RETAIL TO LET 41-51 ROYAL AVENUE BELFAST BT1 1FD
Summary Belfast is Northern Ireland s capital city and the second largest settlement on the Island of Ireland 268,323 people live in the city while 650,958 live in the wider metropolitan area. Belfast has a catchment of over 1 million people within a 30 minute drive time. 43.9% of the population is under the age of 30, with the city s working age population accounts for over 60% of the total population. Belfast is ever increasing as a major retail destination with annual retail spends in excess of 2 billion per year. Belfast has been ranked fifth in the UK for retail trading conditions and fourth for consumer confidence. (Gerald Eve, Prime Retail Report).
Location Travelling to Belfast is as easy and as cheap as it has ever been making it an increasingly popular tourist destination. The George Best City Airport is less than a ten minute drive by car and Belfast International Airport is approximately a 30 minute car journey from Belfast City Centre. Both of these Airports provide daily direct flights to the UK and numerous European Cities to include Amsterdam, Paris, Barcelona, London, Edinburgh, Nice, Krakow, etc. Travelling within Belfast could also not be easier with the property being located only a two minute walk from the City s main bus halt and taxi rank, located in Donegall Square. Public car parking is also available in close proximity, as the car park at Castle Court and Queen Street are both on the doorstep and a number of other multi-storey schemes are within comfortable walking distance. Situation The property occupies a very prominent location along Royal Avenue, one of the best and busiest retail thoroughfares in Belfast city centre. Royal Avenue links Donegall Place to the Castle Court Shopping Centre. The building occupies a superb retail position, being located directly opposite the entrance to the Castle Court Shopping Centre. Occupiers in the vicinity are mainly national and multinational retailers to include Zara, Bravissimo, H&M, Republic, Gap, Debenhams and Schuh footwear. Description 41-51 Royal Avenue has been redeveloped to provide for a prime retail unit within Belfast City Centre, while retaining its listed façade.
Accommodation 41-51 Royal Avenue provides retail accommodation with the following approximate net internal area: FLOOR AREA (sq ft) AREA (sq m) Ground Floor 1,894 176 Lease Terms The unit is available to let on a new FRI lease for a term of 15 years subject to upward only rent reviews every five years. VAT All figures are exclusive of VAT which may be payable thereon. Service Charge Tenant responsible for payment of a service charge to cover the Landlord s outgoings in connection with the building insurance and agent s management fees. Agent s management fees are calculated at 5% of the annual rent plus VAT. Rent Inviting offers in the region of 85,000 per annum. Rates Rates to be assessed.
For further information please contact: Brian Kidd M: 07885 739063 E: bkidd@frazerkidd.co.uk Stephen Reid M: 07775 924283 E: stephenr@frazerkidd.co.uk Telfair House, 87/89 Victoria Street, Belfast, BT1 4PB T: 028 9023 3111 F: 028 9024 4859 E: mail@frazerkidd.co.uk W: www.frazerkidd.co.uk Disclaimer Frazer Kidd LLP for themselves and for the vendors of this property whose agents they are, give notice that (I) The particulars are set out as a general outline for the guidance of intending purchasers or lessees, and do not constitute part of an offer or contract; (ii) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (Iii) No person in employment of Frazer Kidd LLP has any authority to make or give representations or warranty whatever in relation to this property.