Savills, on behalf of a private client, has brought three retail assets let to Tesco Stores Ltd, B&Q and Halfords to the market, which are all located on Highfield Road in Craigavon, Northern Ireland and collectively total over £35 million.
Savills, on behalf of a private client, has brought three retail assets let to Tesco Stores Ltd, B&Q and Halfords to the market, which are all located on Highfield Road in Craigavon, Northern Ireland and collectively total over £35 million.
Totalling 121,102 sq ft (11,250 sq m), the purpose built foodstore is let to Tesco Stores Ltd on a lease expiring in 2035. The retailer currently pays an annual rent of just over £1.39 million. Savills is seeking offers in excess of £22.9 million.
Located adjacent to the foodstore at Marlborough Retail Park is the B&Q store totalling 84,096 sq ft (7,712 sq m) along with the Halfords unit comprising 7,791 sq ft (724 sq m), which are being marketed at guide prices of £11.45 million and £850,000 respectively. B&Q currently pays an annual rent of £1 million on a lease expiring in 2026, while Halfords lease expires in 2021 at a rent of £89,784.