2 Park Street, Coleraine, BT52 1BD
£59,500
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.
Ground Floor
First Floor
Outside
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.
Costs to Consider
Rates
£2,832.16 per annum
Stamp Duty
£0*
Ground Rent
Not Provided
Service Charge
Not Provided
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