New M eadows Retail Park Meadow Lane, Portadown, BT62 3TN

Description

LOCATION
Portadown is one of Northern Ireland's busiest provincial towns and is located 32 miles west of Belfast off the M1 motorway.

The town has a district population estimated to be in excess of 80,000 people with a catchment covering the whole of Mid-Ulster including the towns of Lurgan, Gilford, Banbridge and Armagh.

The development has just been completed and occupies an extremely prominent location immediately opposite the recently refurbished and extended 180,000 sq ft Meadows Shopping Centre anchored by Tesco and Next on the town centre's principal distribution road.

Other nearby occupiers include Eason, HSBC, Starplan, World of Wonder, Sally Hair and Beauty, McDonalds and Centra. There is in excess of 825 car park spaces in the vicinity with 50 free car park spaces located directly in front of the development.

ACCOMMODATION
The development comprises 3 ground floor class 1 retail units which can be let with full first floor cover if required. Units 1 and 2 have been let to Floors-2-Go and Xtra Vision respectively.

The development also benefits from a striking glazed frontage.

The units comprise accommodation of the following approximate dimensions and areas.

Ground Floor
Unit 1 LET
Unit 2 LET
Unit 3 4,425 sq.ft. 411.08 sq.m.
First Floor
Unit 4 13,015 sq.ft. 1,209.09 sq.m.

LEASE

Term: 20 years

Rent:
Unit 1 - LET TO FLOORS-2-GO
Unit 2 - LET TO XTRA VISION
Unit 3 - £57,500 p.a.
Unit 4 - £78,000 p.a.

Rent Reviews: 5 yearly

Repairs: Equivalent to full repairing terms via a service charge.

Insurance: Tenant to reimburse landlord in respect of buildings insurance.

FURTHER DETAILS

For further information or to arrange an appointment to view please contact:
DTZ McCombe Pierce 
5 Oxford Street
Belfast
BT1 3LA
Telephone: 028 9023 3455
Fax: 028 9023 3444
Email: paulmulholland@dtz.com/michael.pierce@dtz.com

(Joint agents)
Colliers CRE
Tel. No. 02890 241500

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