“This is a unique building with historic character and exceptional potential”
A landmark property in Belfast city centre has been brought to market with offers sought over £7,000,000.
Commercial property agent CBRE NI has announced that Ross’s Court is on the market, presenting a unique opportunity for investors to acquire a “high-profile city centre holding offering both secure income and significant redevelopment potential”.
Occupying a prime location on William Street South beside Victoria Square, with additional access from Arthur Place and Montgomery Street, the ground floor currently houses retailers Mango and Russell & Bromley.
READ MORE: Belfast hotel awarded Northern Ireland’s first ‘Michelin Key’ statusREAD MORE: Primark Ballymena: Fairhill Shopping Centre shares update on opening of NI’s newest store
CBRE said the retail investment on ground level and the vacant space can be purchased separately.
The upper floors of the property are well-suited to a variety of alternative uses, including hotel, aparthotel, hostel, residential, office or flexible serviced offices, subject to planning.
Andrew Coggins, Senior Director at CBRE NI, said: “Ross’s Court offers a rare prospect to acquire a substantial income-generating asset in the heart of Belfast.
“The most recent quarterly report produced by CBRE NI revealed that retail assets were the standout performer in the Northern Ireland market, accounting for 78% of all investment spend. Against this backdrop, Ross’s Court comes to the market at an excellent time.
“With established covenants in place and clear redevelopment potential, this property is well positioned to appeal to investors seeking long-term value in a strengthening city centre market.”
The property currently produces a gross annual income of £304,800 and is surrounded by leading global brands such as Hugo Boss, Apple, Frasers, JD Sports, Lifestyle Sports, Fat Face and Molton Brown – benefitting from a prime retail and leisure district.
Shaun Collins, Investment Director at Martin Property Group added: “We are pleased to bring Ross’s Court to the market with CBRE NI. This is a unique building with historic character and exceptional potential.
“We anticipate strong interest from local and international investors hoping to capitalise on Belfast’s strong city centre retail environment.”
Ross’s Court is located within walking distance of Belfast City Hall, major hotels and Victoria Square Shopping Centre, with excellent access to nearby public transport hubs and parking facilities.
For all the latest news, visit the Belfast Live homepage here and sign up to our daily newsletter
#Landmark #Belfast #city #centre #property #prime #retail #location #market #7million
