The opportunity comprises 6 retail units let to Specsavers, DV8, Houseproud Furnishings, New Look, Martin Phillips & Transform Fitness, benefitting from car parking to the rear.The properties extend to approximately 26,986 sq ft on a site measuring 0.95 acres.The investment represents an asset management opportunity, with potential to regear current occupational leases.
The property is located in Banbridge, County Down, a key regional town in Northern Ireland on the Belfast to Dublin corridor. The town of Newry is located only 15 miles (24 km) to the south, whilst the capital is well located only 26 miles (41 km) to the north. Banbridge is well served by an extensive road network via the A1 dual carriageway and associated rail and bus links. The town benefits from a population of 16,653 (2011 census). The subject properties are located between Newry Street and Townsend Street adjacent to the busy Banbridge Bus Station which services the town. Four of the retail units front Newry Street occupying a highly prominent road frontage position to the prime retailing pitch of the town, with the remaining two accessed via the rear surface car park on Townsend Street, which offers approximately 32 free car parking spaces. Surrounding occupiers include Superdrug, Santander, O2, Clubworld Travel, Lidl, Hallmark and Iceland.
56, 58/60 Newry Street
The building comprises two retail units set over ground floor with a dummyfirst floor. The two units are of modern construction built in 2003 and have been fitted out to the tenants' corporate specification fitted with aluminium glazed shop fronts with electric roller shutters. Both units have ancillary accommodation to the rear and are serviced from the ...