Fully Let Investment Property, 12-14 John Street , Cityside Londonderry , BT48 6JY

Additional Information

CLOSING DATE 22/09/2022

**  Fully let, Income generating investment property  **

Description

We are delighted to welcome to the sale market, this substantial commercial premises comprising of three fully let, self-contained units and an advertising hoarding. The split level property is spread over two floors on John Street and three floors on the Foyle Road.

The ground level on Foyle Road is occupied by the Centre of Wellbeing having it’s own access on this level. The floor above (middle)  is occupied by a successful kitchen company, Poplar Design. The top floor is occupied and used as offices for a civil engineering firm. There is also the benefit of a highly visible advertising hoarding facing the busy Foyleside roundabout. The building presents an opportunity for those savvy investors to put their money into a smart asset that is currently generating an income. Perhaps the purchase would benefit a pension fund. A table of rental income and property information can be seen below.

We are accepting only genuinely interested parties to enquire to view this property. Sensitivity should be given to the fact that these are currently operating businesses and that access should be scheduled in good time through the selling agent only.

Location

The subject property is located just a moments walk from the historic Derry City Walls, The Guildhall and also faces the river on the Foyle Road side of the building. John Street is the connecting street to one of Derry two bridges, the Craigavon Bridge.

Property summary

•  5800 sq ft spprox
•  Commercial investment property
•  Generating £39,500/annum
•  Highly visible and central location
•  Fully Let
•  Net initial yield of 11% ROI with 3.5% purchasers costs

Title

We are advised that the property is held freehold

Rates *

Rates are the responsibility of the tenants/occupiers

VAT

We are advised VAT is payable.
All rents are + VAT.

Price

POA