Asking price reflects a net initial yield of approximately 8.87% after purchasers costs of 3.3%.
Coleraine is located approximately 55 miles to the north of Belfast and 30 miles east of Londonderry. Coleraine Borough has a primary catchment of in excess of 57,000 people with a secondary catchment of approximately 102,000 people.
Coleraine also provides the main commercial and retail facilities for the surrounding towns of Ballymoney, Portstewart and Portrush and also the Causeway Coast region which attracts over 2.5 million visitors per year.
The subject unit occupies a prime position on pedestrianised Kingsgate Street with other retailers nearby including Thomas Cook, Vogue, DV8, CEX, Starbucks and Vodafone.
In addition to being the major tourist location for Northern Ireland and home to the Giants Causeway other major employers within the town include the Ulster University, Northern Regional College, Coleraine Hospital, Lynas Food, and Northstone.
Status: For Sale
Stamp Duty: £0*
* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.