101-107 High Street, Holywood, BT18 9SA

Additional Information

• Prime high street position at the heart of Holywood’s retail core.
• Single storey retail unit extending to approximately 5,440 sq ft on a site area of about 0.17 acres.
• Weighted average unexpired lease term of 4.99 years to break and 11.68 years to expiry.
• Fully let to Musgrave Retail Partners NI Ltd (t/a Centra) from 26th March 2022 for a period of 15 years at a rent of £105,500 pax, with a break option on 20th July 2030 subject to six months’ notice.
• Upcoming rent review on 1st June 2029 and every 5th anniversary thereafter, upwards only to market rent subject to 5% cap per annum.
• Excellent covenant strength with a Dun & Bradstreet credit rating of 4A2 indicating secure financial strength and lower than average risk.

PRIME RETAIL INVESTMENT OPPORTUNITY IN HOLYWOODS RETAIL CORE.

The property comprises a single storey retail unit extending to approximately 5,440 sq ft on a site area of about 0.17 acres. The property is of traditional masonry construction, with the external walls being brickwork. The south eastern elevation comprises the primary ‘retail frontage’ and is largely finished with aluminium frame and
double glazing.

The shop floor is fitted with Centra's corporate branding and includes vinyl covered floor surface, aisle format with suspended ceiling and halogen bulb lighting. The shop floor includes a Post Office of similar specification.

A store area is located to the rear of the unit with non slip vinyl tiles and fluorescent strip lights. Ancillary areas include staff toilets, kitchenette and office.

Whilst the majority of the property is occupied by Centra, a separate sub divided retail unit extending to 822 sq. ft is occupied by ladies fashion outlet Rocco Boutique under a sub lease. This unit is well finished internally and includes a tiled floor, suspended ceiling with spotlights, kitchenette & WC.

There is a narrow external, tarmac surfaced yard to the north eastern and north western sides of the building which are used for delivery of stock and storage of bins.

Directions

Holywood is an affluent town located around 5 miles east of Belfast City Centre and acts as a gateway to North Down. It features a coastal corridor of commuter development focused around a vibrant and attractive commercial town centre.

The town benefits from excellent transport links, including the main A2 dual carriageway and the Belfast railway line,
and is conveniently close to Belfast City Airport.

The primary function of Holywood Town Centre is to serve as a hub for convenience shopping and essential services. It also boasts a variety of restaurants, pubs, cafés, and independent retail and leisure outlets.

The majority of the retail offering is concentrated along High Street. The subject property is situated on the northwestern side of High Street, positioned between its junctions with Hibernia Street and Sullivan Place. This section forms part of Holywood’s main commercial thoroughfare and is characterised by a high level of footfall and a diverse mix of nearby commercial uses to include eateries, beauty salons, barbers and professional service providers.

Adjacent to the southern boundary of the property is a public walkway known as Gray’s Lane, which offers convenient pedestrian access between High Street and a public car park located off Hibernia Street at the rear.