Coleraine retail units and apartments go on the market for £700,000

A three-storey property in the Waterside area of Coleraine (2-4 Waterside ) containing 14 apartments and two retail units has gone on the market for offers over £700,000.

The property is listed by Collier International.

The retail tenants currently are Pizza Pomodoro and Chinese Medical which jointly generate around £27,000 annually in passing rent and £73,000 annual income from its residential tenants.

Collier International said: “Offers over £700,000 exclusive of VAT a sale at this level would reflect a NIY of 9.28% after allowing for purchasers costs of 5.3%. The subject occupies a prominent corner site on Waterside the surrounding occupiers are mostly commercial occupiers.”

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