Erneside Shopping Centre sold for almost £13 million
Erneside Shopping Centre has been bought over by owners of Rushmere Shopping Centre, Muntermellan Ltd, for £12.4 million.
The transaction reflects a net initial yield of 14.93%.
Savills announced the sale of the dominant retail destination in Enniskillen, which was sold on behalf of Fixed Charge Receivers, Jemma McAndrew and Matthew Nagle.
Standing at approximately 171,590 sq ft, the shopping centre, situated on the shores of the River Erne, boasts over 30 retail stores alongside a variety of cafés and restaurants, as well as over 600 parking spaces.
Anchored by Marks & Spencer and Next, there is a strong international tenant mix including JD Sports, New Look, Superdrug, Lifestyle Sports, Waterstones, Holland & Barrett and Poundland.
The scheme currently generates a net operating income of £1,975,831 per annum and with limited local competition, enjoys strong retention levels.
The centre was put on the market after summer 2025 with a guide price of over £15 million. Originally constructed in 1989, two comprehensive extensions and remodelling phases were carried out in 1998 and 2008. The most recent in 2008 saw in the region of 21,500 sq ft of additional retail space added in a two-storey extension.
Head of Savills Northern Ireland, Ben Turtle said the sale of the centre was a rare opportunity to acquire a dominant regionally important retail asset.
“The centre underpins the retail offer in Enniskillen, supported by a strong anchor line up, a broad convenience and comparison retail mix, and a loyal catchment that extends well beyond the immediate town,” he said.
“This transaction reflects continued investor appetite for well-located, income-producing retail assets where there is a clear scope for active asset management and income growth.”
