O'Connor, Kennedy, Turtle

11 Kingsgate Street Coleraine, County Londonderry, BT52 1LD

Ref: C6992022 to let
Key Features
  • Prominent Retail Unit

£14,000.00 per annum

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. Vacant possession now available for incoming tenant or owner occupier.

Situated within the pedestrian area, the subject occupies a prominent location within Coleraine town centre, with excellent frontage. Surrounding occupiers include CEX, DV8, Vodafone & Ground Espresso Bars.

Accommodation

Please refer to attached brochure

Lease Details

RENT: £14,000 per annum
TERM: Negotiable
REPAIRS / INSURANCE: Tenant responsible for internal and external repairs and Landlord’s costs in insuring the building.

NAV / Capital Value

We are advised that the current NAV for the entire subject is £18,856 (to be confirmed).
The commercial rate in the pound for 2021 / 2022 is £0.519426.

NB: The property is likely to be eligible for the new 2 year half price rates deal.

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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