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27 - 29 Church Street, Coleraine, BT52 1AW
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File Ref: C2393
Also available For Sale
Prominent Retail Unit extending to c. 382.70 sq m (4,112 sq ft) over basement and ground floor
Suitable for a wide variety of uses to include retail / office / Leisure / Restaurant / Civic subject to any necessary planning consents.
The subject property is located on The Diamond, a pedestrianised town centre area occupied by a range of national and local traders. It is one of the main focal points in the Town Centre.
The subject property comprises a prominent retail unit occupying a high profile location on Church Street in the heart of Coleraine’s commercial centre.
The accommodation comprises the former banking hall, offices, storage, kitchen and WC facilities to the ground floor with the upper storage to the basement.
The property is well fitted throughout with finishes including carpeted flooring painted / plastered walls, suspended ceilings with recessed lighting and air conditioning heating.
Suitable for a wide variety of uses to include retail / office / Leisure / Restaurant / Civic subject to any necessary planning consents.
| Ground Floor | 2,503 sq. ft |
| Basement | 1,663 sq. ft |
| Rent: | £35,000 per annum |
| Term: | 10 years with 5 year rent review |
| Repairs / Insurance: | Tenant to be responsible for repairs of lower levels only. Tenant to reimburse proportionally building insurance payments. |
| Price: | £375,000 plus VAT if applicable |
| Title: | Assumed Freehold ownership |
NAV / Capital Value
NAV: £33,800
Estimated rates payable in accordance with LPS Website: £18,770
NOTE: The property is eligible for small business rate relief which would reduce the rates by a further 20%
All perspective purchasers/tenants should make their own enquiries to confirm the NAV / rates payable.
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT.
27 - 29 Church Street, Coleraine, BT52 1AW
The subject property is located on The Diamond, a pedestrianised town centre area occupied by a range of national and local traders. It is one of the main focal points in the Town Centre.
Accommodation Details
| Ground Floor | 2,503 sq. ft |
| Basement | 1,663 sq. ft |
Lease Details
| Rent: | £35,000 per annum |
| Term: | 10 years with 5 year rent review |
| Repairs / Insurance: | Tenant to be responsible for repairs of lower levels only. Tenant to reimburse proportionally building insurance payments. |
Sales Details
| Price: | £375,000 plus VAT if applicable |
| Title: | Assumed Freehold ownership |
NAV / Capital Value
NAV: £33,800
Estimated rates payable in accordance with LPS Website: £18,770
NOTE: The property is eligible for small business rate relief which would reduce the rates by a further 20%
All perspective purchasers/tenants should make their own enquiries to confirm the NAV / rates payable.
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT.
27 - 29 Church Street, Coleraine, BT52 1AW
The subject property is located on The Diamond, a pedestrianised town centre area occupied by a range of national and local traders. It is one of the main focal points in the Town Centre.
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