Royal Mail sorting office in Craigavon on the market for £1.83m

A PURPOSE-built Royal Mail sorting office in Craigavon is on the market for £1.83 million.

Number 2 Balteagh Road, Craigavon in Co Armagh, was built in 1995 and spans 22,087 sq ft and sits within a site of 1.9 acres able to host 134 cars and 10 lorries.

Within the building there is a sorting office, vehicle workshop and ancillary offices/staff facilities, reads the advertisement posted by Lambert Smith Hampton.

The freehold tenure is fully let to Royal Mail Group Limited and represents an industrial investment opportunity for interested parties.

Royal Mail is on contract to lease the site for 20 years, from August 12, 2011, with a current passing rent of £114,213 per annum with five-yearly upward only rent reviews.

The brochure adds: “Craigavon Delivery Office is a principal delivery office network site that forms part of Royal Mail’s “last mile service” commitment. The last mile service commitment is Royal Mail’s obligation to deliver its own and competitor’s mail to customers. All mail collected or to be delivered passes through the delivery office network, thus making Craigavon Delivery Office an integral part of the postal service in the UK.”