Prime Retail Premises
Price £160,000 Rent £20,000 Per Annum
For Sale/To Let
Coleraine situated approximately 55 miles north of Belfast and 30 miles east of Derry/Londonderry is a major administrative, university and tourist location served by excellent bus, rail and road networks with a population of c. 25,000 people and benefitting from a large catchment area with towns such as Ballymoney, Portstewart and Portrush situated in close proximity. The town forms part of the Causeway Coast & Glens region which is home to some of NI's top tourist attractions.
The subject property occupies a prime position on pedestrianised Kingsgate Street with nearby occupiers including Hays Travel, Ground Coffee, DV8, CEX, Vodafone and Snappy Snaps.
The property provides modern retail/office accommodation at ground floor level finished to include plastered/painted walls, suspended ceilings, recessed lighting, carpeted floors and benefitting from an extensive glazed frontage of approx. 9 metres.
The first floor level provides kitchen and WC facilities. There is additional accommodation at first floor level not currently accessible which may provide an opportunity to increase the usable floor area, subject to any necessary works and consents.
The property provides an approximate area of 1,244 sqft (115.57 sqm).
We understand that the property is held Freehold.
Price - On Application.
Rent - £20,000 per annum exclusive, subject to contract.
Net Annual Value
We are advised by LPS that the NAV is £25,200, resulting in rates payable of approx. £13,994 for 2023/24.
All prices, rentals and outgoings are quoted net of VAT which may be chargeable at the prevailing rate.