Union Road, Magherafelt

Description

Prominent town centre location adjacent to;

· Spar

· Sally Hair and Beauty

· Car Parking - Union Road public car park (c.220 spaces)

· Main town Bus Station serving local schools

· Pedestrian links through car park to town centre.

Location

Magherafelt has an estimated population of 39,780 and a catchment of 176,036 people with a 30 minute drive
(CACI).

Magherafelt is located to the north west of Belfast via the A6 road and M2 motorway. The town lies on the A31 trunk road which is close to the A6 Belfast to Londonderry strategic route. The A31 is also part of the east to west route north of Lough Neagh linking the west of the province with the A6 and the major urban areas in the east. Consequently, the road system within the town carries a high proportion of through traffic.

Description

· The subject retail complex fronts onto Union Road, which is one of the main arterial routes into south of the town.

· The site has the added advantage whilst being located in Magherafelt Town Centre it also adjacent to a plentiful supply of car parking and thus footfall

· The property is adjacent to the main town Bus Station

· In addition to this the property is close to highly regarded local schools such as Rainey Endowed School and St. Mary’s Grammar School.

· 40 M of potential signage

· The Property has been identified on the attached Location Plan included as Appendix 3 to this report.

Accommodation

Sales Area: c. 2,456 sq ft (228.2 m²)

Lease Details

Rent - £ 29,500 per annum plus VAT

Lease term - To be negotiated

Service Charge

A nominal service charge will be payable to cover landlord’s insurance premium and repairs to common areas.

Rateable Value

We are verbally informed by the Valuation and Lands Agency that the estimated NAV for the subject premises is £TBC. Rate in £08/09 – 0.479374. Estimated Rates Payable - £9,562.

Please confirm

VAT

Prices, outgoings and rentals are exclusive of but may be liable to Value Added Tax.

Viewing

Strictly by appointment through Joint Agents Colliers CRE or Paul Birt

Contact: Stephen Deyermond / Darren Best

Tel: 028 9024 1500

Email: stephen.deyermond@collierscre.co.uk

darren.best@collierscre.co.uk

Or

Contact: Paul Birt

Tel: 028 301116

Email: mail@paulbirt.co.uk