59-61 Strand Road, Derry / Londonderry , County Londonderry BT48 7BN

Price £550,000
Price £550,000
Price £550,000
Style Commercial Property
EPC Rating
EPC
Status For sale
  • Additional Information
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  • Personal Notes

Additional Information

Features

  • Prime ground floor retail / restaurant investment situated on the corner of Strand Road and Clarendon Street.
  • Neighbouring occupiers include Tesco, Quayside Shopping Centre, Primrose Patisserie and Saffron Restaurant.
  • 10 year lease to Boojum with a tenant break option at end if year 5.
  • Attractive Net Initial Yield of 8.67% after purchaser's costs of 4.89%

Additional Information

Location
Derry is located 70 miles northwest of Belfast and 31 miles southwest of Coleraine. Due to its strategic location on the border with Donegal, the city benefits from substantial cross border trade. The city is a major administration centre and benefits from an expanding University and a substantially increasing tourism business.

The property is prominently located on the corner of Strand Road and Clarendon Street, directly opposite Tesco and Quayside Shopping Centre. Other neighbouring occupiers include Saffron Restaurant, and Primrose Patisserie.

Tenancy Details
The premises are held under lease by Boojum 17 Ltd t/a Boojum for a term of 10 years from 4th December 2018 at an annual rent of ?50,000 per annum exclusive, subject to a tenant only break clause at 4th December 2023.

Title
The property is held freehold. The upper floors have been sold separately by way of a 999 year long leasehold interest.

Price
Offers are invited in excess of ?550,000 exclusive, subject to contract reflecting an attractive Net Initial Yield of c. 8.67% based upon purchaser's costs of 4.89%

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Property Statistics

Total Views

(since advertised)

1,126

Listing Views

Date Views Unique Views Featured Published Bumped
28th Dec 12 12 No Yes No
29th Dec 11 11 No Yes No
30th Dec 12 12 No Yes No
31st Dec 7 7 No Yes No
1st Jan 6 6 No Yes No
2nd Jan 5 5 No Yes No
3rd Jan 12 12 No Yes No
4th Jan 11 11 No Yes No
5th Jan 5 5 No Yes No
6th Jan 5 5 No Yes No
7th Jan 13 13 No Yes No
8th Jan 7 7 No Yes No
9th Jan 3 3 No Yes No
10th Jan 10 10 No Yes No
11th Jan 5 5 No Yes No
12th Jan 8 8 No Yes No
13th Jan 23 23 No Yes No
14th Jan 11 11 No Yes No
15th Jan 14 14 No Yes No
16th Jan 12 12 No Yes No
17th Jan 13 13 No Yes No
18th Jan 14 14 No Yes No
19th Jan 10 10 No Yes No
20th Jan 13 13 No Yes No
21st Jan 8 8 No Yes No
22nd Jan 6 6 No Yes No
23rd Jan 11 11 No Yes No
24th Jan 9 9 No Yes No
25th Jan 8 8 No Yes No
26th Jan 3 3 No Yes No

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