Station Square Retail Park, Unit 3 Molesworth Street,

LOCATION

Cookstown is a bustling market town with a population of roughly 23,049 in the  resident district and 75,000 more within a 15-minute commute. The town is  roughly 50 miles southeast of Derry/Londonderry and 45 miles west of Belfast.  Several well-known retailers operate in Cookstown, including Tesco, Asda,  Homebase, Next, and Marks & Spencer.  Located across from the town’s main school campus and next to the Cookstown  bus station, Station Square Retail Park is easily accessible from the town centre.  Lidl and Harry Corry are adjacent tenants in the Retail Park.

DESCRIPTION

Constructed in 1999 alongside its fellow units inside Station Square Retail Park,  the property boasts a steel portal frame structure with walls panelled with  Kingspan composite cladding, an internal leaf of 100 mm blockwork rising to  a height of three metres, and a roof composed of composite insulated panels 
featuring 10% rooflights.  There is free parking for about 240 cars on the 1.35-hectare (3.3 acre) Station  Square Retail Park, which is fronting Molesworth Street. 

Ground Floor Retail 7,615 sq. ft

LEASE DETAILS
Term: 10 Years, subject to an upwards only rent review at year 5.
Rent: £ 50,000 per annum.
Repairs: Effectively full repairing basis by way of a service charge
Service Charge: Levied to cover external repairs, maintenance, and 
management of the common parts. Estimated at approx.
TBC pax.
Insurance: Tenant to pay a due proportion of the building’s insurance 
premium.

PURCHASE PRICE
Offers in excess of £450,000 + VAT with vacant possession.  

RATEABLE VALUE
We are advised by Land & Property Services that the NAV is £56,500.00.
Rates payable for 2023/24 of approximately £30,139.87.

EPC
The building is currently rated as D - 91.
A copy of the EPC Certificate can be made available upon request.