per annum

�� Floodplans & section drawings available upon request.

Local Regeneration & Investment Context:

• £350m Ulster University Belfast Campus (completed 2022)
• £100m Belfast Stories cultural redevelopment (completion 2030)
• 3,000+ new PBSA (student beds) delivered in City Centre in last 4 years
• Ongoing Grade A office schemes nearby: The Sixth, City Quays, etc.

�� Contact [email protected] today for further information or to arrange a confidential discussion regarding acquisition or indeed a joint venture option which is available.