9246sq ft
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13 Kingsgate Street, Coleraine, BT52 1LB
To
Let
Prime Retail Premises
c. 9,246 sq ft
Current rating: E112
The property is located on the south side of Kingsgate Street, a pedestrianised retail location which forms part of the prime retail pitch in Coleraine town centre adjoining Church Street. The surrounding area comprises a mix of national and strong local covenants.
The premises is a significant three storey, mid–terrace retail and storage building of approximately 859 sq m (9,246 sq ft), fitted out to a high standard and is available with minimal ingoing expenditure.
| GROUND FLOOR | c. 383 sq m (4,122 sq ft) |
| FIRST FLOOR | c. 403 sq m (4,338 sq ft) |
| SECOND FLOOR | c. 52 sq m (564 sq ft) |
| TOTAL ACCOMMODATION | c. 21 sq m (222 sq ft) |
| RENT: | £40,000 per annum |
| TERM: | 10 years with upwards only review at the expiry of the 5th year |
| REPAIRS/INSURANCE: | Tenant responsible for all repairs and reimbursement of the buildings insurance premium |
Also available for sale, details as follows:
| PRICE | We are seeking offers in the region of £450,000 |
| TITLE | We assume the property is held under freehold title |
NAV / Capital Value
NAV: £48,600.
Estimated rates payable in accordance with LPS website: £26,373.86.
Please note that all prospective 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.
Accommodation Details
| GROUND FLOOR | c. 383 sq m (4,122 sq ft) |
| FIRST FLOOR | c. 403 sq m (4,338 sq ft) |
| SECOND FLOOR | c. 52 sq m (564 sq ft) |
| TOTAL ACCOMMODATION | c. 21 sq m (222 sq ft) |
Lease Details
| RENT: | £40,000 per annum |
| TERM: | 10 years with upwards only review at the expiry of the 5th year |
| REPAIRS/INSURANCE: | Tenant responsible for all repairs and reimbursement of the buildings insurance premium |
Sales Details
Also available for sale, details as follows:
| PRICE | We are seeking offers in the region of £450,000 |
| TITLE | We assume the property is held under freehold title |
NAV / Capital Value
NAV: £48,600.
Estimated rates payable in accordance with LPS website: £26,373.86.
Please note that all prospective 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.
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