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For Sale

123 Spencer Road, Derry/Londonderry, BT47 6AE

Guide Price

£100,000

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Retail

Auction information for this property

To be auctioned at Stormont Hotel on

Location of 123 Spencer Road

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features

  • A well presented 3 storey mid terrace property comprising 3 no. 2 bedroom apartments and ground floor retail unit of c. 1,152 sq. ft.
  • Located on the Spencer Road in the Waterside area of Londonderry a short distance from the City Centre
  • Current rental income of £13,092 per annum with potential to increase to £20,400 per annum
  • Net Initial Yield of over 10%
  • EPC Rating; C70/C68

description


Viewing Times:

9:30am - 10:00am Wed 13th June
9:30am - 10:00am Tue 19th June
9:30am - 10:00am Thu 21st June


The property is a three storey mid terrace of traditional construction and comprises 3 no. 2 bedroom apartments. and retail unit on ground and basement levels extending to c. 1,152 sq. ft. The apartments are finished to include; Plastered/painted walls and ceilings, Gas Fired Central Heating, Upvc Double Glazing,Carpeted flooring and Modern appliances. Please note the ground floor and basement has been valued as residential for rating purposes, however HMO approval has been refused for this.

RATES
We are advised by the Valuation and Lands Agency of the following;

Apartment A
Capital Value: £45,000
Rate in the £ 2016/17: £0.008536
Estimated rates payable per annum: £384.12

Apartment B
Capital Value: £45,000
Rate in the £ 2016/17: £0.008536
Estimated rates payable per annum: £384.12

Apartment C
Capital Value: £47,000
Rate in the £ 2016/17: £0.008536
Estimated rates payable per annum: £401.19

Apartment D - Ground Floor & Basement
Capital Value: £65,000
Rate in the £ 2016/17: £0.008536
Estimated rates payable per annum: £554.84

DIRECTIONS
The property is located on the Spencer Road in the Waterside area of Londonderry, a 10 minute walk from the City Centre. The property is conveniently situated in the commercial core of the Waterside with a number of neighbouring retail units,
restaurants and local amenities. The property also benefits from a high volume of passing traffic with extensive road frontage on to Spencer Road. Londonderry is the second largest city in Northern Ireland and has a population of 108,000 and
benefits from a catchment population of c. 250,000 (source 2011 census).

Property Costs

  • Status: For Sale
  • Guide Price£100,000
  • Stamp Duty: £0*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer here for more information.

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BRG Gibson Auctions
34 High Street

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