1 Jubilee Road

• Former purpose-built Lidl food store of 18,835 sq. ft.
• Fully let to Knysna (NI) Limited (trading as Rich Sauces) at passing rent of £65,900 per annum, exclusive.
• Lease expiry 10 December 2035 (approx. 9.25 years unexpired term).
• Generous self-contained corner site of c.1.6 acres, with extensive frontage onto both the A21 Comber Road and Jubilee Road.
• Jubilee Road Industrial Estate is a well-established commercial location in Newtownards.
• We are instructed to seek offers in excess of £950,000, exclusive.

LOCATION
Newtownards is located 10 miles east of Belfast, at the most northern tip of Strangford Lough on the Ards Peninsula. It is a thriving market town and administrative centre, with major employers represented in the borough including Spirit Aerosystems, Denroy Group, Magellan Aerospace, Composite Dynamics, Lakeland Dairies and Thyssenkrupp Materials.
The town also benefits from a prosperous town centre retail offer, complimented by the popular Ards Shopping Centre. The nearby and well-established Castlebawn Retail Park on the edge of the town is home to a range of national retailers to include Tesco, Lidl, Matalan, Home Bargains, Burger King, Tim Hortons and Starbucks.
The subject occupies a highly prominent corner site location at the junction of Jubilee Road and Comber Road, adjacent to the entrance into Jubilee Road Industrial Estate. It is situated approximately 0.5 miles south of the town centre and enjoys ease of access to both the A20 & A21 roads which link Newtownards with Belfast (11 miles / 35-minute drive time).
Jubilee Road Industrial Estate is a well-established commercial location and is characterised by a mix of office, trade counter and industrial / warehouse units. Neighbouring occupiers within the industrial estate include Willowbrook Foods, Formation Works, Murdock Builders Merchants, Action Mental Health HQ, Kerrs Tyres & Autos and Newtownards MOT Test Centre.

DESCRIPTION
The subject comprises a former purpose-built Lidl food store of 18,835 sq. ft. set on a self-contained site of 1.6 acres with around 140 car parking spaces. The site benefits from extensive dual frontage onto both the A21 Comber Road and Jubilee Road.
Internally the property comprises an open plan retail area with a large store to the side. A dock leveller provides delivery access to this storage area. Staff facilities are also provided for to include a kitchen and WC's.
Externally the site is finished with a paved surface and provides a generous car parking provision.

SCHEDULE OF ACCOMMODATION
We are advised the property has the following GIA:
Retail Area - 1,399 sq m 15,060 sq ft
Stores - 236 sq m 2,547 sq ft
Dock Leveller - 28 sq m 300 sq ft
Offices/Staff - 86 sq m 928 sq ft
Total - 1,750 sq m 18,835 sq ft
The site is approximately 1.6 acres with approximately 29% site coverage.
Frontage onto Comber Road c.107m
Frontage onto Jubilee Road c.57m

TENANCY
The entire property is occupied by Knysna (N.I.) Limited (trading as Rich Sauces).
Copy lease is available from the Agent for review.

TENANT COVENANT
Knysna (N.I.) Limited (Company No. NI047142) is a Private Limited Company trading as Rich Sauces. Knysna is a subsidiary company of Obarcs (Holdings) Limited and ultimately Solina Foods Group.
With over 35 year's experience in the food manufacturing sector, Rich Sauces produces and supplies premium quality catering ingredients to the foodservice industry in the UK, Ireland and internationally.
Knysna (N.I.) Limited has a Creditsafe Risk Rating of 'Very Low Risk'.

THE INDUSTRIAL MARKET
The Northern Ireland industrial property market is currently characterised by stock shortages, resilient occupier demand and upward pressure on both rents and capital values.
Requirements/demand in the market remains strong with good levels of interest for Design & Build options, given the lack of existing available space.
There has been a considerable increase in the number of requirements for large new build warehouses, across the storage and distribution, food production and manufacturing sectors. Coupled with the lack of supply, we believe another reason for this has largely been driven by Northern Ireland's unique position having access to both the UK and European markets.

RATEABLE VALUE
We have undertaken a search on the Land & Properties Services website which shows the following rateable value for the property for the year 2026 / 2027;
Total Net Annual Value - £98,400
Rate in the £ 2026 / 27 - £0.609
Estimated Rates Payable if applicable (per annum) - £59,970

TITLE
We understand the property is held on a part Freehold and part Leasehold basis.

PRICE
We are instructed to seek offers in excess of £950,000 exclusive.

VAT
All prices are quoted exclusive of VAT, which may be payable.

ENERGY PERFORMANCE CERTIFICATE
We are advised the property has an EPC rating of C75. A copy EPC is available on request.

ANTI-MONEY LAUNDERING
In accordance with the current Anti-Money Laundering (AML) Regulations, the proposed purchaser will be required to satisfy the Vendor/Lessor and their agents regarding the source of funds used to complete the transaction. The proposed purchaser will also be required to provide certain identification documents. These will be confirmed to and requested from the successful purchaser at the point of agreeing Heads of Terms.

Directions

1 Jubilee Road, Newtownards, BT23 4YH