Carrick De Courcy Shopping Centre

Shopping Centre · For Sale
Excellent provincial town centre retail scheme for sale
Current Net income £231,860 p.a. exc (£221,660 p.a. exc as of August 21)
Tenants include Iceland, Home Bargains, New Look and Poundstretcher
Total Area c. 54,000 sq ft on a site of approximately 2.4 acres

Details

DeCourcy Shopping Centre is located in the heart of the town centre and forms the principle retail pitch within the town. Adjacent high street retailers include Poundland and Savers.
The scheme is anchored by Iceland, Home Bargains and Poundstretcher and comprises a modern single storey mall with over 300 free nearby car parking spaces.

In excess of 70% of rental income is generated from multi-national retail operators including Home Bargains, Iceland and Card Factory.

We are instructed to seek offers in excess of £1.6m subject to Contract and exclusive of VAT, reflecting a Net Initial Yield of 13.65% after deduction of standard purchaser’s costs of 6.14%. This would reflect a low capital value of approximately £29.72 per sq ft.

It is envisaged the sale will be treated as Transfer of a Going Concern (TOGC).

Mark Thallon
Tel: 078 0252 0008
mark.thallong@tdkproperty.com

Joint Agents – Osborne King
Richard McCaig
Tel: 079 0352 5280
richard.mccaig@osborneking.com

A soft legal pack including lease and title will be provided to genuine interested parties.

Viewing by appointment only via the Joint Agents.

Carrickfergus has a population of c. 40,000 and a wider catchment of c. 100,000 within a 15 minute drive.
The town is located 10 miles north east of Belfast and benefits from excellent communication links, with convenient access to the A2, M5 and M2 motorways and NIR rail networks. Mid and East Antrim Council Civic Centre is immediately adjacent to the property.
Tesco, Sainsbury’s, Lidl and Marks and Spencers are all located within the town.

Opportunities to extend and regear existing tenants lease terms to ensure long-term commitment, specifically Home Bargains and Bonmarché.
Options to explore temporary lettings/pop-up opportunities for the vacant units in order to reduce landlord liability and increase net income.
There are options for potential alternative uses by repurposing an element of the scheme for leisure, office or residential use subject to planning.

EPC’S range from B46 to E118. Full copies available on request.

Title to the DeCourcy Centre comprises a mixture of freehold and leasehold land registered under Folios AN42020, AN49362L, AN156093L and AN49363 all County Antrim.

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