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Derry 16 Waterloo Place

Key Information

Tenure

For Sale

Type

Retail

Status

On Market

Price

P.O.A

Details

Location

Derry city is the second largest urban centre in Northern Ireland with an estimated city population in the region of 109,000 people and an estimated catchment population of 250,000.

The city is the main commercial hub in the North West of Northern Ireland and also benefits from cross border business/commercial traffic, due to its close proximity to Co Donegal.

The city also became the first designated UK City of Culture, which has been a foundation to a strong growing tourism sector that flourish’s all year round.

The subject property is located in Derry’s city centre in what would be seen as one of the cities busy shopping /Leisure /tourism locations with the world famous Guildhall and Derry’s Walls in close proximity.

Occupiers in close proximity include, Poundland, Gordon’s Chemist, Super Valu  along with other local and national business.

Description

The premises are arranged over ground, first and second floor, with a side stair entrance that can service the first and second floor separately.  The premises was previously used as a banking Hall with ancillary offices on the upper floor levels before being used for retail and storage in the last 10 years. Subject to planning, the upper floors could be used for offices again, with the ground floor used for retail/office and restaurant use potentially.

Tenure

The premises are also available for sale.

Asking price on application.

Accommodation

The premises extend to the following approximate dimensions and net internal areas:

Gross frontage 10.97 m ( 36 ft )
Ground floor 297 sqm ( 3,200 sqft )
First floor 179 sqm ( 1934 sqft )
Second floor

113 sqm ( 1223 sqft )

Total 590 sqm ( 6,357 sqft )

As the property was previously used as a banking hall, there are Toilets on each of the upper floors that may allow sub-division of this space to different occupiers.

Rates

We have been verbally advised by the land and property services that the property is entered in the valuation role as follows:

Nav                        £39,300

Rate Poundage    £0.59 (15/16)

Legal costs

Each party is responsible for their own legal costs incurred in any transaction.

VAT

All, prices and charges and rents are quoted net of vat, which maybe chargeable.

Further details

To discuss the opportunities the scheme can offer give Murphy a call.

Disclaimer

Murphy Surveyors Ltd on its behalf and for the vendor or lessors of this property, whose agents they are and any joint agents, give notice that: These particulars are set out as a general outline only for guidance, to intending purchasers and lessees and do not constitute any part of an offer or contract. These details are given, without any responsibility and any intending purchasers, lessees or third parties should not rely on them as statements or representation of fact, but should satisfy themselves by inspections or otherwise as to the correctness of each of the them. No person in the employment of Murphy Surveyors ltd has any authority to make any representation or warranty whatsoever in relation to this property. Unless otherwise stated all prices and rents and other occupation costs are quoted exclusive of vat. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulations or other consents and Murphy Surveyors Ltd have not tested the services, equipment or facilities.