Description

LOCATION

Diviny Drive is situated within the Carn Industrial Estate, just off the Carn Road, Portadown.  This strategic location is 5 minutes drive from the M1 Motorway (junction 11) and therefore provides ease of access to the rest of the region.

The Carn and Seagoe Industrial areas of Portadown are widely seen as the premier commercial/industrial locations outside of Greater Belfast and are home to occupiers such as Almac, TBF Thompson Ltd, Driver Vehicle & Testing Agency, Kestral Foods and numerous car dealerships including Charles Hurst, Prentice and Isaac Agnew.

DESCRIPTION

The property comprises 4 adjoining warehouse units on a substantial self contained site which benefits from abundance car parking and circulation space.

The units are of steel portal frame construction with part blockwork/part profile metal clad walls with a profile metal clad roof.  All units benefit from 15 ft high electrically operated roller shutter doors to the rear which are accessed via enclosed service yards.

Internally Units 1 and 2 (occupied by Craigmore) have been fitted out for use as a trade counter/showroom with ancillary office accommodation which has been finished to include painted blockwork walls, part tile/part carpet flooring, suspended ceilings with fluorescent strip lighting and a glazed shopfront.  The rear warehouse space has been finished to include screed concrete floor whilst also benefiting from a minimum eaves height of 19 ft and 3 phase power.

Units 3 and 4 (occupied by Delta) provide a mix of open plan warehouse accommodation benefiting from an additional electrically operated roller shutter door to the front and high specification office accommodation at part ground and mezzanine level.  The warehouse accommodation benefits from a screed concrete floor, 3 phase power and a minimum eaves height of 19 ft.  The office accommodation has been finished to include plastered and painted walls, carpet flooring, suspended ceilings with recessed fluorescent strip lighting, glazed shopfront and also benefits from excellent kitchen and WC facilities.

ACCOMMODATION

The units provide the following approximate Gross Internal Areas:

Units 1 & 2 - 10,600 sq ft (984.76 sq m)

Units 3 & 4

Warehouse - 7,807 sq ft (725.27 sq m)

Ground floor offices - 2,824 sq ft (262.35 sq m)

Mezzanine offices - 1,982 sq ft (184.13 sq m)

The units are situated within a self contained site of approximately 2.67 acres.

PLANNING

We have been informed that the site beneifts from planning consent for a further unit extending to approx 8,210 sq ft.  Planning reference no. N/2002/1024/F.

LEASE DETAILS

Units - 1&2

Tenant - Geoffrey Baird t/a Craigmore

Lease Terms - 10 years

Commencement Date - 1 October 2000

Annual Rent - £45,000 pa

Rent Review - N/A

Units - 3&4

Tenant - Delta Trading Ireland Ltd

Lease Term - 10 years.

Commencement Date - 1 May 2006

Annual Rent - £55,000 pa

Rent Review - 1 May 2011

The units are let on full repairing and insuring terms.

TITLE

The property is held long leasehold for a term of 999 years from the 31st January 1989 at a peppercorn rent if demanded.

PRICE

Offers in excess of £1.5 million pounds sterling exclusive.

This reflects an initial yield of 6.30% allowing for purchasers costs of 5.75%.

For further details please contact 

DTZ McCombe Pierce - Telephone: 028 90233455

Email - mark.mccaul@dtz.com

Or

Joint Agents - Osborne King

Telephone: 028 90270000

FAO Robert Ditty/Kirsty McCollum

DTZ McCombe Pierce

Agent Contact Details

• 5 Oxford Street
• Belfast
• Co. Antrim

• Tel: 028 9023 3455
• Fax: 028 9023 3444
• Email the Agent

• Visit the agent's website

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