News - Northern Ireland

A highly-prominent car showroom site in Lisburn has been brought to market by leading property agency Lisney.

The 4,033sq ft dealership at Market Place in the city, which is let to Ford Retail Ltd, trading as the Mazda brand, has an asking price of £650,000.

Constructed around 1995, the two-storey showroom sits in the centre of Lisburn and includes a forecourt to the front of the property.

Stephen Chambers, Associate Director, Investment at Lisney commented:

“This sale represents a great opportunity to purchase a property with an excellent tenant at a popular lot size”

 “With neighbouring occupiers including Trust Ford and Roadside Peugeot, the showroom is ideally situated on the edge of Lisburn’s main retail core”

“The property is fully let and has more than 10 years to run on its current lease, at a passing rent of £48,000 per annum, and we expect the investment to attract strong interest at a net initial yield of 7%.”

The site has direct access from Market Place and includes 30 car parking and display spaces.

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