Fri, 12 Oct 2018 | BUSINESS SALE
Bow Street Mall in Lisburn, one of Northern Ireland's best-known shopping centres, is up for sale with an asking price of £18 million.
Property agents McKibbins and Savills have been appointed to handle the sale and have described the supermarket as “the dominant retail offer” in the city. It is said that the initial net yield that the purchaser can expect is 10.77 per cent.
Michael Hopkins, a partner in McKibbin Commercial, said: "McKibbin Commercial and Savills are delighted to be instructed to sell this substantial city centre shopping centre and expect strong demand from local and national buyers who seek to improve and revitalise this prime city centre asset."
The centre is home to a number of popular retailers including Primark, Dunnes Stores, Poundworld and Menarys.
The population of the catchment surrounding Bow Street Mall is 672,600 people, with an annual footfall of 3.2 million. The financial status of the catchment population is described as "comfortable", though "skewing towards some of the most prosperous household groups in the UK".
Other tenants of the shopping centre also include JD Sports, New Look, Ann Summers and Costa Coffee.
First built in 1988, the shopping centre spans 341,137 sq ft centre and consists of 55 retail units, five anchor units and a food court. The centre also features a multi-storey car park with 1,010 spaces.
Since the sale of CastleCourt last year, Bow Street Mall is the first major shopping centre to hit the market.
The centre had previously featured as part of the property portfolio of KFC franchise holder Michael Herbert.
For more news stories about businesses for sale, click here. For all our business sale listings, click here.
One of the leading independent stockists of nursery equipment for all budgets. Large showroom displaying a vast range of prams, buggies, car seats, cots and furniture. Stockists of major brands including i-Candy, Britax, Cybex, Venicci and more.
LEASEHOLD
Located within Linthorpe, a popular residential suburb of Middlesbrough in North Yorkshire in the North East of England. The business is prominently situated on the main road and easily accessible via local transport links with close proximity to the...
FREEHOLD
This is a fantastic opportunity to purchase a well established, profitable, ebike retail business situated on the edge of Dartmoor, Devon. The business started in 2000 and has grown from strength to strength, they have created a very loyal customer b...
FREEHOLD
04
|
Apr
|
WPP buys data collaboration platform InfoSum | BUSINESS SALE
WPP has bought data collaboration platform InfoSum to boost ...
03
|
Apr
|
Cambrian Training Group chooses employee ownership | BUSINESS SALE
Cambrian Training Group is celebrating its 30th birthday by ...
03
|
Apr
|
Mobeus sells investment in Star Brands after boosting EBITDA by 15X | BUSINESS SALE
Equity investor Mobeus has sold its investment in Star Brand...
04
|
Apr
|
WPP buys data collaboration platform InfoSum | BUSINESS SALE
WPP has bought data collaboration platform InfoSum to boost ...
03
|
Apr
|
Whitworths Food Group buys oils group KTC Edibles | BUSINESS SALE
Northamptonshire-based Whitworths Food Group is buying KTC E...
03
|
Apr
|
Mobeus sells investment in Star Brands after boosting EBITDA by 15X | BUSINESS SALE
Equity investor Mobeus has sold its investment in Star Brand...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.