room2, 32-38 Queen Street, Belfast, BT1 6EE

Offer in excess of

£21,750,000

Size

70,695

Tenure

Freehold

EPC

Parking

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Primary use
Hotel

No floor / site plan

Key features

  • New build, upscale aparthotel arranged over nine storeys totalling 70,695 sq ft.
  • 175 bedrooms catering for long and short stays with communal guest facilities.
  • High ESG credentials inc WELL Platinum certification, fully electric & EPC A.
  • Held freehold and long leasehold.
  • Central location c.300 metres from Donegall Square & Belfast City Hall.
  • Excellent connectivity situated just 0.4 miles to Belfast Grand Central Station.
  • FRI lease with a long unexpired term of 17.5 yrs to break & 22.5 yrs to expiry.
  • Passing rent of £1,475,000 per annum equating to a low £8,429 per bedroom.
  • Five yearly CPI linked rent reviews subject to a collar & cap of 0.5% & 3.5%.
  • Let to Lamington Group Opco Ltd with an institutionally backed parent guarantee.

Description

Opened in October 2023, room2 Belfast is a long-let freehold investment offering attractive index-linked income backed by a sustainably designed aparthotel.

As Belfast’s leading aparthotel with minimal direct competition, it is centrally located in the city’s vibrant core, with excellent connectivity to the central business district and the main retail and leisure quarters.

Purpose built and fully electric, room2 Belfast boasts high ESG credentials including the UK and Europe’s first hotel to achieve WELL Platinum certification and only the fourth worldwide.

room2 Belfast is well positioned for both leisure and corporate guests due to its central city centre location in direct proximity to both the Central Business District and core retail and leisure clusters.

Boasting a 9.8 /10 Booking.com score for Location, the Property ranks highly in the market.

The Property occupies a prominent corner at Queen Street and College Street in the core city centre which spans 1.3 million sq ft of office space, hosting 4,000 firms employing 247,000 people.

Nearby are major corporates such as Danske Bank, PwC, EY, and Deloitte, alongside landmark office schemes including Gateway Offices, Merchant Square, and The Ewart.

It benefits from strong connectivity also with the Royal Avenue bus stop only a 5-minute walk away and the Grand Central Railway Station a 9-minute walk.

For international travel, the Property is within a 15-minute drive of Belfast City Airport and Belfast Cruise Terminal, and a 27-minute drive to Belfast International Airport.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
A21
Read more about energy considerations for commercial property

Brochure

room2, 32-38 Queen Street, Belfast, BT1 6EE

NEAREST STATIONS

National Rail

Bangor, Northern Ireland Station

11.34 miles

About Savills National , Margaret Street - Investment

Savills National , Margaret Street - Investment

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Disclaimer - Property reference 6A5D6C56-6268-4BD8-A9BA-CBB97DDBF1DC. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills National , Margaret Street - Investment. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.