Extensive freehold purpose built warehouse and office building extending to 85,339 sq. ft (7,928 sq.m), the property occupies a self-contained site encompassing approximately 5.8 acres (2.35 ha) offering 120 car parking spaces.
Let to exceptional tenant with strong covenant: Bunzl Uk Limited who have 3A1 Dun & Bradstreet rating. Weighted average unexpired lease term of 11.82 years to first break, 15.83 years to second break and 18.83 years to expiry
Fully let to Bunzl UK Limited from 10th July 2017 for a period of 20 years at a passing rent of Â£489,000 with break options at 9th July 2030 and 9th July 2034 with 12 months' notice.
The City of Armagh is located in the south of Northern Ireland, some 40 miles (64 km) south west of Belfast and 15 minutes drive north of the border with the Republic of Ireland. Major towns in the proximity include Dungannon (13 miles north), Portadown (11 miles east), Newry (18 miles south) and Monaghan (22 miles west).
The property comprises a newly constructed warehouse and office building of steel portal frame construction with block internal walls and trapezodial insulated roof and wall panels. The warehouse offers 10 meters eaves with 6 earth doors and 4no. roller shutter doors. The offices are finished to a high specification to include raised floors, suspended ceilings and painted/plastered walls.
The property extends to an agreed gross internal area of 85,339 sq ft. (7,928 sq m) consisting of 70,051 sq.ft (6,508 sq.m) warehouse and 15,288 sq.ft (1,420 sq.m) office. The property occupies a self-contained site extending to approximately 5.8 acres (2.35 ha) offering 120 car parking spaces.