The property is located close to Magherafelt town off the Castledawson roundabout which is situated approximately 33 miles from Belfast and 37 miles from Derry City. The property is situated on this busy junction providing excellent road linkage to A6, A31, and A54.
Neighbouring occupiers include Mid Ulster Auctions and Castledawson Park & Ride.
The property comprises a purpose built single storey standalone unit of steel framed construction with metal roof cover and brick walls. The unit has been fitted in KFC corporate style incroporating food preparation, servery, customer seating and ancilliary areas. On site car parking is provided.
Ground Floor 2,066 sqft (192 sqm)
A 20 year lease term with effect from November 2016 at an annual passing rent of £23,185. The lease is subject to 5 yearly rent reviews with fixed rental uplifts reflecting 2.5% annually compounded.
An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - C61.
All figures quoted are exclusive of and may therefore be liable to VAT.
Please refer to vendor’s solicitor for Title Pack or download from the OK Auction website (www.osborneking.com/online-auctions).
Net Annual Value: £41,700
Estimated rates payable for 2024/2025: £23,337.49
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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