The 2014 Northern Ireland Commercial Property Report has revealed that retail vacancy rates across towns and cities have fallen to 17.7% in 2014 from 19.1% the previous year. The report, published today by leading commercial property agents Lisney, is the most comprehensive and longest established study of the commercial property market in Northern Ireland across […]
Land & Property Services (LPS) has completed the revaluation of all non-domestic properties in Northern Ireland for rates purposes. A Schedule of Draft Rateable Values is now available to view. These values will be used to assess rate bills from April 2015 onwards. Currently non domestic (business) rate bills are based on 2001 rental values. […]
One of Northern Ireland’s best known shopping centres is on the market with a price tag of £26m. Connswater Shopping Centre is east Belfast, which is mainly home to discount retailers, has become the latest mall here to look for new ownership. But any prospective buyer has been warned the acquisition brings with it an […]
Coffee shop and ice-cream parlour Cafe Mauds on Belfast’s Lisburn Road has been put on the market, the Belfast Telegraph can reveal. Cafe Mauds is being sold as “a going concern” and has been described in a classified advertisement as a “hugely successful, profitable cafe prominently located in south Belfast”. It’s understood the cafe will […]
Local authorities have been urged to reduce rates to halt increasing numbers of town centre shops going empty in Northern Ireland. A new report into the commercial property market also revealed a lack of office development in the centre of Belfast, which it is claimed could create a shortage of Grade A space and have […]
Developers of the only speculative commercial premises currently available in Yorkshire – a 50,480sq.ft. development set in 2.7 acres at Melton West Business Park, near Hull – have reported a steady flow of enquiries from across the UK. Contractors for Wykeland Group, the Hull-based commercial property development specialists, have just put the finishing touches to […]
Finance Minister Sammy Wilson today announced his decision not to proceed with the revaluation of non domestic properties, planned for April 2011. Speaking about his decision, the Minister said: “I announced last year that I was postponing the revaluation of non domestic properties until 2011. I had taken this decision in light of the instability […]
The building has 22,000 sq ft of office accommodation A Seven storey building in Belfast city centre has been let in one of the biggest office deals in recent times. Osborne King, a commercial property consultant in Belfast, negotiated the deal for 20 Adelaide Street on behalf of their clients Farrelly and Mitchell, a […]
The Secretary of State has said a phased reduction in Northern Ireland’s corporation tax would be “sensible”. Owen Paterson said reducing the rate gradually over time would benefit the local economy, even if it meant millions of pounds were lost from Northern Ireland’s block grant from Westminster. “I think the sensible way to do this […]