Currys/pc World, 153 Hillsborough Road, Lisburn, BT27 5UN

For Sale From £14,000,000 Convert to EUR

Key Information

Property Type: Investment Price: From £14,000,000 Convert to EUR
Bedrooms: - Offer Status: For Sale
Receptions: - EPC Rating: -

For more information on this property call 028 9043 8555 or Email Agent

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CBRE

The Linenhall, Belfast, BT2 8BG

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    Property Description

    •Located at Sprucefield Regional Centre, 2.5 miles South of Lisburn City Centre which is one of the constituent cities that make up the Dublin-Belfast corridor region with a population of just under 3 million.

    •Prime single let retail warehouse investment situated in Sprucefield which is regarded as one of the strongest out of town retail locations in Northern Ireland.

    •The property adjoins the largest Marks and Spencer store in Ireland (220,000 sq ft) and is positioned on the junction with the M1/A1.

    •Let to DSG Retail Limited t/a Currys/PC World on a full repairing and insuring lease from 11th November 2010 at a rent of £1,149,500 pa until 10th November 2025.

    •Unexpired term of 9.25 years.

    •DSG Retail Limited has an Experian Credit rating of 100/100 and is deemed to be ‘very low risk’.

    •The unit extends to 52,635 sq ft (4,890 sq m) GIA with 154 car parking spaces and was comprehensively refurbished in 2010.

    •Site measures 3.21 acres (1.30 hectares).

    •Held virtual freehold.

    •We are instructed to seek offers in excess of £14,000,000 (Fourteen Million Pounds) for our client’s virtual freehold interest excluding VAT. A purchase at this level would reflect a net initial yield of 7.70% assuming purchasers costs of 6.73%.

     

    Location of Currys/pc World, Lisburn

    Lisburn is Northern Ireland"s third largest city with a population of 71,465 people (2011 Census) and the seventh largest on the Island of Ireland. Lisburn is one of the constituent cities that make up the Dublin-Belfast corridor region which has a population of just under 3 million. The city also forms part of the Belfast Metropolitan Area which accounts for 37% of the total population in Northern Ireland with 672,522 persons (2011 Census) and is the main employment centre within the Province. Lisburn has excellent communication links being located on the main motorway network. The M1 is the main arterial route between Belfast and the central and western areas of Northern Ireland while the A1 provides motorway access to Dublin.

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    CBRE

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