FOR SALE 7034 4244 OKT.CO.UK
SUBJECT
NEW REDUCED PRICE
74 Duke Street Waterside Derry BT47 6DQ
Front Elevation
Prominent City Centre Property Ideal For Refurbishment / Potential Redevelopment
Belfast Office: 22 Adelaide Street, Belfast BT2 8GD
T: +44 (0)28 9024 8181 F: +44 (0)28 9024 8188 E:
[email protected]
Northern Office: 20 – 22 Stable Lane, Coleraine BT52 1DQ T: +44 (0)28 7034 4244 F: +44 (0)28 7034 4949 E:
[email protected] Partner: Brian Kennedy FRICS FCIArb, Brian Turtle MRICS, Mark Patterson MSc MRICS, Iain McCabe BSc (Hons) MRICS, Ross Sweeney (Hons) MA MRICS Associates: Tracy Moffett BSc (Hons) MRICS, Henry Taggart BSc (Hons) MRICS, Alan McKinstry BSc (Hons) MRICS, Michael Burke BSc (Hons) MRICS
OKT.CO.UK Location / Description
NOTE:
Incorporating 9,900 sq ft of office/storage space plus yard/entry (4,400 sq ft), this prime site is opposite two recently constructed office and apartment blocks by the river. Within Waterside area of the City which is going through a regeneration programme to include new Offices, Apartments, major Health Care Complex, TV Studio, Leisure/Night Club premises and existing Multi Storey Car Park – the Railway Station is close by. The character of the courtyard with existing mews style entrance to same, presents opportunity for major refurbishment and extension to integrate with the existing “Flying Freehold” over two levels. Alternatively, the site is ripe for redevelopment either to include or exclude the “Flying Freehold” (c. 4,300 sq ft) over a different ground floor ownership. Alternatively this could be integrated into a complete new scheme, subject to all necessary Planning and Statutory Approvals. The ground floor below the Flying Freehold has a site area of 2,615 sq ft (243 m²) and while part is subject to a short term tenancy, the owner would consider selling.
The area shown hatched on brochure Site Plan is excluded from the sale and is subject to a Long Sub Lease at ground floor only with sub rent of £50.00 per annum, but has the vendor’s “Flying Freehold over same. The sub tenant has a Licence to park one car in the yard, now used for and oil tank.
Rateable Value We are advised by the Valuation and Lands Agency that the current Net Annual Value of the subject property is as follows:No. 74 No. 74B
Duke Street: Duke Street:
£3,750 £7,250
The commercial rate in the pound for 2016 / 2017 is £0607811. Note: LPS Small Business Rate Relief for premises with a NAV of more than £5,000 but less than £15,000 is 20%.
VAT All prices, outgoings etc are exclusive of, but may be subject to VAT.
Also ideal for renewed use as shop / offices and stores within current configuration.
EPC (Energy Performance Certificate) Accommodation Details FLOOR / DESCRIPTION
AREAS
Ground Offices, Stores, Workshop & Ancillary Space 2329 sq ft First Offices/Storage Front Office Area Offices, Kitchen & Ancillary Space
216.45sq m
1708 sq ft 880 sq ft
158.74 sq m 81.78 sq m
2283 sq ft
212.17 sq m
2101 sq ft
195.26 sq m
Attic Attic Space
600 sq ft
55.76 sq m
TOTAL
9901sq ft
920.16 sq m
Outside Yards & Entry
C. 3036 Sq Ft (282.16 M²)
Second Offices
Sales Details PRICE: Guide Price: £235,000 TITLE:
Held under lease into perpetuity at a rent of £54.00 per annum
Rear Yard
Viewing / Further Details O’Connor Kennedy Turtle 20 – 22 Stable Lane Coleraine BT52 1DQ T +44 (0)28 7034 4244 E
[email protected]
F +44 (0)28 7034 4949
Contact: Henry Taggart E
[email protected] The Our areaRef: shown hatched on brochure Site Plan is excluded from the sale HT/PD/C2274
OKT.CO.UK
Produced by commission of the Ordnance Survey of Northern Ireland on behalf of the controller of Her Majesty’s Stationery Office. Crown Copyright 2006. Licence No. 1211
OKT for themselves and for the Vendors or Lessors of this property whose agents they are give notice that (i) the particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute, nor constitute part of, an offer at contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of O’Connor Kennedy Turtle has any authority to make or give any representation or warranty in relation to this property.
