HOTEL/LEISURE/COMPLEMENTARY RETAIL OPPORTUNITY

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Tamsin Heath
5 years ago
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PARK Site 1 0.49 hectares (1.22 acres) Site 2 0.45 hectares (1.13 acres) CONTACT: Michael Hopkins Email: mph@mckibbin.co.

1 ON INSTRUCTIONS OF BELFAST CITY COUNCIL HOTEL/LEISURE/COMPLEMENTARY RETAIL OPPORTUNITY OR OTHER USES WHICH ARE COMPLEMENTARY TO THE SPORTS VILLAGE DEVELOPMENT OPPORTUNITY SITES BOUCHER ROAD BELFAST GATEWAY SITE AT OLYMPIA SPORTS VILLAGE & NATIONAL STADIUM AT WINDSOR PARK Site hectares (1.22 acres) Site hectares (1.13 acres) CONTACT: Michael Hopkins mph@mckibbin.co.uk Brian Wilkinson bw@mckibbin.co.uk MCKIBBIN COMMERCIAL Callender House Upper Arthur Street Belfast BT1 4GJ T: E: property@mckibbin.co.uk

KEY CONSIDERATIONS As a result of the recent redevelopment of the National Stadium at Windsor Park and the Olympia Leisure Centre, two sites fronting onto Boucher Road are to be released to the

As part of the overall Masterplan for the Sports Village outline planning permission was granted for the subject lands in March 2015 (expiring March 2018) - one for a three storey hotel and the other

2 KEY CONSIDERATIONS As a result of the recent redevelopment of the National Stadium at Windsor Park and the Olympia Leisure Centre, two sites fronting onto Boucher Road are to be released to the market for development. The Council is offering the sites of 0.49 hectares (1.22 acres) and 0.45 hectares (1.13 acres) by way of new 125 year leases. As part of the overall Masterplan for the Sports Village outline planning permission was granted for the subject lands in March 2015 (expiring March 2018) - one for a three storey hotel and the other for single storey commercial use for bulky goods retail. The Council as landlord would however particularly welcome other proposals which complement the sports village such as hotel, commercial, leisure or food and beverage uses. Interested parties are invited to submit their proposals for the sites in accordance with the information presented in this Development Brief. CITY OF BELFAST Belfast is Northern Ireland s Capital City and is the financial, administrative and judicial centre for the province. The City has a resident population of some 339,000 and a Metropolitan Area population of approximately 670,000 Belfast serves as a regional gateway with important links to other European cities and is the largest hub of the transport system in Northern Ireland. The city benefits from excellent transportation networks with easy access to the M1 and M2 Motorway networks and is served by two major airports, Belfast International Airport and George Best City Airport.

DESCRIPTION The National Stadium at Windsor Park, Northern Ireland s national football stadium has recently been redeveloped to provide an 18,000 capacity stadium.

3 DESCRIPTION The National Stadium at Windsor Park, Northern Ireland s national football stadium has recently been redeveloped to provide an 18,000 capacity stadium. A new Belfast City Council leisure centre with spa facility and adjoining the stadium opened in January 2017 and a sports village including redevelopment of Linfield Football Club s Midgley Park is due for completion in May The former leisure centre has been demolished and 3G pitch relocated. The opportunity now exists to complement and further enhance the major sport led regeneration that has taken place at this location. Two commercial sites adjoining the sports village/stadium and fronting onto Boucher Road and accessed from a new boulevard, are being released to the market. These sites present an opportunity for hotel or commercial leisure uses that maximize upon the synergies of the adjoining stadium and sports village development and which benefit from the location on Boucher Road, which is a prime commercial and leisure location. A virtual fly-through video of the sports village is available at LOCATION The sites occupy a prime location fronting onto the Boucher Road, approximately 2 miles to the south west of the city centre and with excellent connections to the M1 Motorway and wider road network. The Adelaide stop on the Belfast Lisburn railway line is approximately 0.5 miles away. The sites are positioned at the entrance to Olympia sports village which comprises public 3G pitch, play area, Linfield Football Club pitch at Midgley Park, Olympia Leisure Centre and the National Stadium at Windsor Park, via a new tree-lined boulevard. The sites are surrounded on other sides by commercial uses. NOT TO SCALE

SITE AREA The sites comprise total areas of approximately:- Site 1 c. 0.49 hectares (1.22 acres) Site 2 c. 0.45 hectares (1.

4 SITE AREA The sites comprise total areas of approximately:- Site 1 c hectares (1.22 acres) Site 2 c hectares (1.13 acres) PLANNING Planning Permission was granted on 30 th March 2015 for a Masterplan for the redevelopment/regeneration of the Olympia Leisure Complex to include the subject sites for commercial units (Site 1) and hotel (Site 2) under Planning Reference: Z/2014/0587/0. We understand that this Outline Planning Permission expires on 30 th March The successful developers will be required to obtain full planning permission including any other statutory approvals to permit the proposed developments. Interested parties can direct any planning enquiries to the Planning Department in Belfast City Council on TERMS OF LEASE The sites approved are available on new 125 year leases, subject to annual ground rent or initial premium at lease commencement. The sites will be subject to development in accordance with an Agreement for Development and Lease. The developers will be required to meet a timeframe for planning and build completion, with Title to be transferred on completion. Further information on the Title for the sites are available to interested parties on request. HOTEL/LEISURE OPPORTUNITY Given the nature of the sports village site the Council, whilst not seeking to be prescriptive, would like to see complementary uses such as hotel, leisure, food and beverage, or sports related retail. Local Government Districts published by NISRA show that, tourism to Belfast was worth 334m in 2016 (39% of the Northern Ireland tourism economy) and has developed a wide range of attractions for visitors including Titanic Belfast, which was voted the World s leading tourist attraction in 2016 (World Travel Awards). In 2016, Belfast hotels reported occupancy rate of 79.5% and revenues increased by 9.2% with the strong performance and optimism in the sector resulting in increased investment.

SUBMISSION REQUIREMENTS/DATE FOR RECEIPT OF SUBMISSIONS Initial submissions should be received before 12 noon on Friday 25 th May 2018.

5 SUBMISSION REQUIREMENTS/DATE FOR RECEIPT OF SUBMISSIONS Initial submissions should be received before 12 noon on Friday 25 th May Submissions are to be sent in an envelope labelled Olympia Sports Village and delivered to the offices of McKibbin Commercial, Upper Arthur Street, Belfast, BT1 4GJ or by to Submissions are required to include the following:- An outline indication of rental offer for a new 125 year lease and/or capital premium. Development proposals, scheme details, sketch plans (1:200) and programme (estimated dates for commencement and completion); Details of proposed development team; Source of funding and its availability for project development; Precis of the developers/operators relevant past experience and capability to undertake the work and manage the resultant development. Brief statement on planning approach and any advice obtained. FURTHER INFORMATION For further information and a copy of the design criteria please contact either: Michael Hopkins Brian Wilkinson mph@mckibbin.co.uk bw@mckibbin.co.uk Tel: Tel: Mob: Mob: CONDITIONS OF SALE The sites are offered, either individually or jointly, on the basis of this Development Brief with transfer of title on the basis of 125 year lease and a reviewable ground rent, (reviewable every five years) or alternatively by a premium at Lease commencement, upon satisfactory completion of the development. The financial return to the Council is measured as a statutory requirement as the Council has to achieve best value in any disposal. An Agreement for Development and Lease will be entered into by the successful party which will detail the contractual agreement with Belfast City Council until completion of the development. The Council would require a deposit of 10,000 which will only be refundable in the event of the refusal of planning permission. This Development Brief is intended to provide information on the nature of the sites, anything contained herein is to be treated accordingly and is not to be construed a representation on the part of Belfast City Council or its agents. All matters contained in this Development Brief are Subject to Contract. Belfast City Council is not bound to accept or proceed with any offer pursuant to this Development Brief and reserve the right to negotiate with any bidder to obtain further information and/or clarification on the detail of any submitted bid. Expenditure incurred in preparing and submission of proposals is not refundable. Given the nature of the sports village, the Council may consider some uses to be unsuitable such as industrial, motor trade or other uses which would not be complimentary to the sports village. The Council is not obliged to accept any offer. McKIBBIN COMMERCIAL PROPERTY CONSULTANTS CHARTERED SURVEYORS Callender House Upper Arthur Street Belfast BT1 4GJ T: E: property@mckibbin.co.uk

FOR SALE BY PRIVATE TREATY C. 9,770 sq ft / 900 sq m. Washington Bar and Restaurant 21 Howard Street, Belfast, BT1 6NB

FOR SALE BY PRIVATE TREATY C. 9,770 sq ft / 900 sq m Washington Bar and Restaurant Investment Highlights Long established business Prime location in Belfast City Centre Includes both bar and restaurant