Situated within the pedestrian area, the subject occupies a prominent location within Coleraine town centre, with excellent frontage on to both New Row and Society Street. Surrounding occupiers include, the Post Office, Moores ( a large independent department store), and several multinational retailers including Clockwork Orange, Boots and Marks and Spencer . The property is also situated adjacent to two of the town's main car parks facilitating ease of access. Offered primarily as a redevelopment opportunity, the subject incorporates premises of over 12,700sq ft of retail, office, storage accommodation and onsite parking, set within a site extending to c. 0.28 acres.
The subject is currently generating a good rental return from four let units and has potential for partial or full redevelopment.
Accommodation
Please refer to attached brochure
Lease Details
Please refer to attached brochure
Sales Details
PRICE:TotalOffers Around £350,000
Offers may be considered on Separate Lots
TITLE:Assumed Freehold or Long Leasehold
NAV / Capital Value
We are advised by the Land and Property Service that the current NAV for the subject as follows:
32 New RowShop Ground Floor£ 8,300
32A New RowOffices (1st Floor)£ 1,850
32B New RowOffices (1st Floor) & Car Space£ 2,950
32 New RowOffice (1st Floor)£ 690
32D New RowOffice (1st Floor)£ 1,300
32F New RowShop£ 8,100
32H New RowStore£ 890
32I New RowStore (Rear, Ground Floor)£ 1,350
36 New RowClub Rooms£11,800
36A New RowAmusement Arcade£ 3,150
31 Society StStores£ 5,550
The commercial rate in pound is £0.568776
VAT
All prices quoted are exclusive of VAT
Listed Features
- Post Office
- Storage
- Parking
- Office
- Multiple floors
- General Retail