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Colliers International

Colliers International

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Key Information

Price £135,000
Style Retail unit
EPC Rating C70/C68
Status For sale

Location

This agent has listed the accuracy as: Quite Near

Features

  • A well presented 3 storey mid terrace property comprising 3 no. 2 bedroom apartments and ground floor retail unit of c. 1,152 sq. ft.
  • Located on the Spencer Road in the Waterside area of Londonderry a short distance from the City Centre
  • Current rental income of £13,092 per annum with potential to increase to £20,400 per annum
  • Offers invited in the region of £135,000 reflecting a Net Initial Yield of 9.18% after allowing for normal purchasers costs of 4.88%

Additional Information

The property is a three storey mid terrace of traditional construction and comprises 3 no. 2 bedroom apartments. and retail unit on ground and basement levels extending to c. 1,152 sq. ft. The apartments are finished to include;
• Plastered / painted walls and ceilings
• Gas Fired Central Heating, Upvc Double Glazing
• Carpeted flooring
• Modern appliances

* Please note the ground floor and basement has been valued as residential for
rating purposes, however HMO approval has been refused for this.

RATES
We are advised by the Valuation and Lands Agency of the following;
Apartment A
Capital Value: £45,000
Rate in the £ 2016/17: £0.008536
Estimated rates payable per annum: £384.12

Apartment B
Capital Value: £45,000
Rate in the £ 2016/17: £0.008536
Estimated rates payable per annum: £384.12

Apartment C
Capital Value: £47,000
Rate in the £ 2016/17: £0.008536
Estimated rates payable per annum: £401.19

Apartment D - Ground Floor & Basement
Capital Value: £65,000
Rate in the £ 2016/17: £0.008536
Estimated rates payable per annum: £554.84

TITLE
Title and contract are available for inspection by appointment only via;
A&L Goodbody, 6th floor, 42-46 Fountain Street, Belfast, BT1 5EF
Contact: Mark Blair
Tel: 028 90 314 466
Email: mblair@algoodbody.com

FURTHER INFORMATION
For further information or to arrange an inspection of the property, please contact:
Contact: Andrew Lennon or Mark Riddell
Tel: 028 90 241 500
Email: andrew.lennon@colliers.com or mark.riddell@colliers.com

Or Simon Brien Residential
Contact: Anton Dummigan or Simon Brien
Tel: 028 90 668 888
Email: adummigan@simonbrien.com or sbrien@simonbrien.com

Directions

The property is located on the Spencer Road in the Waterside area of Londonderry, a 10 minute walk from the City Centre. The property is conveniently situated in the commercial core of the Waterside with a number of neighbouring retail units,
restaurants and local amenities. The property also benefits from a high volume of passing traffic with extensive road frontage on to Spencer Road. Londonderry is the second largest city in Northern Ireland and has a population of 108,000 and
benefits from a catchment population of c. 250,000 (source 2011 census).

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Total Views

(in last 30 days)

58

Listing Views

Date Views Unique Views Featured Published
28th Mar 3 3 No Yes
29th Mar 8 8 No Yes
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22nd Apr 2 2 No Yes
23rd Apr 2 2 No Yes
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25th Apr 2 2 No Yes
26th Apr 2 2 No Yes

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