Bow House, a prominent mixed-use investment property in the centre of Lisburn, has gone on the market with CBRE NI, with offers invited in excess of £2,500,000.
Extending to approximately 36,591 sq ft, the property comprises five ground-floor retail units with office accommodation across two upper floors. Current occupiers include The Department of Finance, Iceland Foods, O2, Vodafone, and Card Factory.
Andrew Coggins, Senior Director at CBRE NI, said:
“Bow House is an excellent example of a well-balanced investment asset that combines stable income with strong future potential.
“The property’s established tenant base, strong location, and attractive yield profile make it a highly attractive proposition for investors seeking exposure to Northern Ireland’s resilient commercial property market.”
Situated on Bow Street, Lisburn’s prime retail pitch, Bow House represents a high return commercial investment opportunity generating a net annual rent of £285,861 and reflecting an attractive net initial yield of approximately 10.77%.
Mark Patterson, Partner at OKT, said:
“We are confident that the asset’s solid income profile and strong occupier mix will appeal to investors looking for a well-managed, future-proof asset.
“Its location on Bow Street, the city’s most established retail destination, has ensured high levels of footfall and tenant demand over the years.”
For further information, please contact CBRE NI or joint agent, OKT (O’Connor Kennedy Turtle).