Venue Stormont Hotel, 587 Upper Newtownards Road, Belfast, BT4 3LP
Time Aug 21 at 7:30 PM
Lot 47
Style Shop With Living Accomodation
EPC Rating C70/C68
Status Sold
  • Additional Information
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Additional Information

Features

  • A well presented 3 storey mid terrace property comprising 3 no. 2 bedroom apartments and ground floor retail unit of c. 1,152 sq. ft.
  • Located on the Spencer Road in the Waterside area of Londonderry a short distance from the City Centre
  • Current rental income of £13,092 per annum with potential to increase to £20,400 per annum
  • Net Initial Yield of over 10%
  • EPC Rating; C70/C68

Additional Information

Viewing Times:

By Appointment Through Auctioneer.

The property is a three storey mid terrace of traditional construction and comprises 3 no. 2 bedroom apartments. and retail unit on ground and basement levels extending to c. 1,152 sq. ft. The apartments are finished to include; Plastered/painted walls and ceilings, Gas Fired Central Heating, Upvc Double Glazing,Carpeted flooring and Modern appliances. Please note the ground floor and basement has been valued as residential for rating purposes, however HMO approval has been refused for this.

RATES
We are advised by the Valuation and Lands Agency of the following;

Apartment A
Capital Value: £45,000
Rate in the £ 2016/17: £0.008536
Estimated rates payable per annum: £384.12

Apartment B
Capital Value: £45,000
Rate in the £ 2016/17: £0.008536
Estimated rates payable per annum: £384.12

Apartment C
Capital Value: £47,000
Rate in the £ 2016/17: £0.008536
Estimated rates payable per annum: £401.19

Apartment D - Ground Floor & Basement
Capital Value: £65,000
Rate in the £ 2016/17: £0.008536
Estimated rates payable per annum: £554.84

DIRECTIONS
The property is located on the Spencer Road in the Waterside area of Londonderry, a 10 minute walk from the City Centre. The property is conveniently situated in the commercial core of the Waterside with a number of neighbouring retail units,
restaurants and local amenities. The property also benefits from a high volume of passing traffic with extensive road frontage on to Spencer Road. Londonderry is the second largest city in Northern Ireland and has a population of 108,000 and
benefits from a catchment population of c. 250,000 (source 2011 census).

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Property Statistics

Total Views

(since advertised)

927

Listing Views

Date Views Unique Views Featured Published
17th Jul 17 17 No Yes
18th Jul 10 10 No Yes
19th Jul 13 13 No Yes
20th Jul 8 8 No Yes
21st Jul 7 7 No Yes
22nd Jul 4 4 No Yes
23rd Jul 7 7 No Yes
24th Jul 6 6 No Yes
25th Jul 18 18 No Yes
26th Jul 17 17 No Yes
27th Jul 8 8 No Yes
28th Jul 0 0 No Yes
29th Jul 3 3 No Yes
30th Jul 5 5 No Yes
31st Jul 2 2 No Yes
1st Aug 3 3 No Yes
2nd Aug 2 2 No Yes
3rd Aug 1 1 No Yes
4th Aug 1 1 No Yes
5th Aug 1 1 No Yes
6th Aug 3 3 No Yes
7th Aug 1 1 No Yes
8th Aug 2 2 No Yes
9th Aug 1 1 No Yes
10th Aug 0 0 No Yes
11th Aug 2 2 No Yes
12th Aug 1 1 No Yes
13th Aug 0 0 No Yes
14th Aug 1 1 No Yes
15th Aug 3 3 No Yes

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