30-32 Lodge Road,

Features

• Passing Rental £82,800 per annum
• Parking for c. 24 cars to the rear parking area.

The subject property with generous parking for c. 24 cars is situated at the town side end of Lodge Road, which itself is well known as Coleraine’s traditional office district. Lodge Road, beyond the adjacent Coleraine Grammar School and the Fire Station opposite the subject, is a more residentially focused area providing many of the town’s most notable detached residential dwellings.

The immediate vicinity forms part of the Coleraine Town Centre Area of Townscape Character Neighbouring occupiers include Capital Trust Financial Management, G M Design Associates, Boyd & Logue Dental Surgery, and the Lodge Hotel.

Opportunity to acquire this newly refurbished / redeveloped landmark building set within Coleraine’s premier office sector core, with the benefit of a new 16 year lease on attractive commercial terms to Moore (N.I.) LLP a highly reputable and long established Northern Irish accounting firm, this to be their Flagship Headquarters Building in the northern counties of the Province, and the added attraction of a guarantee from Moore Kingston Smith LLP London.

The purchase price reflects a net initial yield of c. 7.9 %, which, for the long lease being offered here and the quality of the new build and front blocks entirety refurbishment, is exceptionally good value for any purchaser.