5A, 5B And 8-13A Anderson Avenue, Limavady BT49 0TF

Price £975,000
Investment Property For Sale
Price £975,000

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O'Connor Kennedy Turtle (Coleraine)

O'Connor Kennedy Turtle (Coleraine)

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Key Information

Price £975,000
Style Investment Property
Status For sale


  • Impressive Mixed Use Investment Property

Additional Information

The subject is prominently located within Anderson Avenue which is situated on the corner of Edenmore Road & Greystone Road approximately 1.2 miles from Limavady town centre. The village centre development is popular with local business users and customers alike and also is the base for a large local veterinary practice.

The subject comprises 2 No. mixed use buildings, the first is a single storey building consisting of 2 no. commercial units extending to c. 2,000 sq. ft. and the second is a large 2 storey property with 5 no. units made up of retail and office accommodation extending to c. 5,000 sq. ft. There is also a secure tarmac yard to the rear of the building which contains a mobile unit which is currently also income producing as office accommodation. The parking are to the front of the property is also owned and being sold as part of the overall investment package.

Internal finishes to the building are to tenant’s specification, with the property in general being extremely well maintained.

All of the subject units are currently let with the exception of Unit 10 which has been agreed in principal at a rent of £5,200 per annum to a beautician. Unit 10 has also received an offer for single purchase of £100,000.

Excellent opportunity to acquire this prominent mixed use investment, with good asset management opportunities in terms of rental growth. Investment risk is lower than usual with a good spread of tenants within the portfolio, most of which have a very low risk of vacancy.

Viewing by appointment with agent only during normal working hours.

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