49-51 Donegall Place & 42-46 Fountain Street, Belfast | Property for sale | Savills
6,367.01 to 6,367.01 m²
Price on application

49-51 Donegall Place & 42-46 Fountain StreetBelfast

  • Sole agency
  • Virtual freehold

Key features

  • Prominent mixed-use office and retail building extending to c.68,534 sq. ft.
  • Over 86% of the gross income secured against tenants of minimum/low risk.
  • 68% of income derived from offices.
  • WAULT of 4.57 years to lease expiry and 2.24 years to break.
  • Tenants include DV8, Waterstones, ESO Solutions & A&L Goodbody.
  • Gross income of £893,251 per annum and a net income of £885,077 per annum.
  • Tenure 950 year long leasehold title at peppercorn rent.

100% LET REVERSIONARY OFFICE INVESTMENT OPPORTUNITY

About this property

  • The property comprises mixed use office and retail accommodation over six floors, extending to approximately 68,534 sq. ft. The ground floor comprises two retail units currently occupied by DV8 and Waterstones. DV8 benefits from extensive frontage on to Donegall Place whilst Waterstones benefits from frontage onto Fountain Street. Waterstones also features an in-house Ground Espresso Cafe located on the first floor, which further attracts increased footfall. Both units benefit from a high level of pedestrian footfall. The office accommodation dominates the upper floor use extending to 48,724 sq. ft over part first to sixth floor. Access to the office accommodation is via a dedicated entrance off Fountain Street which benefits from a refurbished lobby, 2 passenger lifts, and a stairwell providing access to each floor. The reception is modern, bright and spacious. The office suites benefit from an abundance of natural light due to significant glazing to each elevation as well as the introduction of an internal light-well into the structure. ESO Solutions currently occupy part of the second and the third floor, which comprise open plan, flexible workspace, with industrial style, exposed services ceilings. The accommodation was fitted-out in 2021 to provide a contemporary office fit-out with spacious reception area, substantial kitchen and bar with loose seating area as well as a tiered seating area for staff breakout and/or use as a presentation space. ESO are currently seeking to increase their footprint within the building. A&L Goodbody occupy the fourth, fifth and sixth floors, which comprise traditional office accommodation with suspended ceilings and a combination of raised access flooring with perimeter trunking. The accommodation provides largely open plan space to the fourth & sixth floors with a range of meeting rooms, private offices and boardroom across the fifth floor. A spacious corporate reception area and large kitchen facility are provided at fifth floor level. The building has been finished to provide occupiers with: Generous, refurbished entrance foyer with manned reception desk 2 passenger lifts WC facilities Air conditioning Raised access flooring supplemented by perimeter trunking

Local information

  • The property is prominently situated in the heart of Belfast City Centre on Donegall Place, in close proximity to Belfast City Hall and numerous multi-storey car parks.
  • It is approximately a 5-minute walk from Great Victoria Street Bus & Rail Terminus; home to the new Belfast Transport Hub development, a £150M investment that will see an estimated increase in passenger numbers from 8million to 14million once completed.
  • The property is located on the premier shopping street of Belfast City Centre, and is a few minutes away from the main shopping area of Victoria Square, as well as being a stone’s throw from the vibrant arts, food and drink culture of the Cathedral Quarter.