Price Asking price €350,000
Style Investment Property
Status For sale

Contact the Agent

Sherry Fitzgerald Rainey

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Additional Information

Additional Information

Mixed Use Investment Opportunity

692 Sq M / 7,748 Sq Ft approx.

 

Location

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.

 

Description

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.

 

VAT

The sale will be subject to VAT, prices quoted exclude VAT.

 

Tenancy

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.     

 

Accommodation
The accommodation and approximate gross internal floor areas are as follows:

Ground Floor  

Office Unit  207 sq m (2,228 sq ft)

First Floor  

Office Unit  313 sq m (3,369 sq ft)

Roof / Attic Storage  96 sq m (1,040 sq ft)

Gound Floor

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.

 

BER

The BER’s for 16-18 Upper Main Street range from D1 to E2. Individual BER details are available on request from our office.

 

Title

We understand that the property is held freehold.

 

Directions

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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Property Statistics

Total Views

(since advertised)

264

Listing Views

Date Views Unique Views Featured Published Bumped
21st Apr 0 0 No Yes No
22nd Apr 3 3 No Yes No
23rd Apr 2 2 No Yes No
24th Apr 1 1 No Yes No
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27th Apr 8 8 No Yes No
28th Apr 0 0 No Yes No
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30th Apr 1 1 No Yes No
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2nd May 1 1 No Yes No
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15th May 2 2 No Yes No
16th May 12 12 No Yes No
17th May 2 2 No Yes No
18th May 1 1 No Yes No
19th May 0 0 No Yes No
20th May 7 7 No Yes No

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