The Belfast office of Lambert Smith Hampton is quoting £385,000 sterling for a retail investment in the successful Park Centre, on Donegall Road, where the M1 Motorway reaches Belfast. Unit 33, a single shop unit of 1,070 sq. ft, is currently let as an outlet for the giant stationery and present group, Birthdays Limited, at a rent of £29,000. The price quoted suggests a net initial yield of 7.2 per cent. Zone "A" levels in the Park Centre are currently at around £50 per sq. ft.
£385,000 expected for Belfast retail investment
The Belfast office of Lambert Smith Hampton is quoting £385,000 sterling for a retail investment in the successful Park Centre…
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