Rushmere Shopping Centre & Retail Park, Craigavon, BT64 1AA

From

£57,000,000

Typical Mortgage

per month

Investment

Contact Agent

Savills

Video

Description & Features

Rushmere Shopping Centre & the Open Consented Retail Park is the dominant retail offer within the wider Craigavon Urban Area.

SHOPPING CENTRE

The Shopping Centre measures approximately 350,666 sq. ft and comprises over 50 ground floor retail units in addition to mall kiosks.
The centre has been designed and constructed in a linear shape configuration with the main mall running on a north-south axis with two smaller malls intersecting on the east and west axis. At opposing ends of the north-south axis there are currently two large anchor units.

Occupiers of note include Primark, Boots, Home Bargains, H&M, Superdrug, River Island, TK Maxx, Dunnes and JD Sports. All of the units front inwardly onto the mall and are only accessible to the public
from the mall. Access and egress to the centre is via all elevations of the main mall.

The original centre was constructed in 1976 and was extended to the northern elevation in 1998 and the southern eleva

Dominant retail offer within the wider Craigavon Urban Area.
Fully let Shopping Centre & Retail Park with rental tone maintained.
New lettings secured to Primark, Superdrug and Poundland.
Retail accommodation extending to approximately 485,031 sq. ft in total.
Free onsite car parking is provided for approximately 1,800 vehicles in total.
Average annual footfall of 5.6 million between 2019 and 2021.
Total site measures approximately 31.30 acres (12.67 hectares).
Produces a gross income of £7,613,701 pa and a net income of £7,323,510 pa.
WAULT to expiry of 4.08 years (3.15 years to break).
Over 66% of the gross rent secured against tenants of min/below average risk.

Housing Tenure

Type of Tenure

Not Provided

Location of Rushmere Shopping Centre & Retail Park

Craigavon town is located approximately 29 miles southwest of Belfast and 24 miles north of Newry. Craigavon has an excellent communications network. Junction 11 of the M1 motorway is situated 4 mile

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