For Sale

7 Limavady Road, Derry/Londonderry , Derry/Londonderry, BT47 6JU

Offers Over

£200,000

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Office

Location of 7 Limavady Road

Derry-Londonderry is the second largest city in Northern Ireland and fourth largest city in Ireland. It is the ‘Capital of the North West’ and is at the core of the only functional economic city region of its scale which straddles the border into the Republic of Ireland. Derry-Londonderry has an urban population in excess of 100,000 and is the principle sub regional economic driver of a wider cross border City Region of over 350,000 people. The subject property occupies a prominent roadside location fronting onto Limavady Road, one of the main gateways to the city centre. The subject is strategically located, directly opposite, the 26 acre Ebrington Square Regeneration site. The immediate vicinity comprises a mix of both residential and commercial uses and a number of proposed developments to include a recently announced 152 bedroom hotel.

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features

  • 2 storey office building c. 1,958 sq ft.
  • Additional outbuildings and car parking to the rear.
  • Total site c. 0.3 acres.
  • Potential refurbishment / development opportunity (subject to all necessary consents).
  • Facing the Ebrington Square regeneration site.
  • Convenient location on one of the main gateways to the city centre.

description

The subject property comprises a 2 storey office building of approximately 1,958 sq ft and additional outbuildings situated on a self-contained site of c. 0.3 acres.

The subject is a converted detached former residential property with a number of outbuildings plus a car parking area located to the rear of the property.

The property is of brick/block construction with a pitched, slated roof. Internally the space is cellular in nature and includes reception / entrance hall, various offices / meeting rooms, kitchen and w.c. facilities.

Externally the property is set back from the Limavady road and to the rear provides 3 garages / outbuildings and a good sized car park.

Planning

We have reviewed the local area plan; Derry Area Plan 2011 and understand that the subject property is situated in an area zoned as an office development area. Interested parties are advised to make their own enquiries into the planning potential of the site.

Asking Price

£200,000 Exclusive.

Title

We understand the property is held by way of a long leasehold and subject to a ground rent of £10.27 per annum.

Rates

NAV                               £15,000

Rate in the £ 18/19        0.634453

Rates Payable 18/19     £9,517 Approx.

Stamp Duty

This will be the responsibility of the purchaser. 

VAT

All prices and outgoings are exclusive to but may be liable to V.A.T. 

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

Description             Size (Sq M)           Size (Sq Ft)

Ground Floor           91.35                   983

1st Floor                 90.51                   974

Detached Stores      201.77                 2,172

Total                       383.63                 4,129


The property is situated on a site of c. 0.3 Acres.


Request for closing bids


SUBJECT TO CONTRACT/CONTRACT DENIED

CLOSING DATE FRIDAY 31ST MAY 2019 AT 12 NOON

Further to your interest in the above property, we have now been instructed by the vendor to seek closing bids in writing on the above asset.  

Should you wish to place an offer, we require that you provide the following:

 

  1. The proposed offer amount in pounds sterling.

  2. Proof of funds, ideally in the form of a bank statement.

  3. Purchaser name and full contact details.

  4. Full contact details of your solicitor.
  1. Confirmation of any conditions relating to your bid.

 

Your offer is to be received in writing, by letter or email, no later than FRIDAY 31ST MAY 2019 AT 12 NOON

POST: FAO James Kearney, Lisney, 1st Floor, Montgomery House, 29-33 Montgomery St, Belfast BT1 4NX

EMAIL:  jkearney@lisney.com

Please note, the vendor reserves the right not to accept the highest, or indeed any, offer made.

 

 

Property Costs

  • Status: For Sale
  • Offers Over£200,000
  • 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.

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Contact Agent

Lisney (Belfast)
1st Floor, Montgomery House

Other costs to budget for

Wilson Nesbitt Solicitors

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