Lot 14 - 13 Kingsgate Street, Coleraine, County Londonderry, BT52 1LB

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

Guide Price* : £230,000

Prominent Commericial Building

  • Three storey mid-terrace
  • Total area 9,203 sq ft (855 sq m)
  • Extensive Property

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 property is situated on the south side of Kingsgate Street which adjoins Church Street in the centre of Coleraine's retail district. The area benefits from high volumes of pedestrian traffic and is in close proximity to the towns main car parks.

Description

This is primarily a 3 storey mid terrace property providing a large open plan ground floor unit and two upper floors. The extensive property generally is finished to a good standard with tiled flooring and suspended ceilings with inset lighting on the ground floor. The upper floor also comprises an open plan format with suspended ceiling and wooden flooring. The second floor provides former offices and staff facilities.

Tenancy

Sold With The Benefit of Vacant Possession

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - E112

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

Net Annual Value: £48,600
Estimated Rates Payable: £29,400

Accommodation

1 2 3 4 5
Ground Floor 4,104 sq ft (381 sq m)
First Floor 4,324 sq ft (402 sq m)
Second Floor 548 sq ft (51 sq m)
Attic 227 sq ft (21 sq m)
Total Area 9,203 sq ft (855 sq m)

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Security Deposit

£10,000

Buyer's Administration Fee

£1,200

Guide Price*

£230,000

Vendors Solicitor

Kevin McGuigan, Meyler McGuigan Solicitors, 11 High Street, Omagh, BT78 1BA
028 8225 7777

Document Links

Legal Documents

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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.