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Colliers International

Colliers International

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Key Information

Price Last listed at £135,000
Style Retail unit
EPC Rating C70/C68
Status Sale agreed


This agent has listed the accuracy as: Quite Near


  • 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.

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 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

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: or

Or Simon Brien Residential
Contact: Anton Dummigan or Simon Brien
Tel: 028 90 668 888
Email: or


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

(since advertised)


Listing Views

Date Views Unique Views Featured Published
18th Dec 5 5 No Yes
19th Dec 4 4 No Yes
20th Dec 3 3 No Yes
21st Dec 1 1 No Yes
22nd Dec 8 8 No Yes
23rd Dec 0 0 No Yes
24th Dec 0 0 No Yes
25th Dec 1 1 No Yes
26th Dec 3 3 No Yes
27th Dec 7 7 No Yes
28th Dec 6 6 No Yes
29th Dec 1 1 No Yes
30th Dec 7 7 No Yes
31st Dec 7 7 No Yes
1st Jan 3 3 No Yes
2nd Jan 7 7 No Yes
3rd Jan 4 4 No Yes
4th Jan 11 11 No Yes
5th Jan 8 8 No Yes
6th Jan 10 10 No Yes
7th Jan 16 16 No Yes
8th Jan 0 0 No Yes
9th Jan 1 1 No Yes
10th Jan 5 5 No Yes
11th Jan 1 1 No Yes
12th Jan 2 2 No Yes
13th Jan 1 1 No Yes
14th Jan 1 1 No Yes
15th Jan 3 3 No Yes
16th Jan 1 1 No Yes

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