Details
- Price: £1,350,000
- Property Status: Commercial Sale, For Sale
Description
The Market Centre, Strabane, BT82 8AS
Prominent Town Centre Investment Property extending to c. 2,360 sq m (25,491 sq ft)
- Prominent Town Centre Investment Property.
- The property is of modern construction having been built c. 1990 and refurbished in 2021.
- Estimated rental value of £134,000 when fully let.
- Own door access to all units.
- High profile neighbouring occupiers.
- Plentiful car parking adjacent.
- Suitable for a range of alternative uses subject to planning.
LOCATION
Strabane is a busy market town bordering County Donegal, approximately 13 miles south west of Derry City and 15 miles north of Omagh. The Town is well connected to the A5, the main commuter route to Derry, Belfast and Dublin.
Strabane has a district population of approximately 40,000 people and benefits tremendously from significant cross border trade.
The subject property occupies a prominent position within Strabane Town Centre at the intersection of Market Street and Main street, benefiting from both free car parking and pay display car parking nearby. Neighbouring occupiers include DV8, Supervalu, B&M Bargains, Iceland and South West College.
DESCRIPTION
The property is arranged over two floors and comprises of a series of 13 no. linked Retail and Office units. The property occupies a prominent corner with a return frontage facing onto Market Street and Upper Main Street in the Town Centre. The property benefits from a service yard to the rear.
The Retail/Office units all have own door accessed directly from Market Street or Upper Main Street. The upper floor offices are well finished and include a range of cellular and open plan offices, as well as meeting rooms, WC and kitchen facilities.
TENANCY DETAILS
The property is currently producing a rental income of c.£80,000 per annum, and when fully let it could produce a rental income in excess of £134,000 per annum. The property is let to a range of individual occupiers including Ladbrokes, Kinship Care and Job Directions.
More detailed rental and lease details can be obtained on request from the selling agent.
PROPOSAL
We are instructed to seek offers in the region of £1,350,000 for our clients freehold interest in the property excluding VAT (which may or may not be chargeable).
EPC – TBC
TITLE
We are advised that the property is held freehold.
VAT
All prices quoted are exclusive of but may be liable to VAT.
For further details and information, please conatc the sole selling agent Ronan.Co Estate agents on 02871 886910 / 07771792153
email: info@ronan.co
