Suitable for alternative used subject to the necessary planning permissions
Convenient location close to City Centre
Comprises c. 20,000 sq ft in total
The subject property represents a large prominent building off the Glendermott Road. The property comprises a 4 storey former shirt factory of traditional solid brick wall construction, which local sources indicate was constructed in 1892 for the Young and Rochester Company. The property remained in use as the Ebrington shirt factory until the late 1960’s when it stopped production. The property as left derelict until c. 2000 when a reported £2M investment project started to provide the current layout and the new Ebrington Centre opened in early 2001. The subject property was extended in 2008 with the new theatre extension comprising separate entrance, box office, exhibition space and café bar completing in late 2009. The latter is a 2 storey block of modern construction with a flat roof and smooth external render finish.<br/><br/>Internally the accommodation is arranged over 4 floors generally and comprises a 372 seat auditorium with flexible seating, a licensed bas known as Rochesters, Creche, yoga studio, boxing club, community facilities along with various other offices and facilities. Finishes include plaster painted walls and ceiling, a mix of floor coverings. The property is served at all 4 levels by staircases and an operational lift making it broadly DDA compliant.<br/><br/>We are advised that a number of tenants are currently under occupational leases and generating a rental of £96,649 per annum. Most of the tenants are currently overholding with the exception of the rooftop leases to telecom mast industry.<br/><br/>The property is set within a site of c. 1.27 acres and benefits from c. 100 car parking spaces. The Gateway Studio is also located within the site and comprises a split level 2 storey building with basement storage and ground floor conference room. This building was built within the last 15-17 years or so.<br/><br/>The subject property is:<br/><br/>•zoned as Mixed Use within the Commercial Core of Derry City as designated within the Derry Area Plan 2011.<br/>•not listed or located within a Conservation Area
Derry officially Londonderry is the second largest city in Northern Ireland and the fourth largest in Ireland. The residential population of the city was 107,877 (2011 Census) and a cross border catchment of 400,000 (Derry City Council 2014). <br/><br/>Derry is approximately 70 miles North West of Belfast via the M2/A6 and 21 miles East of Letterkenny in the Republic of Ireland via the N13. The City has very good road and rail links and benefits from its own deep seaport “Foyle Port” and own airport “Derry City Airport” at Eglinton with direct connections to the UK, ROI and Europe.<br/><br/>Derry City is the most youthful city in Ireland with 43% of its residents under 30 years of age and 65 % of working age. The Magee Campus of the University of Ulster is also located within the heart of the Cityside. <br/> <br/>In the last 15 years there has been a major drive to increase inward investment in the City, more recently concentrating on digital industries. The City Centre has two main shopping centres; the Foyleside Shopping Centre which has 45 stores and 1430 parking spaces and the Richmond Centre which has 39 retail units. The Quayside Shopping Centre also serves the Cityside and there is also Lisnagelvin Shopping Centre in the Waterside. <br/><br/>The subject property is located just off the Glendermott Road in the Waterside Area of the City. The area is well connected with rail and bus connections nearby. The Glendermott Road forms part of the A6 road network to Belfast and is convenient to the main A2 road network to Donegal and Coleraine and the main A6 road network to Omagh and Dublin. <br/><br/>The local area is of mixed use to include a variety of commercial and residential users.