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BBC Foyle Studios, 8 Northland Road, Derry, BT48 7GD
New
For
Sale
File Ref: C5097
A landmark opportunity in one of Derry’s most prominent and sought-after locations
Landmark commercial office building in a highly prominent position
Current rating: D95
The opportunity to acquire a landmark commercial office building in a highly prominent position within Derry. The BBC Foyle premises comprise substantial accommodation arranged over multiple floors, historically configured to support a range of broadcasting, office and studio uses, together with associated ancillary facilities.
The building has been well maintained and benefits from modern servicing appropriate to its operational requirements, while also reflecting the character of a well-established institutional property.
Given its scale and prime location, the property may also present potential for alternative uses or redevelopment, including possible conversion to residential or mixed-use accommodation, subject to obtaining all necessary statutory consents.
| Relevant Lettable Area: | 532.6 sq m (5,733 sq ft) |
| LEASE COMMENCEMENT: | 07/12/2004 |
| LEASE EXPIRY: | 28/09/2029 |
| PASSING RENT: | £37,511 per annum exclusive |
| PRICE: | £475,000 |
| TITLE: | Assumed freehold |
NAV / Capital Value
NAV: £38,800
Estimated rates payable in accordance with LPS Website: £27,999.
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.
BBC Foyle Studios, 8 Northland Road, Derry, BT48 7GD
The subject property is located in Derry City which is the second largest City in Northern Ireland, with a regional population of 342,000 people, of whom 36% are under the age of 25 and 65% are of working age. The city lies 70 miles (113 Km) North West of Belfast and acts as the regional capital of the North West.
Accommodation Details
| Relevant Lettable Area: | 532.6 sq m (5,733 sq ft) |
Lease Details
| LEASE COMMENCEMENT: | 07/12/2004 |
| LEASE EXPIRY: | 28/09/2029 |
| PASSING RENT: | £37,511 per annum exclusive |
Sales Details
| PRICE: | £475,000 |
| TITLE: | Assumed freehold |
NAV / Capital Value
NAV: £38,800
Estimated rates payable in accordance with LPS Website: £27,999.
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.
BBC Foyle Studios, 8 Northland Road, Derry, BT48 7GD
The subject property is located in Derry City which is the second largest City in Northern Ireland, with a regional population of 342,000 people, of whom 36% are under the age of 25 and 65% are of working age. The city lies 70 miles (113 Km) North West of Belfast and acts as the regional capital of the North West.
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