Business

Former Balmoral Fruit Market goes on sale for £8.5m

THE seven-acre former Balmoral Fruit Market on Belfast's Boucher Road has gone on sale for £8.5 million.

The prime development land - which has a short term annual income of £210,000 derived mainly from car parking - has several accesses from Balmoral Road.

And the site represents one of the within the area which has not yet been brought forward for commercial retail or leisure use.

The site forms part of the old Balmoral Fruit Market, and all the buildings have now been cleared.

Agents in charge of the sale are McKibben Commercial Property Consultants (www.mckibbin.co.uk) and Lambert Smith Hampton (www.lsh.co.uk).

They say the site is ideally suited for hotel, car showroom, retail warehousing, trade counter and leisure usage.

The site is adjacent to a number of prominent retail schemes including Boucher Retail Park, Boucher Plaza, Boucher Square/Crescent and Shane Retail Park.

The Boucher Road is also a popular location for car showrooms, with most prominent brands located in the area including BMW, Mercedes, Range Rover, Jaguar, Ferrari and Bentley.