O'Connor, Kennedy, Turtle

Antrim Business Park, Kilbegs Road Antrim, County Antrim, BT41 4LD

Ref: 8253 for sale
Key Features
  • Unique opportunity to acquire c. 30 acre business park with c. 44 acres of additional development land

offers over £12,500,000.00

High yielding business park investment with additional c. 44 acres of development land

Unique opportunity to acquire c. 30 acre business park with c. 44 acres of additional development land

Business park extends to c. 580,038 sq ft over a range of unit sizes, ranging from c. 3,000 sq ft to c. 346,000 sq ft.

Current rental income £1,555,385.80 per annum.

Multi let to a variety of occupiers such as PHS, Kerrs Tyres and Brian Close Transport, with the
anchor tenant and majority space user being Sports Direct / Heatons

Well established distribution and industrial location, prominently situated in highly accessible location just off the M2 motorway

The estate provides secure warehousing space within a managed environment with 24/7 on site security.

Significant asset management opportunities to drive rental tone and consider alternative uses in the future, subject to necessary planning consents.

The remaining undeveloped lands adjacent to the business park, extend to c. 35.5 acres and are suitable for all forms of employment and industry, subject to planning.

Excellent future development potential with c. 8.2 acres zoned as ‘white land’ within the Antrim Area Plan and adjoining a newly commenced housing development called Castlewater.

Accommodation

AREA 1:
Antrim Business Park extending to c. 580,038 sq ft and occupying a site of c. 30 acres

AREA 2:
c. 35.5 acres of a mix of zoned white land and
lands situated outside the development limit
(subject to Planning)

AREA 3:
c. 8.2 acres of zoned white land suitable for
residential development (subject to planning)

A full breakdown of the asset can be found detailed in the attached brochure.

Sales Details

Title – the property is understood to be held under freehold title.

Purchaser Pack – Extensive information in respect of tenancy details, service charge, title and contract details are available within a dedicated data room, access to same
being available on request.

PROPOSAL: OFFERS ARE SOUGHT IN EXCESS OF £12,500,000 (TWELVE MILLION FIVE HUNDRED THOUSAND POUNDS) WHICH REFLECTS A NET INITIAL YIELD OF C. 14.5% AFTER ASSUMING STANDARD PURCHASER’S COSTS OF C. 6.7% & APPLYING VALUES TO THE DEVELOPMENT LANDS.

VAT

All prices, outgoings etc quoted are exclusive of, but may be subject to VAT


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