Marlborough Retail Park, Highfield Road, Craigavon

Property Details

Location
Marlborough Retail Park occupies a prominent position in central Craigavon, situated adjacent to Tesco Extra (130,000 sq ft) and Halfords, approximately 300 metres to the south west of Rushmere Shopping Centre and Retail Park and within close proximity to the newly constructed South Lake Leisure Centre. Together these sites form Craigavon town centre.
The park is accessed from the A3 which runs immediately past the site and links Lisburn and Belfast (28 miles) in the north with Portadown and Armagh in the south.
The total population within a 20-minute drivetime catchment area is 136,211 and total consumer expenditure within this catchment is estimated at £791 million per annum.

Description
The property currently provides an existing retail footprint of c. 80,000 sq ft which will increase to c. 110,000 sq ft once the additional development phase has been constructed. This will include two additional ground floor retail units, one of which has been agreed. The first floor space has also been agreed while planning permission has been granted for a further restaurant / café unit.
Retailers currently trading in the scheme include Home Bargains, Airtastic Entertainment Centre and O'Neills.
The units will be finished to a standard developers shell specification with glazed shop front.

Available Units
Unit 7 - 10,000 sq ft
Restaurant Unit - 3,500 sq ft

Rent
On application

Term
New 15 year effective FRI lease, subject to 5 yearly upward only rent reviews.

Rateable Value
To be assessed following the subdivision and refurbishment of the units.

Planning
Planning permission granted for open A1 retail and a restaurant / café.

VAT
All prices, outgoings and rentals are exclusive of but may be liable to VAT at prevailing rate.

EPC Rating
Will be made available on completion.