O'Connor, Kennedy, Turtle

Unit 4, Port of Larne Business Park, 1 Redlands Road Larne, County Antrim, BT40 1AX

Ref: 4162 to let
Key Features
  • Prominent Retail / Showroom Unit of c. 6,300 sq ft which can be sub divided) in Larne’s Premier Retail and Leisure Park

£47,500.00 per annum

Prominent Retail / Showroom Unit of c. 6,300 sq ft which can be sub divided) in Larne’s Premier Retail and Leisure Park


Larne, which has a district population of c. 30,000 persons, is a busy provincial town on the eastern coast of Co. Antrim c. 25 miles north of Belfast and 20 miles east of Ballymena. It accommodates one of the Province’s busiest ro–ro ports with up to 38 ferry arrivals / departures daily to Scotland and England providing freight and domestic services with both traditional and fast ferries and it is anticipated that Brexit will substantially enhance port activities and passing trade.

The unit is located in Larne’s premier retail and leisure park fronting Redlands Road, within sight of Larne Harbour just off the main A8 / A36 Belfast / Ballymena Road, providing quick and convenient access throughout the Province. The recent completion of the dualling of the A8 has dramatically cut journey times to Belfast which can now be reached in under 30 minutes.

The unit enjoys a prime location, beside the entrance to the Omniplex Cinema and benefits from 600 car park spaces serving the Park and the adjoining Asda superstore which generates substantial daily footfall. Other occupiers in the park include Dominos Pizza, Brooklyn Bay Diner and KFC.

Most recently utilised as a children’s soft play centre and café, the unit is fitted to include vinyl flooring, suspended lighting, commercial kitchen and servery, with office and lades/ gents / disabled WCs.

Suitable for a variety of complimentary retail and leisure uses such as coffee shop etc, subject to any necessary planning consents.

Accommodation


The retail area extends to c. 585 sq m (6,300 sq ft) and can be let in its entirety or sub–divided to suit individual requirements – further details on request.

Lease Details


RENTAL: £47,500 per annum (or pro rata if unit is sub–divided)

TERM: Negotiable subject to periodic upwards only rent reviews

REPAIRS / INSURANCE: Full repairing and insuring basis by way of service charge

NAV / Capital Value


We are advised by the Land and Property Services that the current NAV for the subject is £393,000. The commercial rate in the pound for 2020 / 2021 is £0.588186.

NI Covid–19 Rates Support Package: The unit will not be subject to commercial rates until 1 April 2021, as per the measures announced by the NI Executive.

VAT

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


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