5485Sq Ft
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Church Lane Arcade, Coleraine, BT52 1AG
For
Sale
Town Centre Redevelopment Opportunity
Total Area of 5,485 sq ft
The subject comprises 6 no. vacant units totalling c. 5,485 sq ft of retail / hot food take–away accommodation.
The total site extends to c. 0.2 acres (638 sq m), planning permission is under consideration for demolition of the existing retail unit to provide 9 no. residential apartments.
| 3 Church Lane: | c. 86 sq m (919 sq ft) |
| 4 Church Lane: | c. 96 sq m (1,032 sq ft) |
| 5 Church Lane: | c. 114 sq m (1,229 sq ft) |
| 6 Church Lane: | c. 45 sq m (485 sq ft) |
| 7 - 8 Church Lane: | c. 80 sq m (857 sq ft) |
| 9 - 10 Church Lane: | c. 90 sq m (963 sq ft) |
| Total Net Internal Area: | c. 511 sq m (5,485 sq ft) |
PRICE: We are seeking offers over £250,000
TITLE: Assumed Freehold or Long Leasehold
NOTE: Potential to Purchase Neighbouring Lots as indicated on map above.
1. 30–32 Church Street Investment producing £30,000 per annum
2.Cleared site at Church Lane with residential / commercial redevelopment potential STPP
3. 24 Church Street Investment producing £32,500 per annum
Further details available on request.
Planning
Demolition of existing buildings and proposed redevelopment to provide 9 no. residential apartments, 3 no. roof terraces and erection of new access gates.
Planning Ref: LA01/2022/0291/O - Pending Approval
NAV / Capital Value
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
Church Lane Arcade, Coleraine, BT52 1AG
Coleraine is one of Northern Ireland’s leading provincial towns and provides a prime focus for retail trade regionally as the capital of the Causeway Coast with over 2.0m visitors annually to the region
Accommodation Details
| 3 Church Lane: | c. 86 sq m (919 sq ft) |
| 4 Church Lane: | c. 96 sq m (1,032 sq ft) |
| 5 Church Lane: | c. 114 sq m (1,229 sq ft) |
| 6 Church Lane: | c. 45 sq m (485 sq ft) |
| 7 - 8 Church Lane: | c. 80 sq m (857 sq ft) |
| 9 - 10 Church Lane: | c. 90 sq m (963 sq ft) |
| Total Net Internal Area: | c. 511 sq m (5,485 sq ft) |
Sales Details
PRICE: We are seeking offers over £250,000
TITLE: Assumed Freehold or Long Leasehold
NOTE: Potential to Purchase Neighbouring Lots as indicated on map above.
1. 30–32 Church Street Investment producing £30,000 per annum
2.Cleared site at Church Lane with residential / commercial redevelopment potential STPP
3. 24 Church Street Investment producing £32,500 per annum
Further details available on request.
Planning
Demolition of existing buildings and proposed redevelopment to provide 9 no. residential apartments, 3 no. roof terraces and erection of new access gates.
Planning Ref: LA01/2022/0291/O - Pending Approval
NAV / Capital Value
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
Church Lane Arcade, Coleraine, BT52 1AG
Coleraine is one of Northern Ireland’s leading provincial towns and provides a prime focus for retail trade regionally as the capital of the Causeway Coast with over 2.0m visitors annually to the region
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