Ballymena retail park on the market for £1.5m

Ballymena retail park on the market for £1.5m

The Pentagon Retail Park in Ballymena has gone on the market with an asking price of £1.5 million.

Home to Halfords and Subway, it is the latest retail asset in the area to be put up for sale.

The Fairhill Shopping Centre in Ballymena was sold to local developer Magell in June, while the nearby Braidwater Retail Park, which went on the market in October with an asking price of £4.5m, is already under offer, according to Savills.

Built in 1998, the Pentagon Retail Park includes a McDonalds outlet, which has already been sold off on a 10,000-year leasehold to the fast food giant.

The sale comes during a busy period for the retail property market. The Shane Retail Park in Belfast, Lisnagelvin Retail Park in Derry, The Showgrounds Retail Park in Omagh and Balloo Retail Park in Bangor were among the major deals done in 2021.