Laganbank Retail Park, Langanbank Road,

Features

• • Lisburn is located 9 miles south west of Belfast and benefits from a catchment population in excess of 227,000 people.
• • The subject property is located within the city centre with prominent frontage onto Laganbank Road, which is the main arterial route through the city.
• • The property comprises 3 retail units and one coffee/restaurant pod.
• • The property benefits from open consented planning.
• • Leased at a gross rent of £503,272 pa and a net rent of £500,860 pa.
• • The open consented retail park extends to 49,937 sq. ft.
• • Free surface car parking for 134 vehicles.
• • The investment provides a WAULT of 4.33 years term certain and 9.25 years to lease expiry.
• • The property sits on a site of 2.4 acres approximately.
• • We understand the property is held freehold.

Laganbank Retail Park is situated within the City Centre with prominent frontage onto Laganbank Road, which is the main arterial route through the city, approximately 0.5 miles north west of Junction 6 off the M1 motorway via Saintfield Road and Sloan Street. The property lies within a short distance from the prime retail offering at Bow Street.

Laganbank Retail Park is fully let to TK Maxx, Pure Gym, Upstairs Downstairs and Ground Coffee.

The park provides 49,937 sq ft of open consented purpose-built retail warehouse accommodation. Laganbank Retail Park is anchored by a 22,437 sq ft TK Maxx and 16,000 sq ft Pure Gym. The units are predominantly of steel portal frame construction. The park was renovated in 2017, offering extensive glazing around the ground floor entrances.

The units have service yards to the left-hand side and the rear. Access to the service yards is provided via the city side Laganbank Road entrance. In the last 5 months, Laganbank Retail Park averaged 35,495 vehicles a month. The park provides 134 free surface car parking spaces with a ratio of 1:372 sq ft.