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Unit 1, 35-43 High Street, Ballymena , Antrim BT43 6DT

Offers over £950,000


Offers over £950,000


Price Offers over £950,000
Style Investment Property
EPC Rating E125
Status For sale
  • Additional Information
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  • Personal Notes

Additional Information


  • Food store investment situated in Ballymena adjacent to the Tower centre
  • Modern portal frame retail unit extending to c. 9,350 sq ft
  • Fully let to Iceland Foods Ltd until 31 October 2023
  • Net rent £84,072.20 per annum exclusive
  • Asking price £950,000 exclusive reflecting a net internal yield of 8.37% after allowing purchasers costs at 5.69%

Additional Information

The subject property comprises an Iceland Food store situated in an accessible position within Ballymena town centre. The building is of modern portal frame construction with facing brick exterior and flat roof over. The unit has been fitted to the Iceland corporate specification and includes a large store and ancillary staff accommodation at first floor level. The unit benefits from a service yard to the rear accessed off High Street.

Tenant Covenant
Iceland is a well known food retailer with over 900 stores throughout the UK (source For the year ending 31st March 2019 Iceland Foods Ltd reported a turnover of £3.022 billion, a pre tax profit of £31.2 million and a net worth of £792.9 million (source: Red Flag Alert).

We understand the property is held by way of a Long Leasehold title. The property is also subject to a licence agreement for the duration of the Iceland Lease at an annual fee of £1,100 per annum. Further information is available from our clients solicitor: -
Johns Elliot
40 Linenhall Street
Contact: Jason Thompson
Tel: 02890 326881
Email: [email protected] 

We understand that the property is elected for VAT. It is anticipated that a sale could be treated as a Transfer of a Going Concern (TOGC) Solicitor to confirm.

We are instructed to seek offers in the region of £950,000 exclusive. A purchase at this level would reflect a net initial yield of 8.37% after allowing for purchasers costs at 5.69%.

EPC - E125

Ground floor - 6,685 square feet
First floor - 2,665 square feet
Total Area: 9,350 square feet


Ballymena is a large Co. Antrim provincial town situated approximately 29 miles North West of Belfast. The town hosts a strong residential core within an estimated population of 29,467 in the 2011 census (source NISRA). The town centre is serviced by two major shopping centres. Fairhill and Tower Centre with further out of town retail provision at Braidwater/Larne Road Link.

The subject property is situated adjacent to the Tower Centre north entrance and the town centre multi storey car park accessed off Springwell Street. Significant occupiers within the Tower Centre include Dunnes Stores, Boots, Superdrug, Primark, Holland and Barrett and Semi-Chem. Other nearby occupiers to the subject include HM Revenue & Customs, McAtamneys Butchers and Argento.

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Property Statistics

Total Views

(since advertised)


Listing Views

Date Views Unique Views Featured Published Bumped
21st Aug 5 5 No Yes No
22nd Aug 2 2 No Yes No
23rd Aug 6 6 No Yes No
24th Aug 9 9 No Yes No
25th Aug 0 0 No Yes No
26th Aug 4 4 No Yes No
27th Aug 8 8 No Yes No
28th Aug 3 3 No Yes No
29th Aug 0 0 No Yes No
30th Aug 0 0 No Yes No
31st Aug 5 5 No Yes No
1st Sep 1 1 No Yes No
2nd Sep 9 9 No Yes No
3rd Sep 3 3 No Yes No
4th Sep 1 1 No Yes No
5th Sep 2 2 No Yes No
6th Sep 7 7 No Yes No
7th Sep 7 7 No Yes No
8th Sep 3 3 No Yes No
9th Sep 1 1 No Yes No
10th Sep 4 4 No Yes No
11th Sep 1 1 No Yes No
12th Sep 0 0 No Yes No
13th Sep 5 5 No Yes No
14th Sep 3 3 No Yes No
15th Sep 5 5 No Yes No
16th Sep 5 5 No Yes No
17th Sep 3 3 No Yes No
18th Sep 1 1 No Yes No
19th Sep 7 7 No Yes No

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