For Sale

Fairhill Shopping Centre, Ballymena, BT43 6UF

From

£10,000,000

Calculate Mortgage Now
Investment

Location of Fairhill Shopping Centre

Fairhill Shopping Centre is situated in the heart of Ballymena Town Centre on the Southern side of the A42 Parkway between Fairhill and Chapel roundabout, which leads directly to the A26 motorway. The

map

My Important Places

No important places

Add important places to see how far they are from this property.

  • features
  • description

features

  • 51.56% of the retail income has been rebased over the past 12 months.
  • Sales price reflects a capital value of £45 psf.
  • Total site measures approx. 8.8 acres (3.56 hectares).
  • Huge opportunity to bring further food store operators to Fairhill.
  • Produces a gross income of £2,052,348 pa and a net income of £1,392,955 pa.
  • WAULT of 4.04 years (2.91 years term certain).

description

Fairhill Shopping Centre comprises 279,819 sq. ft of prime retailing provision in the heart of Ballymena Town Centre.

The centre is anchored by a 64,217 sq ft Marks and Spencer store which is held by Marks & Spencer on a long leasehold. Therefore, the asset being sold comprises 215,601 sq. ft of prime retailing space and includes a 24,596 sq ft Next, a 20,731 sq ft New Look, a 15,179 sq ft H&M and various other multinational retail tenants.

The property is currently let on 37 retail tenancies, and benefits from other ancillary uses and an 673-space landlord operated, 8level multi-storey car park. This is the largest multi storey car park in Ballymena and is extremely well positioned to capture traffic flows from all parts of the catchment. Pedestrian access to the car park is via stairwell and elevators within the shopping centre.

Property Costs

  • Status: For Sale
  • From£10,000,000
  • 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.

Mortgage Calculator

10%
years
%
£42,967.38 per month

This calculation is for information purposes only, and should not be taken as a direct indicator of your mortgage repayments or all the data you need to choose a mortgage.

Similar Properties

Contact Agent

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Savills
2nd Floor, Longbridge House

Other costs to budget for

wilson nesbitt logo
Wilson Nesbitt Solicitors

Get a free property legal expenses quotation