O'Connor, Kennedy, Turtle

Modern Commercial Unit with Planning Permission for Bulk Retail extending to c. 1,695 Sq. Ft

The subject property is located in Springtown , more specifically off the Northland Road and Buncrana Road. Springtown provides a wide variety of commercial units which are predominantly in use as retail warehouses, offices, light industrial and leisure. Nearby occupiers include North West Regional College, Servall Solutions Limited, Screwfix and PTS Plumbing Trade Supplies.

The subject property is located just over 2 miles from the centre of Derry City with good road network connections via either Northland Road or Buncrana Road. Northern Ireland’s border with the republic of Ireland is less than 2 miles from the subject.

The Buncrana Road is the main connector route between Letterkenny in Co Donegal and Derry City Centre, and as such has a high volume of daily / annual traffic in both directions at peak times, making the nearby border crossing one of the busiest in the region. This of course adds to the attraction of the subject unit and indeed its surrounding units from a business perspective as it is situated only a short distance from Buncrana Road.

The property is of modern construction extending to c. 1,695 sq. ft and finished to a high standard to include ground floor retail / workshop area with kitchen and office space to the first floor. The unit benefits from an electric roller shutter door (4m x 4m) access.

The property would be suitable for a range of uses (subject to planning) and is available immediately.

Accommodation

Please refer to attached brochure

Lease Details

RENT: Guide Rent £12,000 per annum
TERM: New 5 year lease, negotiable
REVIEWS: To be confirmed
REPAIRS: Full repairing and insuring terms
INSURANCE: Landlord to pay tenant to reimburse

NAV / Capital Value

We are advised that the current NAV for the subject is £5,950(workshop).

The commercial rate in the pound for 2022 / 2023 is £0.599193.

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.