The Diamond Pantry And Newsagents, 1 Abbey Street, Coleraine, Londonderry, BT52 1BF

For Sale Offers in the region of £149,950 Convert to EUR

Key Information

Property Type: Retail Price: Offers in the region of £149,950 Convert to EUR
Bedrooms: - Offer Status: For Sale
Receptions: - EPC Rating: 53

For more information on this property call 028 9050 1501 or Email Agent

Contact the Agent

Lisney (Belfast)

1st Floor, Montgomery House, Belfast, BT1 4NX

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    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.

    Property Description

    Location

    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.

    Full Description

    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.

    Business

    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.

    Viewing Details

    By special appointment with the sole letting agent, Lisney.

    Accommodation

    Ground Floor

    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)  

    First Floor

    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)

    Business Rates

    The current rating liability is as follows:

    NAV: £11,800

    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.

    TUPE

    All existing staff are to be included in this disposal as they will be protected by TUPE (transfer of undertakings) regulations.

    EPC Rating

    The property has an energy rating of C53.

    A full certificate can be made available upon request.

    Asking Price

    Offers in the region of £149,950 to include the business as a trading entity are invited.

    Title

    The property is understood to be held Freehold.

    VAT

    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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    Contact the Agent

    Lisney (Belfast)

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    How much will it cost?

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    Other costs to budget for

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