O'Connor, Kennedy, Turtle

1 Letterloan Road, Macosquin Coleraine, County Londonderry, BT51 4PP

Ref: C4420 for sale
Key Features
  • Former Concrete Manufacturing Premises
  • Set within 7.96 Acres

offers over £900,000.00

Former Concrete Manufacturing Premises set within 7.96 Acres

Coleraine is one of Northern Ireland’s leading provincial towns located in the north west of the Province, situated c.56 miles north of Belfast and c.30 miles east of Londonderry. The town is located on the bank of the River Bann and lies a short distance south of Portstewart, a popular tourist destination and one of the country’s most affluent areas.

The town benefits from excellent accessibility to Northern Ireland’s road network, and sits on the convergence of the A37, A29 and A26 main roads.

The A37 runs direct to Derry City via Limavady whilst the A29 runs south along the west of Lough Neagh where it meets the M1.

The A26 runs to the southeast to Ballymena where it meets the M2 motorway which in turn provided access to Belfast from the north.

The subject is situated c. 3.5 miles southwest of Coleraine close to the small settlement of Macosquin and the A29 road which connects between Coleraine and Limavady. Nearby occupiers include Whitemountain Quarries Ltd, A1 Tyres and W&J Chambers Ltd.

The property comprises a former cement production plant to include a range of warehouses, office and a large industrial yard extending to c. 7.96 acres in total. It is accessed via a right of way from Letterloan Road along a shared unadopted road.

Accommodation

Please see brochure for accommodation details.


Sales Details

PRICE: We are seeking offers over £900,000

TITLE: We assume the property is held under freehold or similar long leasehold title

NAV / Capital Value

We are advised that the current NAV for the subject is £99,700 (Concrete Production Plant). The commercial rate in the pound for 2022 / 2023 is £0.542672.

Please note that all perspective 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


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