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.
Bring to the market this leasehold specialist car sales and servicing facility located in Horncastle, Lincolnshire. The trade was established as a limited company in 2005.
LEASEHOLD
Bringing to the market this denim and casual wear retailer, boating a user friendly comprehensive online presence.
Located in the southern end of Weston Park Road in the heart of the popular and sought after residential area of Peverell in Plymouth. It is a busy arterial route which leads onto Mutley Plain and thereafter off the city centre of Plymouth and, as s...
LEASEHOLD
22
|
Nov
|
Redsquid going national after new funding and acquisition | BUSINESS SALE
IT managed service provider (MSP) Redsquid is going national...
21
|
Nov
|
Omega Plastics in management buy-out | MBO/MBI
Gateshead-based plastics group Omega Plastics Group has unde...
21
|
Nov
|
Antrim-based Texthelp buys EdTech peer Scholarcy | BUSINESS SALE
Texthelp Group, an Antrim-based Edtech has bought peer Schol...
22
|
Nov
|
Redsquid going national after new funding and acquisition | BUSINESS SALE
IT managed service provider (MSP) Redsquid is going national...
21
|
Nov
|
Ecommerce group Velstar seals third 2024 acquisition | BUSINESS SALE
Liverpool-based ecommerce specialist, Velstar, has made its ...
21
|
Nov
|
Antrim-based Texthelp buys EdTech peer Scholarcy | BUSINESS SALE
Texthelp Group, an Antrim-based Edtech has bought peer Schol...
Business Sale Report is your complete solution to finding great 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.