For Sale

Units 41/42 Meadows Shopping Centre, Meadow Lane, Portadown, Armagh, BT62 3TN

Offers Around

£200,000

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Investment
E 103
EPC Rating

Location of Units 41/42 Meadows Shopping Centre

Portadown is a principal town in the Armagh, Banbridge and Craigavon Borough Council area and is positioned approximately 30 miles south-west of Belfast and 10.5miles north-east of Armagh. The town benefits from good transportation links via the motorway network. The unit is located within the Meadows Centre, a shopping centre comprising of approximately 128,000 sq ft of retail space and anchored by a c. 58,000 sq ft Tesco store.

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features

  • Prime Retail Investment
  • Let to Savers Health & Beauty Ltd
  • 3,601 sq ft (334.61 sq m)

description

Prime retail investment within Portadown, a principal town in the Armagh, Banbridge and Craigavon Borough Council area.

  • Let to Savers Health & Beauty Limited until June 2029.
  • Passing Rent: £15,000 per annum exclusive.
  • Tenant’s Option to Break at the end of Year 5
  • Tenant has continued to trade through recent Covid-19 restrictions.

The shopping centre has undergone a transformation in recent years with the extension of Tesco and the opening of The Range. This has increased footfall to the Centre and current occupiers include O2 and Specsavers. The subject property is located adjacent to the entrance to the shopping centre and although we understand would benefit from a return frontage to the exterior of the Centre, these windows have been boarded up by internal shopfitting.

The unit is currently occupied by Savers Health & Beauty Limited and comprises aground floor retail unit with first floor ancillary office and storage space. The unit comprises a large open plan ground floor sales area with glazed frontage and secured by electric roller shutter doors. The current tenant has completed an extensive and high quality fit-out to the unit to include wood laminate flooring, plastered and painted walls and suspended ceiling with recessed fluorescent lighting and air conditioning.

Property Costs

  • Status: For Sale
  • Offers Around£200,000

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