This agent has listed the accuracy as: General Area
- Well located off licence investment opportunity
- Currently producing a rental income of £15,500 per annum exclusive
- Seeking Offers in excess of £180,000 exclusive representing a net initial yield of 8.43% assuming purchaser’s costs of c. 2.13%
The property comprises two ground floor retail units (trading as one shop) situated within a wider Scheme of six retail units and an Applegreen petrol filling station. The retail court is of traditional construction and is finished to include smooth rendered and painted walls and a pitched tiled roof. Internally the property is finished to a good standard in keeping with the corporate style of the occupier to include plastered painted walls, suspended ceilings, recessed florescent lighting, tiled flooring and double glazing. Old Distillery Court benefits from onsite parking provision of c. 22 spaces.
Coleraine is a large town which acts as the regional centre of the north east and is located approximately 88 km (55 miles) north west of Belfast and 65 km (40 miles) north east of Londonderry. The borough of Coleraine has a resident population of c. 57,000 and encompasses a wider catchment in excess of 200,000. The property is situated on Long Commons at the intersection of Chapel Square, south of the town centre. The immediate vicinity is primarily residential, interspersed with local services and retail offerings. Neighbouring occupiers within the Old Distillery Court development include Chequers, Star Fuels, Applegreen and NFU Mutual.
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