Lisburn Castlereagh offers huge potential as an industrial location due to both its proximity to Belfast and its location on the main Belfast to Dublin corridor. Brexit could see a number of manufacturing and logistics companies seeking industrial space along the Belfast to Dublin corridor and Lisburn Castlereagh benefits from a number of key sites which could accommodate them.
The Lisburn Castlereagh industrial market benefits from high quality accommodation and competitive operating costs with rates relief on industrial use capped at 30%, and rates payable around £0.60 psf. Lisburn Castlereagh is already home to a number of well-established industrial and warehousing businesses such as Assa Abloy, Montupet, Causeway Aero Group. With excellent road links to the motorway system and fast connection to ports and airports, these companies can export products and compete globally.
Industrial - Light Industrial 2017 Averages
|Area||Prime Rent (local) £sq ft/pa||Prime Yield (Local Convention) %|
|Newcastle upon Tyne||£5.50||6.00%|