2 Park Street, Coleraine, BT52 1BD

Offers Over

£59,500

Typical Mortgage

per month

Retail

Contact Agent

Armstrong Gordon & Co.

Description & Features

Superb investment opportunity for someone wishing to purchase a prime town centre retail unit for either rental purposes or for conversion to residential dwelling subject to necessary consents. The property currently has a shop with upstairs lounge /kitchen area and has use of a communal area to side . There are several large commercial redevelopments planned for the immediate vicinity.

PVC Double Glazed Windows
Town Centre Location
Could Be Suitable For Conversion Back Into Home Subject To Necessary Consents
Current Tenant Is Has a 5 Year Lease (from May 2024) Deriving A Rental Income of £6,000.00 p/a

Room Measurements

RECEPTION: 4.04m x 3.84m (13' 3" x 12' 7"): With strip lighting, laminate wood floor and door leading onto Park Street.
MAIN OFFICE: 4.85m x 3.99m (15' 11" x 13' 1"): With strip lighting and laminate wood floor.
REAR OFFICE: 3.58m x 3.53m (11' 9" x 11' 7"): With storage cupboard and laminate wood floor.
SEPARATE WC:: With wash hand basin.
KITCHEN: 3.58m x 3.02m (11' 9" x 9' 11"): With single drainer stainless steel sink unit, fireplace and shelving.
LOUNGE: 3.18m x 2.67m (10' 5" x 8' 9"): With fireplace, built in storage and additional built in storage with shelving.
: Common yard with bins.

Housing Tenure

Type of Tenure

Leasehold

Ground Rent

£0.00

A review period for ground rent has not been provided

Service Charge

£0.00

A review period for service has not been provided

Length of Lease

Not Provided

Location of 2 Park Street

This property is located on the way from the mall car park towards Coleraine town centre and just before the O2 shop. The property is located opposite Smyths Country Sports.

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