St George's Building, 37-41 High Street

• The property occupies a highly prominent and central location on High Street.
• Mixed-use office and retail building extending to approximately 17,681 sq ft.
• WAULT of 3.96 years to lease expiry and 3.19 years to break.
• Over 87% of the income derived from offices.
• Gross income of £284,500 per annum and a net income of £255,407 per annum.
• Over 72% of the gross income secured against tenants of minimum/low risk.
• Held Freehold.

FULLY LET MIXED USE INVESTMENT OPPORTUNITY

Combining period charm with modern commercial functionality, this prominent city centre property presents an excellent opportunity for investors or occupiers seeking a distinctive building in a highly accessible and vibrant location.

St Georges building is a prominent mid-terrace commercial building of traditional masonry construction with a mansard style roof with dormer windows. The property extends to 17,685 sq ft in total over ground, first, second and third floors.

Designed in 1881 by Thomas Jackson and Son in Italianate style, the property is listed B1 under reference HB26/50/188. The property underwent extensive refurbishment in 2019 by the current vendors.

The façade is finished in painted white render with contrasting dark architectural detailing. At ground floor level, the building accommodates two retail/commercial units across 2,508 sq ft and benefits from extensive frontage and display glazing, enhancing visibility and accessibility.

The upper floors comprise of 15,177 sq ft of office accommodation, accessed via a bright and contemporary 
entrance hall, which has been refurbished to a high standard.  The second-floor office accommodation features the former boxing ring from the 1960’s as a unique focal point, framed by ornate Victorian detailing, decorative ironwork and skylit ceiling. A combination of modern open plan and cellular offices surround the former boxing ring, seamlessly integrating with the historic fabric of the building. 

The upper floors are accessed via a central staircase and feature newly refurbished accommodation including new kitchens, WC and shower facilities. The accommodation provides a generous mix of open plan areas and partitioned meeting rooms, providing flexible & efficient workspace.

The building is fully occupied by two retail tenants and five office occupiers, however the vendor is willing to surrender the lease on the third-floor office suite which extends to 4,305 sq ft, if required by a purchaser seeking occupation. A full tenancy schedule can be made available upon request. 

Directions

The property is situated on one of Belfast's busiest thoroughfares and benefits from substantial pedestrian and vehicular traffic throughout the day.

The immediate area is characterised by a diverse mix of office, retail, hospitality and leisure occupiers including The Merchant Hotel, Victoria Square, River House, Lidl, The Post Office and a range of professional service firms, restaurants, cafés and bars. The asset also lies within easy walking distance of Belfast’s principal retail pitches.

Accessibility is a key attribute of the location, with numerous Metro bus routes serving High Street, and Belfast Grand Central Station within walking distance. In addition, the nearby Hi-Park multi-storey car park provides over 500 parking spaces, offering convenient access for occupiers and visitors alike.