Mckibbin

NEW OFFICE OCCUPIERS FOR LISBURN ROAD

6/10/2009

McKibbin Commercial recently negotiated the letting of an office suite in Rathgar House on the Lisburn Road to CIL Stewart Financial Ltd. The suite provides approximately 2,250 sq ft of open plan office accommodation. Brian Wilkinson commented that “the high specification accommodation together with the good car parking in the vicinity and the buildings prime location on the Lisburn Road, made the suite an attractive proposition for the incoming tenants”.

McKibbin Sell Well Known Office Building

1/6/2009

Acting on behalf of the Workers Educational Association, Brian Wilkinson of McKibbin Commercial recently sold a 2-storey Grade B2 Listed Building at 1 Fitzwilliam Street, Belfast to local solicitor Martin Brennan.

The attractive property, which is situated directly opposite Queens University, has retained many of its original features including sliding sash windows, high ceilings and original fireplaces.

Brian Wilkinson commented that “the sale demonstrates that despite the downturn in the local economy, there is still demand for the right type of commercial property”.

Investment Sale - 3 High Street, Portadown

28/5/2009

Michael Fitzell of McKibbin Commercial recently sold an investment property at 3 High Street, Portadown on behalf of a local investor. The property was let to Barclays Bank Plc on a 20-year Lease from 25/01/95 at a current rent of £32,625 per annum. A purchase price of £575,000 was achieved representing a net initial yield of c.5.36%. Michael Fitzell commented "despite the slowdown in the current market there is still obvious demand for good quality investments from private investors".