O'Connor, Kennedy, Turtle

1 Kingsgate Street Coleraine, County Londonderry, BT52 1LD

Ref: C4122 to let
Key Features
  • Benefits from prominent corner placement
  • Planning consent for Café

£28,000.00 per annum

Prominent Corner Retail Unit (Planning Permission for Café)

Coleraine is one of Northern Ireland’s leading provincial towns located in the north west of the Province and situated c.56 miles north of Belfast and c.32 miles east of Londonderry. It has a primary catchment of 57,000 people and a secondary catchment of 102,000 people. Coleraine provides the main commercial and retail facilities for the surrounding towns of Ballymoney, Portrush, Portstewart and the Causeway Coast Region. Coleraine is also home to the main campus of the University of Ulster with nearly 6,000 students and c.1,300 employees.

The town has major road and rail links to all other parts of Northern Ireland providing excellent connection services for tourists, commuters and students. The town centre provides a prime location for trade.

Situated within the pedestrian area, the subject occupies a prominent corner site within Coleraine town centre, with excellent frontage. Surrounding occupiers include Carphone Warehouse, DV8, Vodafone and Edition Coffee Shop.

The subject benefits from full planning approval for use as a café, it features a large retail area with a mix of wood panelling and painted walls with tiled floors and some built in seating. The coffee bar and till area is wood effect with overhead lighting. Behind the bar there are stainless steel worktops and sink with ample storage cupboards and tiled walls. Alternatively this space could be cleared and used for retail.

Accommodation

GROUND FLOOR m² sq ft
Retail Area 103.4 1,113
Kitchen 21.7 233
Office 5.6 60
Storage 5.3 57
Various WC Facilities
TOTAL 136 m² 1,463 sq ft

Lease Details

Rent: £28,000 per annum

Term: Negotiable from 3 years

Insurance: Landlord to pay an annual premium, tenant to reimburse with a fair proportion.

Repairs : Tenant to be responsible for internal repairs and maintenance and the upkeep of the shopfront.

NAV / Capital Value

£22,300. The current rate in the pound is 0.588556

VAT

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


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