O'Connor, Kennedy, Turtle

3 –5 Main Street, & 1A Sea Road Castlerock, Derry, BT51 4RA

Ref: C4353 for sale
Key Features
  • Period building with sea views in a popular area close to all amenities
  • Ground floor retail unit under lease
  • NITB approved self catering holiday accommodation
  • Fixtures & Fittings included
  • Potential rental income from £55,000 per annum

offers over £495,000.00

Impressive Mixed Use Income Producing Investment Property

The subject property is located on Main Street within the popular seaside town of Castlerock. It is convenient to all local facilities within Castlerock to include, the beach, shop and local cafes.

The subject is a three–storey period property consisting of retail accommodation on the ground floor, a three bed duplex apartment and a 4 bed townhouse.

The retail unit (No. 3) is currently leased and trading as Chocolate Manor and accommodation consists of a retail area with ancillary facilities to include prep area, office, storage and W.C facilities.

The duplex apartment (No. 1A) comprises three bedrooms with living / dining, kitchen, w.c and bathroom over first and second floors. The property is NITB approved self catering holiday accommodation and is finished to a good standard with views over Downhill Castle, Castlerock Beach and Castlerock Golf Club. The apartment benefits from own door access and a communal rear yard shared with the retail unit.

The townhouse (No. 5) comprises four bedrooms with kitchen / dining, living room and bathroom over ground, first and second floors. The property is NITB approved self catering holiday accommodation and is finished to a good standard with sea views to the rear.

All furniture, fixtures and fittings within the self catering holiday accommodation are included within the sale.

Accommodation

Please refer to attached brochure

Lease Details

Ground floor retail unit under lease generating a rental income of £5,400 per annum

Sales Details

PRICE: Offers over £495,000.

TITLE: Understood to be held by way of freehold or similar long leasehold title.

NAV / Capital Value

From our review of the Land and Property Service online website, the NAV / Capital Value for the subject properties are as follows:

Flat A Sea Road (Duplex): £80,000
5 Main Street (townhouse): £80,000
3 Main Street (Retail Unit): £3,400

The domestic rate in the pound for 2021 / 2022 is £0.008563
The commercial rate in the pound for 2021 / 2022 is 0.533783

Please note that all perspective purchasers should make their own enquiries to confirm the NAV / rates payable.

VAT

All prices, charges and rentals are quoted exclusive of VAT, which may be payable


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