Lot 09 - 31, 33 and 35 Fountain Street, Derry, Co Londonderry, BT48 6JB

  • Unconditional Online Auction Sale
  • Guide Price* : £75,000

Guide Price* : £75,000

Residential/Commercial Development Opportunity

  • 3 no former terrace houses
  • Located adjacent to the Derry Walls
  • Benefits from planning for office redevelopment

Location

Derry is the second largest city in Northern Ireland with a district council population of 107,877 (2011 census). The city is located in the north west of the province on the River Foyle approximately 70 miles from Belfast, 30 miles west of Coleraine and 33 miles north of Omagh.
The opportunity is located on Fountain Street in close vicinity to many prominent landmarks and commercial occupiers to include The Derry Walls, Foyleside Shopping Centre and Tommy Hilfiger Fountain Street.

Description

The property comprises three former mid terrace two storey houses requiring comprehensive refurbishment. The city centre opportunity would be suitable for refurbishment into residential or commercial uses subject to the necessary

Accommodation

3 no former terrace houses

EPC

An Energy Performance Certificates (EPC) are not required.

Planning

Application No: LA11/2018/007/F

Proposal: Change of use from former dwellings into an office block retaining the features of the original dwellings externally to include rebuild of No. 35 and alterations to the rear of Nos. 31-33.

Granted: 30/01/2019

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 iOK Auction website (www.iokauction.com).

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Security Deposit

£4,520

Buyer's Administration Fee

£1,200

Guide Price*

£75,000

Vendors Solicitor

Conor Wylie, Millar McCall Wylie, Imperial House, 4-10 Donegall Square East, Belfast, BT1 5HD
028 9020 0050

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.