The former site of the Balmoral Fruit Market has been brought to the market today by commercial property agents Lambert Smith Hampton and McKibbin, with offers invited in the region of £8.5m.
The prime development land has a short term income of £210,000 per annum. It is approximately 7 acres in size and one of the few sites on the Boucher Road with no ground rents payable.
The Boucher Road area, located in South Belfast, parallel to the M1 Motorway and the Lisburn Road, is the premier ‘out of town’ retail warehousing, trade counter and showroom district in Northern Ireland.
A number of prominent retail schemes are based in the area including Shane Retail Park, Boucher Retail Park, Boucher Plaza and Boucher Square/Crescent. The Boucher Road area is also a well-known location for car showrooms with most prominent brands located in the area including BMW, Mercedes, Range Rover, Jaguar, Ferrari and Bentley.
Douglas Wheeler of Lambert Smith Hampton, said:
“This is an exciting development opportunity in one of Belfast’s most notable retail and warehousing areas and we are pleased to bring it to the market today. The lands occupy a prime location fronting onto the Boucher Road, approximately 3 miles to the south west of the city centre and with excellent connections to the M1 Motorway and wider road network. The mix of retail and showroom uses, together with the accessibility, are some of its major strengths.
“The site forms part of the old Balmoral Fruit Market and all the buildings have now been cleared. The property has several accesses from Balmoral Road and represents an anomaly within this land use context representing one of the last remaining sites within the area which has not yet been brought forward for commercial retail or leisure use, subject to planning.”
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