Lot 5 - 27-29 Church Street, Coleraine, County Londonderry, BT52 1AW

  • Unconditional Online Auction Sale
  • Guide Price* : £230,000

Guide Price* : £230,000

Prominent Town Centre Building

  • Property extends to 5,015 sq ft (466 sq m)
  • Self Contained Upper Floors
  • Rear Yard With Access onto Society Street

Location

Coleraine is one of Northern Ireland’s leading provincial towns located in the north west of the Province, situated 56 miles north of Belfast and 30 miles east of Derry City. Coleraine provides the main commercial and retail facilities for the surrounding towns of Ballymoney, Portrush, Portstewart, Bushmills and the Causeway Coast Region. The subject property is located on The Diamond, a pedestrianised town centre area occupied by a range of national and local traders. It is one of the main focal points in the Town Centre.

Description

The extensive property occupies a high profile location on Church Street in the heart of Coleraine’s commercial core. The accommodation comprises the former banking hall, offices, storage, kitchen and WC facilities to the ground floor with storage in the lower ground. The former bank is well fitted throughout with finishes including carpeted flooring painted / plastered walls, suspended ceilings with recessed lighting and air conditioning heating.

The two upper floors are self contained also accessed off Church Street and may suitable for residential subject to any necessary planning consents.

There is a large rear secure yard with access onto Society Street.

Tenancy

Sold With Vacant Possession

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - F146/G165

Viewing

Contact Osborne King’s Auction Team.

Planning

Commericial

VAT

All figures quoted are exclusive of and may therefore be liable to VAT.

Title

Please refer to vendor’s solicitor for Title Pack or download from the OK Auction website (www.osborneking.com/online-auctions).

Land and Property Services Rates Assessment

27-29 Church St
Net Annual Value: £33,800
Estimated Rates Payable: £20,447

27A Church St
Net Annual Value: £1,650
Estimated Rates Payable: £998

Accommodation

1 2 3 4 5
Basement 1,342 sq ft (125 sq m)
Ground Floor 2,465 sq ft (229 sq m)
First Floor 756 sq ft (70 sq m)
Second Floor 452 sq ft (42 sq m)
Total Area 5,015 sq ft (466 sq m)

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Security Deposit

£10,000

Buyer's Administration Fee

£1,200

Guide Price*

£230,000

Vendors Solicitor

Trevor McCallum, McCallum O'Kane Solicitors, 8 Blindgate Street, Coleraine, BT52 1EZ
028 7032 7112

Document Links

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* 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.