16acres
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Hillhall Road, Lisburn, BT27 5JQ
New
For
Sale
File Ref: 9412
Redevelopment Opportunity with Income
Short Term Income producing £304,650 p.a.
Site extends to c. 16.2 acres
The site is approximately one mile to the west of the M1 Motorway junction at Lisburn and three miles from the Sprucefield junction.
The subject consists of approximately 16.2 acres to include land, and existing warehouse units.
The warehouse units include approximately 69,000 sq ft currently under lease to Sysco Foods NI at £250,000 per annum until the 23rd of October 2025.
The second element of warehouse space totals approximately 46,000 sq ft with a current income of approximately £54,670 per annum.
See brochure for further details on tenancies
| Price: | Offers over £5,000,000 |
| Title: | Assumed freehold or long leasehold subject to a nominal ground rent |
Site & Proposed Development
The site extends to c. 16.2 acres
Planning
Plans have been prepared providing illustrative design options for the site to understand the development potential of the lands, along with a planning appraisal of these options.
The site currently includes an established storage and distribution business along with other employment/business uses. The appraisal concludes that the site has redevelopment potential given its current use and there is potential for the site to be redeveloped for similar uses, including Class B2 light industrial and Class B4 Storage and Distribution. The development options provide an indicative layout for buildings on the site. The design options also present an opportunity for environmental improvements as part of the redevelopment. The appraisal includes a review of the potential traffic impact of the options based on the indicative floorspace potential on the site and taking account of the nature of the proposed uses. This identified the potential to develop the site without intensifying traffic levels onto the surrounding road network.
The planning appraisal can be provided upon request.
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT.
Hillhall Road, Lisburn, BT27 5JQ
The subject is situated between Belfast and Lisburn, on the north side of the Hillhall Road / B23, providing access to Belfast and Northern Ireland’s main road network.
Lease Details
See brochure for further details on tenancies
Sales Details
| Price: | Offers over £5,000,000 |
| Title: | Assumed freehold or long leasehold subject to a nominal ground rent |
Site & Proposed Development
The site extends to c. 16.2 acres
Planning
Plans have been prepared providing illustrative design options for the site to understand the development potential of the lands, along with a planning appraisal of these options.
The site currently includes an established storage and distribution business along with other employment/business uses. The appraisal concludes that the site has redevelopment potential given its current use and there is potential for the site to be redeveloped for similar uses, including Class B2 light industrial and Class B4 Storage and Distribution. The development options provide an indicative layout for buildings on the site. The design options also present an opportunity for environmental improvements as part of the redevelopment. The appraisal includes a review of the potential traffic impact of the options based on the indicative floorspace potential on the site and taking account of the nature of the proposed uses. This identified the potential to develop the site without intensifying traffic levels onto the surrounding road network.
The planning appraisal can be provided upon request.
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT.
Hillhall Road, Lisburn, BT27 5JQ
The subject is situated between Belfast and Lisburn, on the north side of the Hillhall Road / B23, providing access to Belfast and Northern Ireland’s main road network.