Shane Retail Park, constructed in 2003, is located at the southern entrance of the Boucher Road – Northern Ireland’s premier retail warehouse destination.
Anchored by a 50,000 sq.ft Homebase, the scheme consists of a further 7 units – Oak Furntiure Land, Smyths Toys, Dunelm Mill, EZ Living, Costa Coffee, Carpetright and Dreams – and 2 trade counter units, totalling 170,484 sq.ft.
Access and egress is easily facilitated in all directions via the Boucher Road. The location is only a few minutes from Stockmans Lane roundabout, which leads directly onto the M1 motorway. The car park provides 679 free spaces.
We are instructed to seek offers in excess of £19,700,000 (Nineteen Million and Seven Hundred Thousand Pounds Sterling) for our client’s part freehold and long leasehold interest excluding VAT.
A purchase at this level would reflect an attractive net initial yield of 11.50% assuming purchasers cost of 6.75% and a capital value of £116 per sq.ft.