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6 Church Street Coleraine , Co. Londonderry , BT52 1AW

Sale agreed £350,000
Investment Property

Key Information

Style Investment Property
Status Sale agreed
Price Offers around £350,000
EPC Rating E113

Prime Retail Investment Opportunity.
The Property is currently leased to the Retailer Shoe Zone Limited at an annual rent of £32,000.
5 Year Lease Term from 12th August 2017.
Shoe Zone is a leading value footwear retailer in the UK with over 500 stores nationwide.
A purchase at £350,000 reflects a Net Initial Yield of c. 8.56% adopting costs at 6.75%
Total Net Internal Area (NIA) of approx c.206.75 sq m / c.2,225 sq ft.
Neighbouring occupiers include, Next, Holland & Barratt, Waterstones, Pandora, Cafe Nero & Superdrug.

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