Page 1

STRAND ROAD, LONDONDERRY

PRIME FREEHOLD FOOD STORE INVESTMENT

FOR SALE


SITUATION Coleraine Letterkenny Londonderry Ballymena

Strabane

Belfast

Enniskillen Newry

LOCATION


INVESTMENT SUMMARY

DESCRIPTION


TENANCY

ACCOMMODATION The property provides the following approximate gross internal areas; Description

Sq ft

Sq m

Ground Floor - Food Store

55,366

5,143.50

Ground Floor – Banking Hall

10,050

933.65

Mezzanine - Storage

1,068

99.22

First Floor – Storage/Ancillary

4,489

417.03

Total

70,973

6,593.40


COVENANT

Store

Retailer

Floor area (Sq Ft)

Rent (£PA)

Rent (£PSF)

Date

Comments

Crescent Link, Londonderry

Asda

81,000

1,335,000

16.50

TBC

Agreed subject to planning

Downshire Road, Newry

Tesco

86,822

1,562,796

18.00

May 2009

Store yet to be built

Balloo Retail Park, Bangor

Sainsbury’s

60,000

900,000

15.00

May 2009

LL contribution £900,000. Fixed uplifts 2% pa

Abbey Retail Park, Newtownabbey

Tesco

72,000

1,342,000

18.65

May 2006

Arbitration Award


For further information please contact: Andrew Marsden T: 028 90 501514 M: 07803 000014 E: amarsden@lisney-belfast.com Andrew Gawley T: 028 90 501552 M: 07917 007522 E: agawley@lisney-belfast.com Stephen Chambers T: 028 90 501518 M: 07834 451488 E: schambers@lisney-belfast.com

5 Linenhall Street, Belfast BT2 8AA. The Directors of Lisney for themselves and for the vendors or lessors of this property whose agents they are give notice that (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute part of, an offer or contract; (ii) all descriptions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of the Directors of Lisney has any authority to make or give any representation or warranty whatever in relation to the property.

www.lisney.com

Lisney Sainsbury's Strand Road, Londonderry Brochure  

Lisney Sainsbury's Strand Road, Londonderry Brochure

Read more
Read more
Similar to
Popular now
Just for you