Frazer Kidd acting on behalf of our landlord client have successfully completed a TRIO of transactions in respect of a prime retailing premises situated in Lisburn City Centre.

 

The property situated between River Island and Specsavers fronting onto Lisburn’s prime retailing pitch was acquired by Frazer Kidd on behalf of our client.   

The property which was purchased with vacant possession, comprised of a spacious open plan ground floor of approximately 2,819 sq ft with a highly visible double shop frontage and first floor staff & storage facilities. 

After a period of marketing in a challenging retail market, Frazer Kidd successfully negotiated a letting of the entire property to nationwide high street retailer CEX for a period of 10 years. 

Frazer Kidd acting alongside Joint Agent Inprio, were then instructed to place the property on the market For Sale inviting offers in the region of £410,000 reflecting a NIY of 7.02%. The sale was agreed within 2 weeks at £455,000 reflecting a NIY of 6.31% and all of the legalities were completed within 4 weeks by our client’s solicitor, Dawson McConkey at Carson McDowell.

Frazer Kidd are currently acting on behalf of several clients who are seeking similar returns on an investment, if you wish to speak with us regarding an investment opportunity please get in touch with one of the Frazer Kidd team on 028 90233 111.