For Sale

Abbey Trading Centre, Longwood Road, Newtownabbey, BT37 9UQ

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£4,500,000

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Commercial Property

Location of Abbey Trading Centre, Longwood Road

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  • features
  • description

features

  • Located within the major retail destination of Newtownabbey just outside Belfast City Centre.
  • Excellent accessibility located at Junction 2 of the M2 motorway, offering a direct link to/from Belfast city centre and the wider northern Belfast ca
  • Benefits from a high level of passing traffic.
  • The property comprises retail accommodation extending to approximately 51,766 sq ft (4,809 sq m) with occupiers including B&M, Sports Direct, Topps Ti
  • Held long leasehold at a peppercorn rent.
  • Future asset management opportunities.
  • Open class retail warehousing planning consent.
  • Total site area of 1.8 acres (0.73 hectares).
  • WAULT to expiry/term certain 2.17 years.
  • Producing a gross rent of £619,163 per annum and a net rent of £592,431 per annum.

description

LOCATION

Newtownabbey is strategically positioned 4.5 miles north of Belfast city centre off Junction 2 of the M2 motorway, providing access to/from the city centre and northern Belfast. Newtownabbey is a significant suburb within greater Belfast and has established itself as a popular and growing commuter hub. 162,000 people live within the primary catchment area increasing to over 365,000 people living within a 15-minute drive time. Consequently, the immediate area benefits from large proportions of the population falling into the more affluent social group 'Aspiring Homemakers'.

The area represents an established out-of-town retailing destination, consisting of Abbey Trading Centre, Abbey Shopping Centre, Abbey Retail Park, and Longwood Retail Park. There is approximately 1.015 million sq. ft of retail floorspace within the Newtownabbey area, making it the most significant out of centre offer in the capital. This cluster of food and non-food retailing has a large catchment representing the only retail provision for the north Belfast population drawing on areas such as Whiteabbey, Greenisland, Mossley, Glengormley and Carrickfergus.



DESCRIPTION

Abbey Trading Centre is positioned within the core retailing area of Northern Ireland. The retailing accommodation extends to approximately 51,766 sq ft (4,809 sq m) with occupiers including B&M, Sports Direct, Topps Tiles, Subway, Ladbrokes and Oasis.

The property benefits from a standalone store to the north of the site with separate access off both Longwood Road and Feldon Gardens. The unit is of brick construction with double height double glazing to the front of the property The unit extends to approximately 21,250 sq ft (1,974 sq m) and is currently occupied by B&M Bargains.

The remaining units are located in one block to the south of the site, extending to approximately 30,516 sq ft (2,835 sq m) consisting of Sports Direct, Topps Tiles, Subway, Ladbrokes and Oasis. These units are of steel portal frame construction with insulated profiled steel cladding to the roof and walls.

The centre benefits from Open class retail warehousing planning consent.

Property Costs

  • Status: For Sale
  • From£4,500,000
  • Stamp Duty: £0*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.

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