50 - 54, Waterloo Street, Waterloo Place, Derry / Londonderry , County Londonderry BT48 6HF

Sale agreed
Sale agreed
Price Last listed at Guide price £500,000
Land type Building Site
Status Sale agreed

Contact the Agent

O'Connor Kennedy Turtle (Coleraine)

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Additional Information

Features

  • Central Refurbishment Opportunity With Planning For 19 Residential Apartments
  • OFFERS IN WRITING (PLEASE REFER TO BROCHURE FOR DETAILS)
  • CLOSING DATE: 12.00 NOON 3rd SEPTEMBER 2019

Additional Information

Derry / Londonderry is Northern Irelands 2nd largest city and provides the clear focal point for trade in the North West of the Province and indeed Ireland as a whole. It boasts a great deal of innovation through its Science Park, local employers such as Seagate and many fine seats of learning such as the Magee Campus of the University of Ulster and the North West Regional College.

The City of Derry currently has a residential population of c. 107,877 and a cross border catchment of 400,000.

The subject comprises a ground floor retail unit and 3 no. upper floors (formerly Offices), which, from a commercial perspective could be reutilised with some expenditure. An ATM is also in situ.

The alternative use for the property is clearly mixed use and the planning in place (later described in full) for the creation of 19 apartments (comprising 5 no. two bed and 14 no. one bed units). This will involve raising the existing roof level, adjustment of floor plates and creation of new access routes etc. New scheme will be 6 stories tall.

We are advised that the property is situated in an area of housing need from a social housing perspective, and as such, the approved planning may well tie in with this use too. Technically the title being sold includes the overall ownership of No’s 50 & 52 also at ground floor level but these have been given out on a long leasehold basis for the long term so are of no value or consequence in practice.

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Property Statistics

Total Views

(since advertised)

884

Listing Views

Date Views Unique Views Featured Published Bumped
26th Dec 7 7 No Yes No
27th Dec 4 4 No Yes No
28th Dec 2 2 No Yes No
29th Dec 2 2 No Yes No
30th Dec 1 1 No Yes No
31st Dec 2 2 No Yes No
1st Jan 1 1 No Yes No
2nd Jan 2 2 No Yes No
3rd Jan 5 5 No Yes No
4th Jan 2 2 No Yes No
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8th Jan 1 1 No Yes No
9th Jan 3 3 No Yes No
10th Jan 2 2 No Yes No
11th Jan 5 5 No Yes No
12th Jan 0 0 No Yes No
13th Jan 6 6 No Yes No
14th Jan 0 0 No Yes No
15th Jan 1 1 No Yes No
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18th Jan 0 0 No Yes No
19th Jan 0 0 No Yes No
20th Jan 4 4 No Yes No
21st Jan 5 5 No Yes No
22nd Jan 3 3 No Yes No
23rd Jan 3 3 No Yes No
24th Jan 3 3 No Yes No

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