Beresford Court & Distillery Court, Off Beresford Road, Coleraine, Co Londonderry, BT52 1SU

Features of this property

• Residential Investment Block - 18 Apartments

Property Description

Town centre location, subject to Planning, may suit conversion to Student Housing Accommodation or Office / Showroom use.

Potential Gross Income  :  £66,000 per annum.

Current Gross Income  :    £59,100 per annum (Only two vacant units)

All within one property block with two separate entrances to each of the Beresford and Distillery Court sections and each with 9 apartments.

Coleraine has its University and the Causeway Regional Hospital as linchpin employers.

Subject to refurbishment, this property could be improved to provide an enhanced and easier managed rental income. All existing tenancies are short term to assist a phased refurbishment programme.

Most convenient location, close to Tesco by the river and all other town centre amenities.

Apartments per floor over three levels to include ground floor - 12 no. two bedroom apartments and 6 no. one bedroom apartments.

Internal floor areas of each range from 415 sq f (38.6 m²) to 740 sq ft (68.7 m²).

ACCOMMODATION

Please refer to attached brochure.

SALES DETAILS

Price:

Offers Over £600,000

Title:

Fee Farm Grant, indemnified against payment of rents - inside red outline. Blue area on sale map is subject to 999 years lease, together with right of way over area coloured yellow. The yellow area is to be kept in good repair - one third cost shared by the blue area, the Apartment Block and the shaded area to the rear, which also has ROW over same.

The upkeep cost of the green area is equally shared by the rear hatched area. The latter also has ROW for all purposes over the purple area.

The pink area is for the benefit of hatched area’s car parking and replication of same into the purple area in the event of development.

The balance of the white area constitutes the extent of Beresford Court.NAVs: Please refer to attached brochure.

VAT:

All prices, outgoings etc quoted are exclusive of, but may be subject to VAT.

VIEWING:

Contact: Tony O'Connor

tony.o'connor@okt.co.uk

Tel: 028 7034 4244

Location of Beresford Court & Distillery Court, Coleraine