4 VICTORIA ROAD, LONDONDERRY, BT47 2AB

Type	PROMINENT RESTURANT
Offer Status	For Rent
Estate Agent	O'Connor Kennedy Turtle(Coleraine)

Annually

£ 17,500

EUR 20,648*

US$ 26,053*

Features

PROMINENT RESTAURANT
WITH POTENTIAL FOR OFFICE OR RETAIL SHOWROOM
(SUBJECT TO PLANNING)

Description

Location and Description

Londonderry is Northern Irelands 2^nd largest city and is the hub of the North West of the Province with a catchment population of c. 300,000 people.

Landlord will consider some refurbishment to meet incoming tenants needs in terms of general fit out, dependent on use (rentals may vary accordingly)

Available immediately and ideal for a wide variety of uses subject to planning where necessary to include retail unit / showroom; office; restaurant / café; art gallery etc.

Accommodation

For accommodation details please refer to our brochure attached.

Lease Details

RENT:
Offers Around £17,500 per annum exclusive

TERM:
9 Years with 3 yearly rent reviews

REPAIRS:
Tenant to be responsible for all repairs and maintenance relating to both the interior and exterior of the premises, excepting structural liability.

INSURANCE:
Landlord to pay the annual building insurance premium and the tenant to make fair contribution towards reimbursing this

SERVICE:
A pro rata service charge towards the annual running costs of the complex in general will be levied to include external lighting, planting, maintenance management, security etc.

NAV

We are advised by the Valuation and Lands Agency that the current Net Annual Value of the subject property is £4,950. (TO BE CONFIRMED) The commercial rate in the pound for the Derry City Council Area for the current year is £0.543236.

VAT

All prices, outgoings and rentals quoted are exclusive of, but may be liable to VAT at the standard rate.

Viewing

Contact:    Henry Taggart (Henry.Taggart@okt.co.uk)