Braidwater Retail Park was constructed in circa. 1994/95 and is located on the edge of Ballymena town centre.
The scheme consists of seven units ranging form 6,300 – 10,200 sq ft in size. The property provides total accommodation of 60,465 sq ft of open class retail warehousing.
Tenants include Poundstrecher, B&M Bargains, Currys PC World, Poundland, Pets at Home and Dreams.
Access is easily facilitated in all directions via the Larne Link Road.
The car park provides c.171 free spaces.
We are instructed to seek offers in excess of £4,500,000 (Four Million Five Hundred Thousand Pounds Sterling) excluding VAT.
A purchase at this level would reflect an attractive Net Initial Yield of 9.83% and rising to 12.82% on the letting of unit 5 (assuming purchaser’s costs of 6.57% and reflecting a capital value of £74 per sq ft.