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- Prime fully let town centre commercial investment
- Produces a net annual rent of £25,572
- Seeking offers in excess of £250,000 representing a yield of 10%.
- Three storey mid terrace building extending to 4,259 sq ft (395 sq m)
The property is a commercial building arranged across the ground, first and second floors. It comprises of a fully fitted shop and is finished to a very high standard to include painted and plastered walls, concrete flooring and air conditioning.
The upper floors are separately accessed off Market Street and are finished to a basic standard.
EPC - D80 / C63
The entire building is currently let to Vodafone. The lease terms are as follows:
Term : A term of ten years with effect from 26th March 2012.
Rent : £25,572 per annum exclusive.
Repairs : Full repairing and insuring.
Vodafone was founded in 1983 and are one of the worlds leading mobile communications providers. It operates in 26 countries and has 444 million customers worldwide.
This investment opportunity is offered for sale on a private treaty basis seeking offers over £250,000. A sale at this price would reflect a net initial yield of approximately 10% after purchasers costs and a low £59 per sq ft (£632 per sq m) capital value.
Ground floor - 1,875 square feet
First floor - 1,813 square feet
Second floor - 571 square feet
Total Area: 4,259 square feet
The property is located in Omagh, the county town of Tyrone and is one of the largest towns in the west of Northern Ireland.
Omagh is well positioned on the A5 corridor, the main arterial road network servicing the north west area of the province. Omagh is located approximately 35 miles from Derry/Londonderry and 70 miles from Belfast.
This property is prominently located on Market Street in Omagh town centre opposite Primark and SuperValu, benefiting from high levels of vehicular traffic and pedestrian footall. Nearby occupiers include Santander, Danske Bank and SD Kells.
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