To let
Ground Floor, Avenue House, 21-29 Royal Avenue, Belfast, BT1 1FD
Retail (5,300 sq ft)
£275,000 per year
Contact Cushman & Wakefield
+44 28 9023 3455
Property Overview
Status
To Let
Style
Retail
Property Features
Size
492.4 sq m (5,300 sq ft)
Property Financials
Rent
£275,000 per year
Additional Information
Prime Retail Unit
Location
Belfast is the capital of Northern Ireland with a population extending to approximately 650,000, the 12th largest City in the United Kingdom and second largest on the Island of Ireland, approx. 100 miles North of Dublin.
Belfast enjoys excellent transport infrastructure and is well connected to the rest of Ireland and to mainland UK. George Best Belfast City Airport is located approximately 4 miles (6 Km) from the City Centre with Belfast International Airport approximately 23 miles (37 Km) north-west.
In addition, Belfast has a large commercial port that is also used for passenger ferry services with regular sailings to Scotland, England and Wales. Belfast has good road communications being positioned within close proximity to the M2 linking the North and West of the Province and the M1 which links with Dublin in the South. Grand Central Station has recently opened which will provide an hourly train service to Dublin by the end of 2024.
Belfast is home to a growing population of students, entrepreneurs, and two leading universities: Queen's University Belfast and Ulster University.
Situation
Avenue House is located at the corner of Royal Avenue and Rosemary Street at the northern end of the prime retail pitch Donegall Place, opposite the main entrance to Castlecourt Shopping Centre and adjacent to Tribeca development opportunity.
The new University of Ulster City Campus is approximately 300 metres north whilst the proposed Belfast Stories site is approximately 200 metres north.
Belfast City Council's community and cultural hub at 2 Royal Avenue which provides a free creative space in the heart of the city centre is directly opposite Avenue House.
The immediate area is undergoing a transformation following the opening of the new University Campus and extensive PBSA developments adjacent to the Campus. This has led to a significant increase in footfall which has been underpinned by a number of new lettings in Castlecourt including The Avenue Cinema, Starbucks, TK Maxx and Poundland. New occupiers along the high street pitch in the surrounding area include JD Sports, Apple, River Island and Primark Home due to open on Donegall Place imminently. This all underscores the improving nature of the location.
Description
Avenue House is a mixed-use retail and office building providing accommodation over ground and 4 upper floors. The ground floor is accessed directly off Royal Avenue whilst the office accommodation is accessed off Rosemary Street.
The net internal area of the floor is as follows:
Ground - 5,300 Sq Ft (492.4 Sq M)
Rent
Quoting rent in excess of £275,000 per annum exclusive.
Rates
The current Net Annual Value for the unit is £122,500 equating to rates payable of £76,767 for 2025/26.
Location
Belfast is the capital of Northern Ireland with a population extending to approximately 650,000, the 12th largest City in the United Kingdom and second largest on the Island of Ireland, approx. 100 miles North of Dublin.
Belfast enjoys excellent transport infrastructure and is well connected to the rest of Ireland and to mainland UK. George Best Belfast City Airport is located approximately 4 miles (6 Km) from the City Centre with Belfast International Airport approximately 23 miles (37 Km) north-west.
In addition, Belfast has a large commercial port that is also used for passenger ferry services with regular sailings to Scotland, England and Wales. Belfast has good road communications being positioned within close proximity to the M2 linking the North and West of the Province and the M1 which links with Dublin in the South. Grand Central Station has recently opened which will provide an hourly train service to Dublin by the end of 2024.
Belfast is home to a growing population of students, entrepreneurs, and two leading universities: Queen's University Belfast and Ulster University.
Situation
Avenue House is located at the corner of Royal Avenue and Rosemary Street at the northern end of the prime retail pitch Donegall Place, opposite the main entrance to Castlecourt Shopping Centre and adjacent to Tribeca development opportunity.
The new University of Ulster City Campus is approximately 300 metres north whilst the proposed Belfast Stories site is approximately 200 metres north.
Belfast City Council's community and cultural hub at 2 Royal Avenue which provides a free creative space in the heart of the city centre is directly opposite Avenue House.
The immediate area is undergoing a transformation following the opening of the new University Campus and extensive PBSA developments adjacent to the Campus. This has led to a significant increase in footfall which has been underpinned by a number of new lettings in Castlecourt including The Avenue Cinema, Starbucks, TK Maxx and Poundland. New occupiers along the high street pitch in the surrounding area include JD Sports, Apple, River Island and Primark Home due to open on Donegall Place imminently. This all underscores the improving nature of the location.
Description
Avenue House is a mixed-use retail and office building providing accommodation over ground and 4 upper floors. The ground floor is accessed directly off Royal Avenue whilst the office accommodation is accessed off Rosemary Street.
The net internal area of the floor is as follows:
Ground - 5,300 Sq Ft (492.4 Sq M)
Rent
Quoting rent in excess of £275,000 per annum exclusive.
Rates
The current Net Annual Value for the unit is £122,500 equating to rates payable of £76,767 for 2025/26.
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