Closing Date For Offers 12.00 Noon 10th September 2019.
All offers to be made in writing.
Derry / Londonderry is Northern Irelands 2nd largest city and provides the clear focal point for trade in the North West of the Province and indeed Ireland as a whole. It boasts a great deal of innovation through its Science Park, local employers such as Seagate and many fine seats of learning such as the Magee Campus of the University of Ulster and the North West Regional College.
The City of Derry currently has a residential population of c. 107,877 and a cross border catchment of 400,000.
Rare opportunity to acquire an investment such as this in Derry City centre, just a few steps from the iconic Guildhall and historic city walls.
This quarter of the City is thriving at present and very popular with tourists and locals alike.
The tenant has been in situ for over 3 years in the current lease with an unexpired term of c. 12 years.
The asking price reflects an initial yield of c. 12% which provides a good return for an investor in this instance. Again we stress that the sale of the property in no way relates to the occupational tenant or their ongoing business. Please also note that many Fixtures and Fittings and equipment as such are not included in the sale.
Viewing strictly by appointment, to ensure minimal interruption to tenant’s ongoing trade.