Excellent Landmark Building For Sale or To Let

This 3 storey landmark building features dedicated retail accommodation on the ground floor and retail and/or office accomodation on the upper floors.  The building is currently in shell specification, however provision has been maintained for several passenger and goods lifts together with a larger foyer staircase to the upper floors for retail use (can be removed if upper floors used as offices).  Externally the building is of brick construction with extensive frontage allowing for a large glazed facade.  The upper floors benefit from a generous dedicated foyer entrance situated to the left of the main building.  The building can be sub-divided and will therefore suit a wide range of users.  The owner can also offer an on and off sales licence if required by an incoming tenant or purchaser.

Schedule of Accomodation

Ground Floor c. 5,100 sq ft / 473.8 sq m  – Rent £100,000 p.a.
First Floor c. 5,100 sq ft / 473.8 sq m – Rent £65,000 p.a.
Second Floor c. 5,100 sq ft / 473.8 sq m – Rent £60,000 p.a.
Total c 15,300 sq ft / 1,421.4 sq m

Location

The subject property is located in the heart of Portadown Town Centre, adjacent to the entrance to High Street Mall (the largest shopping centre within Portadown).  Portadown is located 20 mins from Belfast, benefits from a population of 80,700 and a catchment in excess of 235,000.  The property benefits from excellent frontage onto High Street, Portadown and is bound to the rear by High Street Mall.  The immediate vicinity benefits from an abundance of public car parking.  Retailers within the immediate vicinity include Mothercare, Tesco, JR McMahons, Iceland and Top Shop.

Further Details

Term
By negotiation

Rent
Entire building available for £200,000 pa exclusive or can be split as above.

Rent Review
Every 5th year in an upwards only direction

Repairs
The tenant is responsible for internal repairs

Service Charge
In the event that the building is subdivided a service charge will be levied to cover the cost of maintaining communal elements within the building.

Rates
We have been advised by Land & Property Services that the net annual value of the property is to be reassessed.

Value Added Tax
The subject property is registered for VAT.

Price
On Application

Stamp Duty
This will be responsibility of the purchaser