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2/4 Waterside, Coleraine, Derry / Londonderry , County Londonderry BT51 3DP

POA

Investment Property For Sale

POA

Investment Property For Sale

Price POA
Style Investment Property
Status For sale

Contact the Agent

Colliers International

  • Additional Information
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Additional Information

Features

  • A prominent mixed use investment opportunity comprising 14 No. apartments (10 No. 1 Beds, 3 No. 2 Beds & 1 No. 3 Bed). 2 No. Retail units of c. 640 sq. ft. and 1,798 sq. ft.
  • Current income of c. £73,000 per annum
  • Prominent location In Coleraine Town Centre
  • Offers over £700,000 exclusive of VAT a sale at this level would reflect a NIY of 9.28% after allowing for purchasers costs of 5.3%

Additional Information

The property comprises 2 No. ground floor commercial units of c. 640 sq. ft. & 1,798 sq. ft. and 14 No. apartments (10 No. 1-Beds, 3 No. 2-Beds & 1 No. 1-Bed).
The property consists of a 3 storey end terrace on a prominent corner site within Coleraine Town Centre.
The accommodation includes 2 retail units on the ground floor level with 14 apartments over 4 levels. Unit 2-4 Waterside extends to c. 1,798 sq. ft. and is occupied by Pizza Pomodoro. Unit 2A Waterside extends to 640 sq. ft. and is occupied by Chinese Medical. The property is currently producing a gross annual income of c. £73,000 with the potential to increase this upon letting the vacant unit. Externally the property is finished with part red brick and painted render with a slate pitched roof. The building has been listed to Grade B2 status.
The apartments are finished to the following specification;
• Plastered/painted walls and ceilings
• Carpeted / vinyl flooring
• Fitted kitchens with tiling to walls
• Bathrooms with sanitary ware
• Economy 7 storage heating, double glazed windows
The retail units are finished to the following specification;
Plastered/painted walls and ceilings
Glazed frontage with an electronic roller shutter / wooden flooring
Suspended ceilings
Double glazed windows in aluminium frames
PRICE
Offers over £700,000 exclusive of VAT a sale at this level would reflect a NIY of 9.28% after allowing for purchasers costs of 5.3%.
EPC
Pending.
FURTHER INFORMATION
For further information or to arrange an inspection of the property, please contact:
Contact: Andrew Lennon or William Knox
Tel: 02890241500
Email: [email protected] or Email: [email protected]

Directions

Coleraine is located near the mouth of the River Bann in County Londonderry, c. 55 miles Northwest of Belfast and c. 30 miles East of Derry/Londonderry, both of which are linked by major road and railway connections.
The property is in Coleraine Town Centre on the West side of the River Bann. The subject occupies a prominent corner site on Waterside the surrounding occupiers are mostly commercial occupiers.

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Property Statistics

Total Views

(since advertised)

1,700

Listing Views

Date Views Unique Views Featured Published Bumped
20th Aug 1 1 No Yes No
21st Aug 6 6 No Yes No
22nd Aug 3 3 No Yes No
23rd Aug 5 5 No Yes No
24th Aug 0 0 No Yes No
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26th Aug 9 9 No Yes No
27th Aug 5 5 No Yes No
28th Aug 4 4 No Yes No
29th Aug 1 1 No Yes No
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31st Aug 7 7 No Yes No
1st Sep 0 0 No Yes No
2nd Sep 4 4 No Yes No
3rd Sep 8 8 No Yes No
4th Sep 1 1 No Yes No
5th Sep 9 9 No Yes No
6th Sep 3 3 No Yes No
7th Sep 7 7 No Yes No
8th Sep 6 6 No Yes No
9th Sep 4 4 No Yes No
10th Sep 5 5 No Yes No
11th Sep 0 0 No Yes No
12th Sep 1 1 No Yes No
13th Sep 6 6 No Yes No
14th Sep 5 5 No Yes No
15th Sep 2 2 No Yes No
16th Sep 0 0 No Yes No
17th Sep 1 1 No Yes No
18th Sep 2 2 No Yes No

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