Prominent Town Centre Property
Maghera is a town at the foot of the Glenshane Pass in Co. Londonderry located in Mid Ulster approximately 40 miles north west of Belfast and 30 miles south east of Londonderry with a population of c.4,200 people (2011 Census) and acts as a hub for the surrounding rural hinterland.
The subject property is situated in the heart of the town centre on Main Street at its junction with Meeting House Avenue benefitting from high volumes of vehicular and pedestrian traffic. Nearby occupiers include Crawfords Supermarket, Scotts Hardware, M&M Footwear, Boots Pharmacy, McAtamney's Butchers and Walsh's Hotel.
Grade B1 Listed (HB Ref No: HB08/05/004) detached former bank premises of a traditional construction.
Two storey stone building to the front beneath a hipped slate roof with an abutting two storey and single storey extension to the rear beneath pitched and flat roofs.
Attractive façade with detailing such as cornice, string course, quoins, parapet wall and timber framed single glazed sliding sash windows. The rear extension has a painted rough rendered and a brown facing brick finish.
Large enclosed car park laid in tarmacadam to the rear.
The ground floor, which sits above pavement level, is accessed via steps and is configured to provide a former banking hall, open plan office, three private offices and a vault to the rear.
The first floor comprises office, store, kitchen and WC facilities.
The second floor comprises two offices, three stores and WC facilities.
Internal fitout includes:
Plastered/painted, timber panelled and papered walls.
Plastered/painted and suspended ceilings.
Range of fluorescent ceiling and wall lighting.
Carpet and vinyl floor coverings.
Part perimeter trunking.
Air conditioning and wall mounted electric radiators.
The property provides an approximate net internal area of 2,992 sqft (277.97 sqm).
The property occupies a site area of approximately 0.14 acres (0.057 ha).
We are advised that the property is held Freehold Absolute.
We have been advised by Land & Property Services that the Net Annual Value for the property is £10,300, resulting in rates payable for 2023/24 of approximately £5,494 (excluding any reliefs that may be applicable).
Offers in excess of £180,000 exclusive, subject to contract.
We are advised that the property is not elected for VAT.