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

Offers around £200,000

Investment Property (3,601 sq. feet) For Sale

Offers around £200,000

Investment Property (3,601 sq. feet) For Sale

Price Offers around £200,000
Style Investment Property
EPC Rating E103
Status For sale
  • Additional Information
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  • Personal Notes

Additional Information

Features

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

Additional Information

Investment Summary

  • 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.

Directions

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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Property Statistics

Total Views

(since advertised)

421

Listing Views

Date Views Unique Views Featured Published Bumped
31st Oct 0 0 No No No
1st Nov 0 0 No No No
2nd Nov 0 0 No No No
3rd Nov 86 86 No Yes No
4th Nov 55 55 No Yes No
5th Nov 27 27 No Yes No
6th Nov 25 25 No Yes No
7th Nov 10 10 No Yes No
8th Nov 22 22 No Yes No
9th Nov 22 22 No Yes No
10th Nov 20 20 No Yes No
11th Nov 11 11 No Yes No
12th Nov 5 5 No Yes No
13th Nov 6 6 No Yes No
14th Nov 12 12 No Yes No
15th Nov 16 16 No Yes No
16th Nov 6 6 No Yes No
17th Nov 18 18 No Yes No
18th Nov 8 8 No Yes No
19th Nov 13 13 No Yes No
20th Nov 3 3 No Yes No
21st Nov 9 9 No Yes No
22nd Nov 10 10 No Yes No
23rd Nov 3 3 No Yes No
24th Nov 7 7 No Yes No
25th Nov 2 2 No Yes No
26th Nov 7 7 No Yes No
27th Nov 4 4 No Yes No
28th Nov 7 7 No Yes No
29th Nov 7 7 No Yes No

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