32 The Diamond, Coleraine, BT52 1DP

Features of this property

• PRIME TOWN CENTRE RETAIL UNIT - CURRENTLY C.318.9sq m (C.3,423 sq ft)

Property Description

LOCATION & DESCRIPTION

Coleraine is one of Northern Ireland’s leading provincial towns, having a residential population of 57,000 persons and over 250,000 persons within a 30 minute drive time.

The area also benefits from over c.2.5M tourists annually, with a general spend of over £37M per annum.

The premises occupy a very prominent position in the heart of the town centre in The Diamond just to the front of the town hall.  Surrounding occupiers include :- Next, Superdrug, Argos, First Trust Bank, Ulster Bank, AXA, Waterstones and Edinburgh Woollen Mills.

Coleraine as a town, has shown strong growth in recent years with the development of a £33M hospital, £6M Civic Centre and £2M Bus and Rail Interchange. 

The unit is currently fitted to a high standard to include feature shop front, air handling system, and security system.

Vacant possession date as yet to be advised - these details are a preliminary offering with availability estimated for c. March 2012.

ACCOMMODATION

Please refer to our brochure attached for accommodation sizes and details

LEASE DETAILS

NOTE: THE PREVIOUS OCCUPANT IS IN ADMINISTRATION AND THE END DATE FOR THEIR LEASE IS STILL BEING FINALISED

TERM: New 15 years - Negotiable
RENT: Offers around £52,000 per annum

REPAIRS: Tenant to be responsible for both internal and external repairs
INSURANCE: Tenant to reimburse the landlord in full in respect of the building insurance.

EPC - To be Provided

NAV - £65,200 the commerical rate in the pound is £0.546418.

FURTHER DETAILS / VIEWING - Contact Henry Taggart (henry.taggart@okt.co.uk) or Michael Burke (michael.burke@okt.co.uk) on 02870344244

Location of 32 The Diamond, Coleraine