Asset Management Opportunities
Amalgamate Vacant Units
26 units vacant of which 12 are less than 1,000 sq ft and 7 of the units are less than 2,000 sq ft. Opportunity to amalgamate various units, providing for larger floorplates.
Tenants Holding over (TBC)
10 tenants accounting for a total of 17% of the gross income are holding over. Opportunity to engage with these tenants and either extend the leases, or obtain vacant possession.
Increase Food & Beverage offering within the scheme to improve overall dwell time.
Ballymena spend more than average on both clothing and footwear therefore an opportunity exists to increase the offering within the scheme.
(Note / All information provided by CACI)
Current Tenants Overholding
|Tenant||Income (TBC)||% of gross income|
|B&M Retail Limited (Regear TBC)||£75,000.00||4.96%|
|The Works Stores Ltd||£57,500.00||3.80%|
|Marie Curie Cancer Care||£14,400.00||0.95%|
|Pearson Professional Assessments Ltd||£10,000.00||0.66%|
|Robert N Morton||£8,250.00||0.55%|
|Bank Machine Ltd||£7,500.00||0.50%|
Anchor / Destination Retailer
Target key retailers such as Asda, Argos, Iceland, TK Maxx and Peacocks.
Dunnes Stores currently trade from a 14,004 sq ft unit which is arranged over 2 floors. Centre configuration offers strategic opportunity to extend the Dunnes Stores unit.
Improve Dwell Time
Food related offerings currently account for only 5.56% of the total gross income. Increase the dwell time in the scheme by increasing the food offering to excess of 15%.
B&M account for 4.96% of the overall gross income and are holding over. Opportunity exists to extend the B&M lease.