Mallusk Industrial Investment Opportunity Comes to Market

A 35,834 sq. ft. industrial investment opportunity in Mallusk has been brought to market by leading Northern Ireland commercial property agent, Lisney.

The property comprises a modern two bay warehouse and interconnecting office accommodation, and is currently occupied by tenant, Zeus Packaging Group Ltd. which has just committed to a new ten year lease from the date at which the sale completes.

Offers in excess of £1.7 million are invited for the asset which, located to the rear of Central Park in the prime industrial area of Mallusk, boasts a large yard and parking area for 38 vehicles as well as a development site of approximately 0.4 acres within the 2.5 acre holding.

 Stephen Chambers, Associate Director at Lisney, said:

 “Mallusk is one of Northern Ireland’s leading industrial and warehousing locations with representation from a range of local and UK occupiers such as Marks and Spencer, Volkswagen, Bryson Recycling and Royal Mail.

 “The new ten year commitment from the tenant is a great positive, both the location and facility work really well for Zeus Packaging. The additional development potential on site presents an added opportunity for the incoming purchaser, and we expect strong levels of interest in this asset.

Zeus Packaging Group Ltd. engages in the sale and distribution of packaging material to a variety of sectors ranging from pharmaceutical companies to, food processing industries and major retail outlets.

Mr Chambers continued:

“Earlier this month Lisney launched its Northern Ireland Commercial Property Report for Q1 2018 which revealed that already this year 1.139 million sq. ft. of industrial space has transacted.

“Given that just over just over 2.1 million sq. ft. of industrial space was transacted in total in 2017 and with healthy supply levels at present, we would expect industrial volumes for 2018 to remain strong.”

Obel 68, 52,000 sq. ft. of Grade A office space arranged over basement, ground and six upper floors adjacent to the Obel Tower, was also brought to the market by Lisney this month with offers in excess of £15 million invited.

For further information or to register an interest, please visit www.lisney.com or call +44 28 9050 1501.

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