METRO BUILDING | 6-9 Donegall Square South, Belfast, BT1 5JA
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METRO BUILDING | 6-9 Donegall Square South, Belfast, BT1 5JA METRO BUILDING | 6-9 Donegall Square South, Belfast, BT1 5JA LISNEY | +44 2890 501 501 | www.lisney.com OSBORNE KING | +44 028 9027 0000 | www.osborneking.com INVESTMENT SUMMARY METRO BUILDING | 6-9 Donegall Square South, Belfast, BT1 5JA • LANDMARK GRADE A CITY CENTRE OFFICE BUILDING WITH SIGNIFICANT REVERSIONARY POTENTIAL • DEVELOPED TO A MARKET LEADING SPECIFICATION IN 2003 • NET INTERNAL AREA OF 6,467 SQ M (69,611 SQ FT) AND A GROSS INTERNAL AREA OF 10,450 SQ M (112,483 SQ FT) ARRANGED OVER GROUND AND EIGHT UPPER FLOORS • 50 DEDICATED UNDERGROUND CAR PARKING SPACES • STRONG TENANT LINE UP INCLUDING CAPITA, YELL, JOHNSTON PUBLISHING AND OSBORNE KING • LOW PASSING RENT OF £1,288,630 WHICH EQUATES TO AN AVERAGE OF £16.91 PSF ON THE UPPER FLOOR OFFICES. • WAULT OF 5.27 YEARS TO EXPIRY AND 2.28 YEARS TO BREAK • PRIME LOCATION IN BELFAST’S CENTRAL BUSINESS DISTRICT • OFFERS INVITED IN EXCESS OF £21,000,000 WHICH REFLECTS A NET INITIAL YIELD OF 5.75% AND REVERSIONARY POTENTIAL OF 7.37% AND A CAPITAL VALUE OF £302 PER SQ FT. METRO BUILDING | 6-9 Donegall Square South, Belfast, BT1 5JA LOCATION THE METRO IS LOCATED IN BELFAST Belfast has an excellent infrastructure network and is well connected to CITY CENTRE, THE CAPITAL OF the rest of Ireland and to mainland UK. George Best City Airport is located NORTHERN IRELAND. BELFAST IS approximately 4 miles (6 Km) from the city centre with Belfast international THE 15TH LARGEST CITY IN THE UK Airport approximately 23 miles (37 Km) north-west. AND SECOND LARGEST ON THE ISLAND OF IRELAND AND LIES In addition Belfast has a large In recent years Belfast has seen a APPROXIMATELY 100 MILES (161 commercial port that is also used for high level of private and public sector KM) TO THE NORTH OF DUBLIN. passenger ferry services with regular investment, with a number of key urban sailings to Scotland, England and Wales. regeneration and transport projects ongoing and planned improving the Belfast has good road communications overall area. being positioned within close proximity to the M2 linking the North and West of One key project is the redevelopment of the Province and the M1 which links with the Northside area of the city centre to Dublin in the South. accommodate the relocation of the Ulster University Jordanstown Campus into The two principal railway services in the the city centre providing an injection of city centre include Great Victoria Street more that £250m in the city centre and and Belfast Central, the latter of which bringing an estimated 15,000 additional provides a direct link with Dublin. students and staff into the city centre. FINANCIAL SERVICES COMPANIES ARE ATTRACTED TO BELFAST BY THE COMPETITIVE COST BASE AS WELL AS ACCESS TO TALENT WITH A PIPELINE OF OVER 5,000 GRADUATES EACH YEAR LISNEY | +44 2890 501 501 | www.lisney.com OSBORNE KING | +44 028 9027 0000 | www.osborneking.com York Street METRO BUILDING | 6-9 Donegall Square South, Belfast, BT1 5JA METRO BUILDING | 6-9 Donegall Square South, Belfast, BT1 5JA son Brougham St Nel Queen's Island Crum re lin R New Lodge et eet oad tr D Street ock Whitla S Street York t Westlink Titanic Quarter We stli nk et elson Stree et Clifto tre N n St 4 reet elson S Frederi N Agnes Stre n Street ck Street 10 11 ratio Do o negall Street Corp Shank eld ill Road fi Shankill Mill 1. VICTORIA SQUAREWestlink Victoria Peter's eet Hill 2. BELFAST CITY HALL Donegal Quay 1 North Street Donegall Street Street 2 nd Str 7 M3 rla 3. CENTRAL TRAIN STATION 3 Vict Royal Aven 8 ori umbe 4. NEW TRANSPORT HUB North Street a t Street M3 North tree 5. LAGANSIDE BUS CENTRE ld 9 6 ue aring S Ox Clonard llfie W 5 th Street 9 for Middlepa Mi et 12 6. ST GEORGE’S MARKET d Divis Stree S t High Stre treet 7. ULSTER UNIVERSITY Bridge End CAMPUS Ann Street 5 C olle Done 8. GREAT VICTORIA STREET ge Av 1 STATION & EUROPA BUS e gall Place nu Oxford CENTRE e Sho ollege Square North College C Street Short Strand 9. CASTLECOURT SHOPPING rt Stra Lower Falls ester Street CENTRE Durham Street Chich Mo Square East Wellington Place nd untp 10. INVEST NI otti 7 2 n ger Westlink May Street Road Howard Street treet Albertb 6 ridge Street ridge Gre East B idge Street Roa Grosvenor Road Bedford Street MarketsEast Br d A501 at Vic 3 Royal Victoria Cromac S toria Street Hospital Sa Cas 8 tlerea ndy Ro 4 t gh RoyalRoyal Maternity Victoria 10 Street HospitalHospital w Hop e Street B mac Stree 1. ULSTER BANK 7. EUROPA HOTEL ruce Stre Ormeau Av Cro ridge et ersb Road enue Be Royal Belfast Grea 2. BANK OF IRELAND 8. NYSE (EURONEXT) Hospital for Sick Westlink t Victoria Str t Victoria Children Sandy Row 3. BELFAST CITY COUNCIL HQ 9. GRAND CENTRAL HOTEL O rmeau Em 4. WATERFRONT HALL 10. KPMG ba eet n Dublin Road km ent 5. DANSKE BANK Wo 11. PINSENT MASONS M1 M1 Donegallass Pass ods Donegall P tock 6. BELFASTWillowfield CITY HALL 12. BBC BROADCASTING HOUSE R egall Road oa 500 m Don d Donegall Road M1M1 1 : 11 799 Map data © OpenStreetMap contributors Botanic Av Lagan LISNEY | +44 2890 501 501 | www.lisney.com OSBORNE KING | +44 028 9027 0000 | www.osborneking.com METRO BUILDING | 6-9 Donegall Square South, Belfast, BT1 5JA METRO BUILDING | 6-9 Donegall Square South, Belfast, BT1 5JA SITUATION BELFAST’S THE METRO BUILDING IS LOCATED IN BELFAST’S PRIME OFFICE LOCATION ON THE PRESTIGIOUS DONEGALL SQUARE FACING BELFAST CITY HALL. ADJACENT OFFICE ECONOMY BUILDINGS INCLUDE THE NORTHERN IRELAND HEADQUARTER BUILDINGS FOR BANK OF IRELAND, DANSKE AND ULSTER BANK. FINANCIAL SERVICES COMPANIES ARE ATTRACTED TO BELFAST BY THE There are several high profile developments ongoing in the vicinity including a 110,000 sq ft office COMPETITIVE COST BASE AS WELL AS ACCESS TO TALENT WITH A PIPELINE OF OVER 5,000 GRADUATES EACH YEAR ACROSS A RANGE OF RELEVANT redevelopment next door and the BBC’s £77m investment in Broadcasting House and the new 300 bed DISCIPLINES INCLUDING FINANCE, ACCOUNTING, ECONOMICS, LAW AND Grand Central Hotel. Additionally the proposed redevelopment of the Belfast Transport Hub will be of COMPUTING. sufficient capacity to provide for anticipated growth from the present 6.7m passenger journeys through the facilities to c. 13m by 2030. The city has a number of specialisms including asset management, financial services technologies, fund administration operations and risk, regulation and ADJACENT OFFICE BUILDINGS compliance. The Fintech industry employs in excess c80% driving investment in the sector of 36,000 people with major financial with over 1/3 more hotel capacity being INCLUDE THE NORTHERN institutions such as Citigroup, PWC, added throughout 2017/2018 in 7 new Santander and Barclays having hotels adding around 1,200 more rooms. IRELAND HEADQUARTERS headquarters in the city. A talented and strong labour market, low Tourism is also a main driver of the local cost base and good quality of life are FOR BANK OF IRELAND, economy with in excess of 1.5m tourists driving global companies to consider visiting the city in 2016 spending over Belfast as a base. DANSKE AND ULSTER BANK. £334m. Hotel occupancy in 2016 was 1.3m 45k 1.3 million tourists per annum 45,000 Students NI could have the second highest population growth NI education system is among the best performing in in the UK over the next 25 years, projected to grow by Europe with the best performing for primary maths in 9.8%. Europe, and 6th in the world. 77% of school leavers go to further and higher education. LISNEY | +44 2890 501 501 | www.lisney.com OSBORNE KING | +44 028 9027 0000 | www.osborneking.com LISNEY | +44 2890 501 501 | www.lisney.com OSBORNE KING | +44 028 9027 0000 | www.osborneking.com LISNEY | +44 2890 501 501 | www.lisney.com OSBORNE KING | +44 028 9027 0000 | www.osborneking.com METRO BUILDING | 6-9 Donegall Square South, Belfast, BT1 5JA METRO BUILDING | 6-9 Donegall Square South, Belfast, BT1 5JA DESCRIPTION ACCOMMODATION qw UNIT GROSS INTERNAL NET INTERNAL AREA (SQ FT) AREA (SQ FT) Lower Basement 11 , 2 3 7 THE PROPERTY WAS ORIGINALLY CONSTRUCTED TO A MARKET LEADING SPECIFICATION IN 2003 AND COMPRISES 69,611 SQ FT OFFICE BUILDING OVER Upper Basement 11 , 215 BASEMENT, GROUND AND EIGHT UPPER FLOORS, WITH TYPICAL FLOOR PLATES OF Ground Floor 9,267 5,138 10,000 SQ FT. THE BUILDING BENEFITS FORM A DEDICATED BASEMENT CAR PARKING FACILITY FOR 50 CARS. 1st Floor 10,989 8,952 2nd Floor 12,066 10,271 3rd Floor 12,066 10,271 The building is fitted out to Grade A PARKING specification to include: 4th Floor 12,066 10,271 50 car parking spaces at basement and lower 5th Floor 12,066 10,271 DESIGN FEATURES ground level. 6th Floor 10,118 8,105 Nine storey portland stone clad with Service bay with access to goods lift. 7th Floor 7,144 5,382 curtain walling and full height glazing to 8th Floor 4,090 950 TECH SPECS two sides. Car Park 50 spaces Glazed revolving entrance doors to Cooling, Heating & Lighting. Total 112,482 69,611 reception. VRF fully air-conditioned. 4 no. passenger/goods lifts (3 no 10 person lifts in lobby and 1 no. 8 person Intelligent lighting. lift to the rear.