Blog » Major property portfolio listed for £4.7m

Major property portfolio listed for £4.7m

A substantial investment portfolio with a combined asking price of nearly £5m has been listed by Lisney.

The seven properties, situated in rural locations across Northern Ireland, total over five acres.

With a combined asking price of £4.7m, the portfolio’s units are in Clough, Dromara and Drumaness, as well as two in Killyleagh and two in Crumlin.

Five of the units are currently being leased to Spar owner, Henderson Retail, and are made up of a filling station and convenience store with additional retail units and residential development opportunities.

The property agent is also offering some of the units to be sold off in lots with the properties at 4-6 Downpatrick Road and 1-6 Irish Street, Killyleagh, available in one, two or three lots, and 119-125 Drumaness Road is potentially available in one or two lots.

Director at Lisney Northern Ireland, David McNellis, said: “This is a really interesting portfolio to come to the market, particularly as all but two of the seven opportunities are let to Henderson Retail Ltd, with 18 remaining years on the lease.

“Each of these assets generate significant income every year, however, with asset management strategies, there is potential to further grow the income generated.

“Acting as the sole agent on behalf of the seller, we are expecting significant interest from local investors given the combination of commercial and residential assets.

“These assets present an excellent opportunity for investors.”