123 Spencer Road, Derry / Londonderry BT47 6AE

Guide price £100,000
Commercial Property For Sale
Guide price £100,000

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BRG Gibson Auctions

BRG Gibson Auctions

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Key Information

Venue Stormont Hotel, 587 Upper Newtownards Road, Belfast, BT4 3LP
Time Jun 26 at 7:30 PM
Guide Price £100,000
Style Commercial Property
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
  • Net Initial Yield of over 10%
  • EPC Rating; C70/C68

Additional Information

Viewing Times:

9:30am - 10:00am Wed 13th June
9:30am - 10:00am Tue 19th June
9:30am - 10:00am Thu 21st June


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 and 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

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

(since advertised)

523

Listing Views

Date Views Unique Views Featured Published
19th May 0 0 No No
20th May 0 0 No No
21st May 0 0 No No
22nd May 33 33 No Yes
23rd May 61 61 No Yes
24th May 32 32 No Yes
25th May 12 12 No Yes
26th May 16 16 No Yes
27th May 23 23 No Yes
28th May 10 10 No Yes
29th May 35 35 No Yes
30th May 23 23 No Yes
31st May 32 32 No Yes
1st Jun 37 37 No Yes
2nd Jun 26 26 No Yes
3rd Jun 12 12 No Yes
4th Jun 11 11 No Yes
5th Jun 19 19 No Yes
6th Jun 8 8 No Yes
7th Jun 14 14 No Yes
8th Jun 12 12 No Yes
9th Jun 3 3 No Yes
10th Jun 11 11 No Yes
11th Jun 19 19 No Yes
12th Jun 14 14 No Yes
13th Jun 21 21 No Yes
14th Jun 18 18 No Yes
15th Jun 5 5 No Yes
16th Jun 3 3 No Yes
17th Jun 13 13 No Yes

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