The Diamond Pantry And Newsagents, 1 Abbey Street, Coleraine, Londonderry, BT52 1BF
Sale Agreed Offers in the region of £149,950 Convert to EUR
|Property Type:||Retail||Price:||Offers in the region of £149,950 Convert to EUR|
|Bedrooms:||-||Offer Status:||Sale Agreed|
Features of this property
- Well established newsagents, confectioners and hot food business
- Prominent location, overlooking The Diamond
- Available as a trading business or with vacant possession
- C. 1,852 sq. ft.
Coleraine is a provincial town located c. 56 miles north west of Belfast. The town is located close to the mouth of the River Bann and acts as the administrative and retail centre for a wide catchment area covering the north coast of the province and beyond.
The subject property occupies a prominent retail location adjacent to Coleraine’s prime retail pitch, The Diamond, with the Diamond Shopping Centre located immediately to the rear. UK retail multiples are well represented within the town with occupiers such as TK Maxx, New Look, Sports Direct and Claire’s Accessories all located nearby.
The subject property comprises a two storey, mid terrace period property offering c. 1,852 sq. ft. of accommodation arranged over ground and first floor levels. The property is currently trading as ‘The Diamond Pantry and Newsagents’.
Internally the property contains an extensive ground floor sales and food preparation area with ancillary staff and storage areas offered to the rear and at first floor level. The property has been finished internally to provide suspended ceilings, recessed heating and cooling units, recessed lighting and plastered and painted walls.
The vendor will consider offers for the business along with offers for the property on a vacant possession basis.
A full inventory of fixtures and fittings along with trading accounts can be provided to genuinely interested parties upon request.
By special appointment with the sole letting agent, Lisney.
Retail - 78.62 sq m (846 sq ft)
Store - 1.61 sq m (17 sq ft)
Kitchen - 14.71 sq m (158 sq ft)
Store/Preparation - 7.42 sq m (80 sq ft)
Rear Store - 20.78 sq m (224 sq ft)GF Total - 123.14 sq m (1,325 sq ft)
Stores - 46.41 sq m (500 sq ft)
Kitchen - 2.52 sq m (27 sq ft)
FF Total - 48.93 sq m (527 sq ft)
Total - 172.07 sq m (1,852 sq ft)
The current rating liability is as follows:
Rate in the £ 17/18: 0.573976
Rates Payable: £6,772.92
Figures are exclusive of 20% Small Business Rates Relief which is applicable to rating assessments of up to £15,000 NAV.
All existing staff are to be included in this disposal as they will be protected by TUPE (transfer of undertakings) regulations.
The property has an energy rating of C53.
A full certificate can be made available upon request.
Offers in the region of £149,950 to include the business as a trading entity are invited.
The property is understood to be held Freehold.
All prices, outgoings and rentals are stated exclusive of but may be liable to VAT.
Location of The Diamond Pantry And Newsagents, 1 Abbey Street, Coleraine
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Energy Performance Asset Rating
This property has an energy efficiency rating of 53
Report reference number:0790-0133-5069-0890-3092Download EPC Certificate