3 & 4 Dacre Terrace, City of Derry, BT48 0XX

Description

FOR SALE
 

HIGHLY PROMINENT CITYSIDE PREMISES

(with Investment Income & Strong Development Potential)

Location & Description
 
Opportunity to acquire this fine dual terraced property and adjoining site, located at the Abercorn Road – Carlisle Road John Street Junction, with great aspect onto Craigavon Bridge and the River Foyle. 
 
Existing buildings comprise No. 3 Dacre Terrace, an impressive 3 storey mid terrace residential dwelling with office potential (subject to planning); No. 4 Dacre Terrace a similar building let to a mix of office tenants and also a gap site where formally stood No. 3 Carlisle Terrace.

Preliminary design advice suggests potential to develop at least nine, 1 bedroomed apartments within the gap site and rear yards to involve some refurbishment of the existing terraces (subject to planning)

All in all three highly visible premises with great prospects for future enhancement.
 
 
Accommodation 
                                                       
For accommodation details please refer to our brochure attached.

Sales Details
 
Price:           Offers around £795,000
 
Title:            Assumed freehold or similar long leasehold.
 
 
 
NAV 
 
We are advised by the Valuation and Lands Agency that the current Net Annual Value for the subject properties are:
3 Dacre Terrace - £235.00
4 Dacre Terrace - £2,150.00
4A Dacre Terrace - £2,800.00
4B Dacre Terrace - £3,000.00
4C Dacre Terrace - £2,600.00
                        
 
 The commercial rate in the pound for the Derry District is £0.524.
 
 
 
VAT 
All rents, outgoings and prices are exclusive of but may be subject to vat.
 
 
 
Viewing

Contact: Henry Taggart (henry.taggart@okt.co.uk) on 02870344244
 
                                                                        

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