The park provides 49,937 sq ft of open consented purpose-built retail warehouse accommodation. Laganbank Retail Park is anchored by a 22,437 sq ft TK Maxx and 16,000 sq ft Pure Gym.
The investment provides a WAULT of 4.33 years term certain and 9.25 years to lease expiry.
We are instructed to seek offers in excess of £4,850,000 (four million, eight hundred and fifty thousand pounds exclusive) for our clients freehold interest excluding VAT. A purchase at this level would reflect an attractive net initial yield of 9.69% (assuming purchasers cost of 6.58%).