2584Sq Ft
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24 Church Street, Coleraine, BT52 1AR
For
Sale
Prime Retail Investment
The subject comprises a three–storey mid terrace retail unit with offices at first floor level. It enjoys good frontage onto Church Street. The ground and first floors have relatively recently been extensively invested in by the tenant and the property is very well finished at this point. There is now a private consultation room for jewellery.
The property is occupied by Bonds Jewellers in its entirety who have been trading from this location for almost 15 years to date. Bonds Jewellers is a family run business established in 2008 with 2 stores in the North of the province.
The investment purchase opportunity at this point is obvious with the lease just renewed and a long term stretching out into the future with a well proven tenant on board.
| Ground Floor | c. 112 sq m (1,208 sq ft) |
| First Floor | c. 84 sq m (906 sq ft) |
| Second Floor | c. 44 sq m (470 sq ft) |
| Total Net Internal Area: | c. 240 sq m (2,584 sq ft) |
Tenant: Bond Jewellers Ltd
Rent: Renewed lease at £27,500 p.a. from 1 July 2023
Term: 10 years with break option at the 5th anniversary
Price: We are seeking offers over £325,000
Title: Assumed freehold or long leasehold
NAV / Capital Value
NAV: £25,800.
Estimated rates payable in accordance with LPS website: £14,327.39.
The tenant pays the occupied property rates on this property for the entirety.
Please note that all perspective purchasers 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. 112 sq m (1,208 sq ft) |
| First Floor | c. 84 sq m (906 sq ft) |
| Second Floor | c. 44 sq m (470 sq ft) |
| Total Net Internal Area: | c. 240 sq m (2,584 sq ft) |
Lease Details
Tenant: Bond Jewellers Ltd
Rent: Renewed lease at £27,500 p.a. from 1 July 2023
Term: 10 years with break option at the 5th anniversary
Sales Details
Price: We are seeking offers over £325,000
Title: Assumed freehold or long leasehold
NAV / Capital Value
NAV: £25,800.
Estimated rates payable in accordance with LPS website: £14,327.39.
The tenant pays the occupied property rates on this property for the entirety.
Please note that all perspective purchasers 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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