By Nadia Breen

Copyright belfastlive

A shopping centre in Northern Ireland is now on the market with a guide price of £15,050,000. Erneside Shopping Centre in Enniskillen , Co Fermanagh , has been brought to the market by Savills The 171,590 sq ft shopping centre , which sits on a 9.9-acre site with 638 car parking spaces, is the dominant retail destination in the town, attracting a recorded 2.15 million visitors in 2024. A statement said: “Anchored by Marks & Spencer and Next, the scheme also features a strong tenant mix including JD Sports, New Look, Superdrug, Lifestyle Sports, Waterstones, Holland & Barrett, and Poundland. “Erneside currently produces a gross passing rent of £2.41 million per annum and a net passing rent of £2.048 million, reflecting a net initial yield of 12.75% at the guide price and an attractive capital value of £89 per sq ft, significantly below reinstatement value. Over 68% of the rent roll is secured against tenants with a minimum or low risk Dun & Bradstreet credit rating. “With a current vacancy rate of just 7%, the property offers a number of asset management opportunities including lease re-gears, letting of vacant units, reconfiguration of space for a new anchor tenant, and enhancing the catering and leisure offer to drive further income.” Ben Turtle, Head of Savills Northern Ireland, commented: “Erneside Shopping Centre presents a rare opportunity to acquire a substantial, high-yielding retail asset in a dominant regional location. With robust footfall, a strong tenant line-up and clear opportunities to add value through proactive asset management, we expect to see strong interest from investors seeking attractive returns.” For all the latest news, visit the Belfast Live homepage here and sign up to our daily newsletter here.