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The Diamond Pantry and Newsagents, 1 Abbey Street, Coleraine, Co. Londonderry, BT52 1BF

Retail Property (1,852.00 sqft) For Sale by Private Treaty
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Price Offers in the Region of £149,950

Features

  • Well established newsagents, confectioners and hot food business
  • Prominent location, overlooking The Diamond
  • Available as a trading business or with vacant possession
  • C. 1,852 sq. ft.

Location

Coleraine is a provincial town located c. 56 miles north west of Belfast. The town is located close to the mouth of the River Bann and acts as the administrative and retail centre for a wide catchment area covering the north coast of the province and beyond.

 

The subject property occupies a prominent retail location adjacent to Coleraine’s prime retail pitch, The Diamond, with the Diamond Shopping Centre located immediately to the rear. UK retail multiples are well represented within the town with occupiers such as TK Maxx, New Look, Sports Direct and Claire’s Accessories all located nearby.

Full Description

The subject property comprises a two storey, mid terrace period property offering c. 1,852 sq. ft. of accommodation arranged over ground and first floor levels. The property is currently trading as ‘The Diamond Pantry and Newsagents’.

Internally the property contains an extensive ground floor sales and food preparation area with ancillary staff and storage areas offered to the rear and at first floor level. The property has been finished internally to provide suspended ceilings, recessed heating and cooling units, recessed lighting and plastered and painted walls.

Business

The vendor will consider offers for the business along with offers for the property on a vacant possession basis.

A full inventory of fixtures and fittings along with trading accounts can be provided to genuinely  interested parties upon request.

Viewing Details

By special appointment with the sole letting agent, Lisney.

Accommodation

     

    Ground Floor

    Retail 78.62 sq m

    846 sq ft

    Store

    1.61 sq m

    17 sq ft

    Kitchen

    14.71 sq m

    158 sq ft

    Store/Preparation

    7.42 sq m

    80 sq ft

    Rear Store

    20.78 sq m

    224 sq ft

    GF Total

    123.14 sq m

    1,325 sq ft

    First Floor

    Stores

    46.41 sq m

    500 sq ft

    Kitchen

    2.52 sq m

    27 sq ft

    FF Total

    48.93 sq m

    527 sq ft

     

     

     

    Total

    172.07 sq m

    1,852 sq ft

     

    Business Rates

    The current rating liability is as follows:

    NAV: £11,800

    Rate in the £ 17/18: 0.573976

    Rates Payable: £6,772.92

    Figures are exclusive of 20% Small Business Rates Relief which is applicable to rating assessments of up to £15,000 NAV.

     

    TUPE

    All existing staff are to be included in this disposal as they will be protected by TUPE (transfer of undertakings) regulations.

     

    EPC Rating

    The property has an energy rating of C53.

    A full certificate can be made available upon request.

     

    Asking Price

    Offers in the region of £149,950 to include the business as a trading entity are invited.

     

    Title

    The property is understood to be held Freehold.

     

    VAT

    All prices, outgoings and rentals are stated exclusive of but may be liable to VAT.

Contact Details

Address: Montgomery House, 29-33 Montgomery Street, Belfast BT1 4NX
Telephone: +44-2890-501501 or you can also email us at property@lisney-belfast.com

Lisney for themselves and the Vendor/Lessor whose Agents they are give notice that:

1. These particulars do not constitute any part of an offer or contract.

2. All statements contained in these particulars as to this property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact.

3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation  are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or misdescription shall be ground for a claim for compensation or for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant.

  4. Neither the Vendor/Lessor nor Lisney nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction. PSRA No. 001848.

Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.