Lot 21 - 3-5 Main Street, 1A Sea Road, Castlerock, County Londonderry, BT51 4RA

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

Guide Price* : £230,000

Mixed Use Income Producing Investment Property

  • Ground floor retail unit leased out
  • 2 no residential units
  • Strong rental return potential for residential units

Location

The property is located on Main Street at its junction with Sea Road in the seaside town of Castlerock. It is convenient to all local facilities within Castlerock to include, the beach, shop and local cafes. Benefits from partial views over Castlerock Beach.

Description

The is a three-storey property consisting of retail accommodation on the ground floor, a three bed duplex apartment and a 4 bed townhouse.
The retail unit provides sales area with ancillary facilities to include prep area, office, storage and W.C facilities.

The duplex apartment accessed off Sea Road comprises three bedrooms with living / dining, kitchen, w.c and bathroom over first and second floors. The property is NITB approved self catering holiday accommodation and is finished to a good standard with partial sea views over Castlerock Beach.

The townhouse accessed off Main Street comprises four bedrooms with kitchen / dining, living room and bathroom over ground, first and second floors. The property is NITB approved self catering holiday accommodation and again is finished to a good standard with partial sea views to the rear.

All furniture, fixtures and fittings within the self catering holiday accommodation units are included within the sale.

Tenancy

The retail unit is leased to the Chocolate Manor generating a rental income of £5,400 per annum.

The townhouse and apartment are both vacant.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - D81.

Viewing

Contact Osborne King’s Auction Team.

Planning

Mixed use property

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

Retail Unit - 3 Main Street
Net Annual Value: £3,400
Estimated rates payable for 2025/2026: £2,056.83

Townhouse - 5 Main Street
Capital Value: £80,000
Estimated rates payable for 2025/2026: £818.40

Duplex Apartment - 1A Sea Road
Capital Value: £80,000
Estimated rates payable for 2025/2026: £818.40

Accommodation

To widest point

1 2 3 4 5
Retail Unit - 3 Main Street 929 sq ft ( 86 sq m)
Townhouse - 5 Main Street
Ground Floor
Dining/Kitchen 7.00 m x 2.33 m
First Floor
Front Lounge 3.69 m x 5.47 m
Rear Bedroom (Sea View) 3.53 m x 3.16 m
Half Landing Rear
Bathroom
(includes standalone electric shower)
2.5 m x 2.26 m + 1.03 m x 1.27 m
Second Floor
Front Double Bedroom 3.2 m x 3.63 m
Front Single Bedroom 2.07 m x 3.64 m
Rear Double (Sea View) 3.52 m x 3.14 m
Duplex Apartment - 1A Sea Road
First Floor
Front Lounge 4.06 m x 5.25 m
Fitted Kitchen 2.59 m x 3.1 m
Second Floor
Front Bedroom 4.03 m x 3.06 m
Front Bedroom 2.03 m x 2.86 m
Bathroom
(electric shower over bath)
2.58 m x 3.09 m
Rear Bedroom
(Rear Sea View)
3.31 m x 4.11 m

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Security Deposit

£10,000

Buyer's Administration Fee

£1,200

Guide Price*

£230,000

Vendors Solicitor

Glenn McCaughey, Macaulay Wray LLP Solicitors, 35 New Row, Coleraine, BT52 1AH
028 7035 2421

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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.