Cathcart Square In Fermanagh Put On Market; 'High Level Of Interest' In Belfast Property
Cathcart Square in Co Fermanagh, home to the county's sole McDonald's restaurant as well as an office development, has been put up for sale by estate agent Lambert Smith Hamptonfor £895,000.
The building comprises of a purpose-built McDonald's dating back to 1999, three adjoining units over two floors with 34 car parking spaces. Cathcart Square has a rent of £72,950 per annum, of which McDonald's pay 65 per cent (£47,500) with the lease to end 28 March 2024, reports belfasttelegraph.co.uk.
Stuart Draffin of Lambert Smith Hampton commented: "There are currently few opportunities to secure medium-term income in Northern Ireland from a covenant like McDonald's and as such we expect a good level of interest in Cathcart Square."
A Belfast property, part-let to Belfast Tea and Coffee Company Limited, has been put on the market for £800,000 and has already attracted a "high level of interest", according to estate agent Lambert Smith Hampton.
The 10,500 square foot property, located at 103-107 Royal Avenue, comprises of four-storey of retail and office space and has a prime location close to Ulster University and Castlecourt Shopping Centre, reports belfasttelegraph.co.uk.
Martin Mallon of Lambert Smith Hampton said: "The property is very well located close to a number of significant developments in the heart of Belfast city centre and it offers an excellent investment opportunity, with a range of future asset management possibilities."