Price £1,600,000

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2-4 Church Street & 1-3 Bellhouse Lane

Coleraine, BT52 1AP

Investment Property

Investment Property

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Marketed by Savills (NI) Ltd

+44 28 9027 0000

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Additional Information
  • Excellent location with dual frontage onto The Diamond and Church Street.
  • Coleraine is one of Northern Ireland's strongest provincial retail locations.
  • 100% occupied with tenants Next, Cara Hunter MLA and Whoosh.
  • Current income of £129,750 per annum
  • 93.45% of income is secured against tenants with minimum/lower than average risk
  • Held freehold.
  • The scheme benefits from an abundance of parking.

Landmark, fully income-producing investment in the commercial heart of Coleraine.

The subject property comprises a substantial three-storey corner building occupying a prominent and highly visible position at the junction of The Diamond and Church Street in Coleraine town centre.

Benefiting from an extensive return frontage of approximately 32.6 metres, the property provides excellent prominence and represents one of the most recognisable retail investments within the town centre.

The building extends to approximately 13,428 sq ft and is arranged to provide three self-contained commercial units, while the upper floors provide additional office and ancillary accommodation.

Unit 1-2 is occupied by Next, creating a flagship retail presence with extensive glazed frontage onto both The Diamond and Church Street. The remaining accommodation is occupied by Cara Hunter MLA and Whoosh, providing a diverse and established tenant line-up.

Directions

Situated in the heart of Coleraine town centre, the property occupies a highly prominent position within the town's established prime retail and commercial core. The property benefits from dual frontage onto both Church Street and The Diamond, one of the busiest and most recognisable trading locations in the town. The town acts as the primary retail destination for surrounding towns including Portrush, Portstewart, Ballymoney and Bushmills. The subject property is surrounded by an extensive mix of national and regional retailers, cafés, restaurants and professional services. Convenient public parking is available nearby, including The Mall and Abbey Street car parks, providing excellent accessibility for shoppers, visitors and occupiers. Additionally, Coleraine benefits from the presence of Ulster University’s Coleraine campus, which supports a significant student and staff population.

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