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Sale Agreed

2-8 Rainey Street, Magherafelt, BT45 5AG

POA

Investment

Location of 2-8 Rainey Street

Magherafelt Is located approximately 35 minutes North-West of Belfast and 40 minutes South East of Derry City. It is one of Northern Ireland's busiest market towns and is also the principle retailing and administrative centre for the expanding population. The subject property is well situated on Rainey Street.

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description

This block of prime town centre property consists of 2 x ground floor retail units (leases in place) with first and second floor offices plus apartment accommodation. (Lot 2 - marked blue as per map)
The property offers Investors or Individual buyers an opportunity not to be missed!
For full details of passing rents / leases etc - Contact the Agents
Offers will be received up to 12 Noon Thursday 7th June 2018 (If not previously sold) - Terms & Conditions Apply


2 x Ground floor commercial / retail premises with range of offices and 8 x Apartments above.
Spacious parking area to rear for - access from both Rainey Street and Queen Street. MARKED BLUE - SITE MAP


TITLE
Assumed freehold or long leasehold subject to a nominal ground rent


PRICE
Open to Offers


VAT
The subject property may be subject to VAT at the prevailing rate


VIEWING
Strictly through agent


RENT DETAILS
As at 10th April 2018 current rent details as follows:
2 Rainey Street, Magherafelt - £6000 per annum plus VAT
4 Rainey Street, Magherafelt - £35,540 per annum plus VAT (inc carparking spaces)
2b Rainey Street, Magherafelt - First floor office - Currently occupied by Vendor - (Potential Rent: £2040 per annum plus VAT)
First floor flats: 3 x 2 bed flats and 1 x 1 bed flat - Total rent: £10,680 p.a.
(1 bedroom flat currently vacant - potential rent - £2400 p.a.)
Second floor flats: 2 x 2 bed flats, 1 x 1 bed flat and 1 x 3 bed flat (duplex -part on third floor) - Total rent: £15,480 p.a.



COMMERCIAL EPC RATING:
2 Rainey Street, Magherafelt - E:112
2b Rainey Street, Magherafelt - F:127
4 Rainey Street, Magherafelt - E:107
RESIDENTIAL EPC RATING:
2A Rainey Street, Magherafelt - D:58/C:75
2C Rainey Street, Magherafelt - D:58/C:75
2D Rainey Street, Magherafelt - E:54/C:72
2E Rainey Street, Magherafelt - E:43/C:68
6 Rainey Street, Magherafelt - E:48/C:70
6A Rainey Street, Magherafelt - D:59/C:75
8 Rainey Street, Magherafelt - E:48/C:70
8A Rainey Street, Magherafelt - D:59/C:75
For full EPC's please contact the Agents.

Property Costs

  • Status: Sale Agreed
  • POA

Contact Agent

Burns & Co Commercial (Magherafelt)
17 Meeting Street

Other costs to budget for

Wilson Nesbitt Solicitors

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