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

Guide price £500,000
Guide price £500,000
Price Guide price £500,000
Land type Building Site
Status For sale

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)

437

Listing Views

Date Views Unique Views Featured Published Bumped
21st Aug 11 11 No Yes No
22nd Aug 11 11 No Yes No
23rd Aug 11 11 No Yes No
24th Aug 7 7 No Yes No
25th Aug 5 5 No Yes No
26th Aug 1 1 No Yes No
27th Aug 8 8 No Yes No
28th Aug 12 12 No Yes No
29th Aug 5 5 No Yes No
30th Aug 6 6 No Yes No
31st Aug 4 4 No Yes No
1st Sep 7 7 No Yes No
2nd Sep 5 5 No Yes No
3rd Sep 8 8 No Yes No
4th Sep 2 2 No Yes No
5th Sep 2 2 No Yes No
6th Sep 3 3 No Yes No
7th Sep 5 5 No Yes No
8th Sep 3 3 No Yes No
9th Sep 0 0 No Yes No
10th Sep 7 7 No Yes No
11th Sep 6 6 No Yes No
12th Sep 13 13 No Yes No
13th Sep 16 16 No Yes No
14th Sep 8 8 No Yes No
15th Sep 3 3 No Yes No
16th Sep 3 3 No Yes No
17th Sep 4 4 No Yes No
18th Sep 5 5 No Yes No
19th Sep 3 3 No Yes No

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