43 KINGSGATE STREET, COLERAINE, BT52 1LD

Type	RETAIL/CAFE
Offer Status	Let Agreed
Estate Agent	O'Connor Kennedy Turtle(Coleraine)

Monthly

£ 10,500

EUR 11,624*

US$ 15,873*

Features

BY WAY OF ASSIGNMENT
RETAIL/CAFE OPPORTUNITY
C.635 SQ FT (59.0 SQ M)

Description

Location & Description

This excellent unit is located on Kingsgate Street, one of the busiest pedestrian thoroughfares leading into the town centre. It is clearly visible from both the Railway Road and the Lodge Road and also benefits from a high level of passing traffic.

This is a great opportunity for a new business or an existing business to locate closer to Coleraine’s town centre.

Surrounding occupants include Mary & Martha, Hairoscope, Ground Espresso Bars; Oxfam; Boyd & Logue, Craft Corner and Café Rendezvous.

The premises are available for occupation by negotiation over the coming months.

Accommodation

                                                       M²                    Sq Ft

Ground Floor

Main Area                          25.4                  273
Preparation Area                10.8                  116

First Floor

Office 1                           15.2                  164
Office 2                             7.6                  82

Total:                59.0 M²             635 Sq Ft

NAV

We are advised by the Valuation and Lands Agency that the current Net Annual Value of the subject property is £6,350. The commercial rate in the pound for the Coleraine District for the current year is £0.500077.

Lease Details

RENT:                £10,500 per annum.

TERM:               5 Years from 1^st June 2007

REPAIRS:          Tenant is responsible for external and internal repairs.

INSURANCE:        Landlord pays the annual building insurance premium, and Tenant reimburses proportionally.

VAT

Prices, outgoings and rentals are exclusive of, but may be liable to VAT.

Viewing

Strictly by appointment with:

Contact:   Henry Taggart
Email: Henry.Taggart@OKT.co.uk

                   OR

Michael Burke
Email: Michael.Burke@OKT.co.uk

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