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Mixed Use Investment Opportunity
692 Sq M / 7,748 Sq Ft approx.
Situated on Main Street, this modern two storey semi-detached retail / office building enjoys good frontage onto Main Street. Adjoining and adjacent occupiers include McCullagh’s Jewellers, Peacocks, Magees Pharmacy, O’Hehirs Bakery, Watsons Menswear, County Seat, Dillons Hotel, Bank of Ireland, Ulster Bank, Courtyard Shopping Centre, etc. etc. The building is located within 120 mts approximately of Market Square. Two public multi-storey carparks are available at Dillons Hotel and the Courtyard Shopping Centre, in addition to on street parking.
The property comprises a hi-profile modern two storey semi-detached purpose built office building incorporating a ground floor lockup retail unit. The property was developed from new to a very high standard in the early 1990’s as a purpose built solicitors office. The gross internal floor area, including the lock-up retail unit extends to 600 Sq M (6,458 Sq Ft) approximately plus roof / attic space storage extending to 96 Sq M (1,033 Sq Ft) approximately.
The sale will be subject to VAT, prices quoted exclude VAT.
The office premises is let on an informal basis to O’Gorman Cunningham & Company Solicitors since 2013 at a rent of €30,000 per annum and the firm has been in occupation since October 1991. The retail unit is let to McCullagh’s Jewellers on an informal lease basis at a rent of €12,000 per annum.
The accommodation and approximate gross internal floor areas are as follows:
Office Unit 207 sq m (2,228 sq ft)
Office Unit 313 sq m (3,369 sq ft)
Roof / Attic Storage 96 sq m (1,040 sq ft)
Lock-up Retail Unit 76 sq m (818 sq ft)
Total 692 sq m (7,448 sq ft)
Special Features & Services
- Town Centre investment opportunity.
- Prominent commercial investment property, extending to a gross area of 692 sq m (7,448 sq ft) approximately.
- Comprising 1 No. office unit and 1 No. retail unit.
- Tenants unaffected by this investment sale.
- Located in close proximity to Market Square.
- Significant vehicular and pedestrian traffic on Main Street.
The BER’s for 16-18 Upper Main Street range from D1 to E2. Individual BER details are available on request from our office.
We understand that the property is held freehold.
From Letterkenny Shopping Centre Roundabout, coming from Derry direction, take the second exit onto Port Road, passing Specsavers on the right and An Grianan Theatre also on the right. Continue through the traffic lights passing the Post Office on the left. Continue straight passing Superdrug on the right and the building is a short distance further along on the right.
Latitude: 54.950170, Longitude: -7.737572 (copy into Google Maps for location / streetview).
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