Erneside Shopping Centre goes on market
Erneside Shopping Centre in Enniskillen has gone on the market, with a guide price of over £15 million.
The dominant retail destination, with anchor tenants Next and Marks & Spencer, is home to several notable retailers including JD Sports, New Look, Waterstones and Holland & Barrett.
Savills Northern Ireland have been instructed to sell the shopping centre.
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. While further developments to accommodate Unit 27 and Unit 15 were completed in 2011 and 2012 respectively.
With 638 car parking spaces distributed between two separate car parks, Erneside Shopping Centre benefits from a large cross border catchment area. With limited local competition, the centre enjoys strong retention levels.
The overall vacancy rate is currently 7.08% and footfall of 2.15 million was recorded during 2024. The purpose-built centre sits on approximately 9.90 acres, standing at 171,590 sq ft.
Head of Savills Northern Ireland, Ben Turtle said the 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,” he said.
