2-4 Church Street, Coleraine BT52 1AP

Investment Property (11,253 sq. feet) For Sale
Sold
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Key Information

Style Investment Property
Status Sold

Location

This agent has listed the accuracy as: Quite Near

Prime Retail Investment

Features

  • • Excellent town centre location with a dual frontage onto The Diamond and Church Street the town’s main retail pitches
  • • 100% occupied by two local traders and Next PLC
  • • 88.9% of income is secured against a “Very Low Risk” CreditSafe Rating covenant
  • • Asset Management Opportunities: -
  • o Re-gear of NEXT lease
  • o Extending into second floor void
  • • Current Income £135,000 per annum
  • • Freehold
  • • We are instructed to seek offers in excess of £1,250,000 (One Million, Two Hundred and Fifty Thousand Pounds). A purchase at this level reflects a net initial yield of 10.20% after allowing for acquisition costs at
  • 5.96%
  • EPC Scores: NEXT - E 102
  • Whoosh - F 138
  • Daisy Mae Boutique - G 152

Additional Information

Coleraine is one of Northern Ireland’s leading provincial towns with a resident population of c. 57,000 persons and over 250,000 persons within a 30 minute drive time. The area also benefits from c. 2.5m tourists annually, with a general spend of over £37m per annum.

The property occupies a prominent position in the town centre fronting the dual prime retail pitch of Church Street and The Diamond. The subject is a prominent building and benefits from considerable pedestrian footfall accessing the prime retail thoroughfare from The Mall car park (223 spaces) and Abbey Street Car Park (182 spaces).


Other major tenants in Coleraine Town Centre include M&S Simply Food,Superdrug, Waterstones, O2, Holland & Barrett, Argos, Trespass and Topshop.

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Total Views

(in last 30 days)

23

Listing Views

Date Views Unique Views Featured Published
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