Londonderry supermarket site for sale

One of Londonderry's biggest supermarket developments is up for sale for £19.4m.

The site on Strand Road, which is owned by a developer is released to Sainsburys until 2024 at an annual rent of £1.1m.

An adjoining 0.65 acre development site is also included in any deal.

The selling agent, Lisney, said it expects interest from UK institutional investors and property firms.

Lisney investment director, Andrew Marsden, said food stores continue to be the most buoyant in the Northern Ireland market.

"The main food retailers continue to compete for market share through the acquisition of new sites and the extension and redevelopment of existing stores.

"As a result, rents on food stores in Northern Ireland have increased over the last five year."