OKT

New

For
Sale

Back to results

30 - 32 Lodge Road, Coleraine, BT52 1NB

For Sale

Investment

8512Sq Ft

Asking £1,000,000

New

For
Sale

Download brochure

C947

Newly Refurbished / Built Office Investment Property - Tenants : Moore (N.I.) LLP

Passing Rental £82,800 per annum

Parking for c. 24 cars to the rear parking area.

The subject property with generous parking for c. 24 cars is situated at the town side end of Lodge Road, which itself is well known as Coleraine’s traditional office district. Lodge Road, beyond the adjacent Coleraine Grammar School and the Fire Station opposite the subject, is a more residentially focused area providing many of the town’s most notable detached residential dwellings.

The immediate vicinity forms part of the Coleraine Town Centre Area of Townscape Character Neighbouring occupiers include Capital Trust Financial Management, G M Design Associates, Boyd & Logue Dental Surgery, and the Lodge Hotel.

Opportunity to acquire this newly refurbished / redeveloped landmark building set within Coleraine’s premier office sector core, with the benefit of a new 16 year lease on attractive commercial terms to Moore (N.I.) LLP a highly reputable and long established Northern Irish accounting firm, this to be their Flagship Headquarters Building in the northern counties of the Province, and the added attraction of a guarantee from Moore Kingston Smith LLP London.

The purchase price reflects a net initial yield of c. 7.9 %, which, for the long lease being offered here and the quality of the new build and front blocks entirety refurbishment, is exceptionally good value for any purchaser.

Download brochure
Basement: 1,356 Sq. Ft
Ground Floor: 2,603 Sq. Ft
First Floor: 2,724 Sq. Ft
Second Floor: 1,108 Sq. Ft
Third Floor: 711 Sq. Ft
Total 8,512 Sq. Ft
Tenant: Moore (N.I.) LLP with guarantor (See below)
Term: A new 16 year lease from 7th August 2024.
Rent: £82,800 per annum with 5 yearly upwards only rent reviews.
Break Option: Tenant only at the 11th year of the term.
Guarantor: Lease fully guaranteed by Moore Kingston Smith LLP London, one of the Top 10 Accountancy & Advisory practices in the UK.
PRICE: Asking £1,000,000
TITLE: Freehold Ownership

NAV / Capital Value

NAV: £35,200

Rates payable in the previous year by the tenant : £20,608.97

All perspective purchasers should make their own enquiries to confirm any rating queries.

VAT

All prices, outgoings etc are exclusive of, but may be subject to VAT.

30 - 32 Lodge Road, Coleraine, BT52 1NB

Coleraine Town Hall

5 Mins Walk

Bus / Railway Station

6 Mins Walk

The subject property is situated at the town side end of Lodge Road, which itself is well known as Coleraine’s traditional office district. Lodge Road, beyond the adjacent Coleraine Grammar School and the Fire Station opposite the subject, is a more residentially focused area providing many of the town’s most notable detached residential dwellings.

Download brochure

Accommodation Details

Basement: 1,356 Sq. Ft
Ground Floor: 2,603 Sq. Ft
First Floor: 2,724 Sq. Ft
Second Floor: 1,108 Sq. Ft
Third Floor: 711 Sq. Ft
Total 8,512 Sq. Ft

Lease Details

Tenant: Moore (N.I.) LLP with guarantor (See below)
Term: A new 16 year lease from 7th August 2024.
Rent: £82,800 per annum with 5 yearly upwards only rent reviews.
Break Option: Tenant only at the 11th year of the term.
Guarantor: Lease fully guaranteed by Moore Kingston Smith LLP London, one of the Top 10 Accountancy & Advisory practices in the UK.

Sales Details

PRICE: Asking £1,000,000
TITLE: Freehold Ownership

NAV / Capital Value

NAV: £35,200

Rates payable in the previous year by the tenant : £20,608.97

All perspective purchasers should make their own enquiries to confirm any rating queries.

VAT

All prices, outgoings etc are exclusive of, but may be subject to VAT.

Request more information or a callback about this property

Thank you for your enquiry.

30 - 32 Lodge Road, Coleraine, BT52 1NB

Coleraine Town Hall

5 Mins Walk

Bus / Railway Station

6 Mins Walk

The subject property is situated at the town side end of Lodge Road, which itself is well known as Coleraine’s traditional office district. Lodge Road, beyond the adjacent Coleraine Grammar School and the Fire Station opposite the subject, is a more residentially focused area providing many of the town’s most notable detached residential dwellings.

Download brochure

You might also be interested in

For
Sale

For
Sale

For
Sale

For
Sale

Our use of cookies

Some cookies are necessary for us to manage how our website behaves while other optional, or non-necessary, cookies help us to analyse website usage. You can Accept All or Reject All optional cookies or control individual cookie types below.

You can read more in our Cookie Notice

Functional

These cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytics cookies

Analytical cookies help us to improve our website by collecting and reporting information on its usage.

Third-Party Cookies

These cookies are set by a website other than the website you are visiting usually as a result of some embedded content such as a video, a social media share or a like button or a contact map