FOR SALE 7034 4244 OKT.CO.UK

74 Duke Street Waterside Derry BT47 6DQ

Belfast Office: 22 Adelaide Street, Belfast BT2 8GD T: +44 (0)28 9024 8181 F: +44 (0)28 9024 8188 E: belfast@okt.co.uk Northern Office: 20 – 22 Stable Lane, Coleraine BT52 1DQ T: +44 (0)28 7034 4244 F: +44 (0)28 7034 4949 E: coleraine@okt.co.uk

Partner: Brian Kennedy FRICS FCIArb, Brian Turtle MRICS, Mark Patterson MSc MRICS, Iain McCabe BSc (Hons) MRICS, Ross Sweeney (Hons) MA MRICS

Associates: Tracy Moffett BSc (Hons) MRICS, Henry Taggart BSc (Hons) MRICS, Alan McKinstry BSc (Hons) MRICS, Michael Burke BSc (Hons) MRICS

Prominent City Centre Property

Ideal For Refurbishment / Potential

Redevelopment

NEW REDUCED PRICE

SUBJECT

Front Elevation

OKT.CO.UK

Location / Description

Incorporating 9,900 sq ft of office/storage space plus yard/entry (4,400 sq ft), this prime site is opposite two recently constructed office and apartment blocks by the river.

Within Waterside area of the City which is going through a regeneration programme to include new Offices, Apartments, major Health Care Complex, TV Studio, Leisure/Night Club premises and existing Multi Storey Car Park – the Railway Station is close by.

The character of the courtyard with existing mews style entrance to same, presents opportunity for major refurbishment and extension to integrate with the existing “Flying Freehold” over two levels. Alternatively, the site is ripe for redevelopment either to include or exclude the “Flying Freehold” (c. 4,300 sq ft) over a different ground floor ownership. Alternatively this could be integrated into a complete new scheme, subject to all necessary Planning and Statutory Approvals.

The ground floor below the Flying Freehold has a site area of 2,615 sq ft (243 m²) and while part is subject to a short term tenancy, the owner would consider selling.

Also ideal for renewed use as shop / offices and stores within current configuration.

Accommodation Details

Ground

Offices, Stores, Workshop & Ancillary Space 2329 sq ft 216.45sq m First

Offices/Storage 1708 sq ft 158.74 sq m Front Office Area 880 sq ft 81.78 sq m Offices, Kitchen & Ancillary Space 2283 sq ft 212.17 sq m Second

Offices 2101 sq ft 195.26 sq m Attic

Attic Space 600 sq ft 55.76 sq m

TOTAL 9901sq ft 920.16 sq m

Outside

Yards & Entry C. 3036 Sq Ft (282.16 M²)

Sales Details

PRICE: Guide Price: £235,000 TITLE: Held under lease into perpetuity at a rent of £54.00 per annum The area shown hatched on brochure Site Plan is excluded from the sale and is subject to a Long Sub Lease at ground floor only with sub rent of £50.00 per annum, but has the vendor’s “Flying Freehold” over same. The sub tenant has a Licence to park one car in the yard, now used for a boiler and oil tan

FLOOR / DESCRIPTION AREAS

NOTE: The area shown hatched on brochure Site Plan is excluded from the sale and is subject to a Long Sub Lease at ground floor only with sub rent of £50.00 per annum, but has the vendor’s “Flying Freehold over same. The sub tenant has a Licence to park one car in the yard, now used for and oil tank.

Rateable Value

We are advised by the Valuation and Lands Agency that the current Net Annual Value of the subject property is as follows:-

No. 74 Duke Street: £3,750 No. 74B Duke Street: £7,250 The commercial rate in the pound for 2016 / 2017 is £0607811.

Note: LPS Small Business Rate Relief for premises with a NAV of more than £5,000 but less than £15,000 is 20%.

VAT

All prices, outgoings etc are exclusive of, but may be subject to VAT.

EPC (Energy Performance Certificate)

Viewing / Further Details

O’Connor Kennedy Turtle 20 – 22 Stable Lane Coleraine BT52 1DQ T +44 (0)28 7034 4244 F +44 (0)28 7034 4949 E coleraine@okt.co.uk

Contact: Henry Taggart E henry.tagggart@okt.co.uk

Our Ref: HT/PD/C2274

Rear Yard

OKT for themselves and for the Vendors or Lessors of this property whose agents they are give notice that (i) the particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute, nor constitute part of, an offer at contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of O’Connor Kennedy Turtle has any authority to make or give any representation or warranty in relation to this property.

OKT.CO.UK

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