49-51 Donegall Place & 42-46 Fountain Street – a 6-storey property comprising office and retail space – has been placed on the market by Savills NI with a guide price of £13.3m.
Situated in the heart of Belfast city centre, the property extends to 68,534 sq. ft. and is let to a number of tenants, including A&L Goodbody, ESO Solutions, DV8 and Waterstones, generating a gross rental income of £948,126 per annum and a net income of £921,828 per annum.
The office accommodation dominates the upper floors – extending to 48,724 sq. ft – with A&L Goodbody occupying the fourth, fifth and sixth floors, and ESO Solutions located on the second and third floors. Access to the office element of the property is provided via Fountain Street which benefits from a refurbished lobby, 2 passenger lifts, and a stairwell providing access to each floor.
The ground floor of the building comprises two retail units currently occupied by DV8 and Waterstones. DV8 benefits from extensive frontage on to Donegall Place whilst Waterstones benefits from frontage onto Fountain Street. Waterstones also features an in-house Ground Espresso Cafe located on the first floor, which further attracts increased footfall.
Donegall Place, in close proximity to Belfast City Hall and numerous multi-storey car parks. It is approximately a 5-minute walk from Great Victoria Street Bus & Rail Terminus; home to the new Belfast Transport Hub development, a £150M investment that will see an estimated increase in passenger numbers from 8million to 14million once completed.
The property is located on the premier shopping street of Belfast City Centre and is a few minutes away from the main shopping area of Victoria Square, as well as being a stone’s throw from the vibrant arts, food and drink culture of the Cathedral Quarter.
Savills is seeking offers in excess of £13,300,000 (Thirteen Million, Three Hundred Thousand Pounds Sterling) which reflects a net initial of 6.50% and a reversionary yield of 7.64% assuming purchasers’ costs of 6.72% and a capital value of £194 per sq.ft.

Ben Turtle, Director, and Head of Savills NI commented:

“This is arguably one of the best located mixed-use investment opportunities to come the market in Belfast in recent times. The strong line-up of tenants in situ, coupled with quality of office and retail accommodation, is likely to attract a number of potential investors, therefore we expect strong interest in this sale.”