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Richmond Centre, Londonderry 1C Richmond Centre, Londonderry, BT48 6PE

£ 48,000 pa / 8,635 sq ft
Richmond Centre, Londonderry, Londonderry - Picture 2021-06-16-13-01-01
Richmond Centre, Londonderry, Londonderry - Picture 2021-06-16-13-01-10
Richmond Centre, Londonderry, Londonderry - Picture 2021-06-16-13-01-55
Use Class

Use Class

E

Size

Size

8,635 sq ft

Rent pa

Rent pa

£48,000

The premises is arranged over basement and ground floor (including loading bay)

Derry / Londonderry is Northern Ireland’s 2nd largest city and provides the clear focal point for trade in the North West of Ireland. It boasts a great deal of innovation through its Science Park, local employers such as Seagate and educational colleges such as the Magee Campus of the University of Ulster and the North West Regional College. The City of Derry currently has a residential population of approx. 107,877 and a wider catchment of approx. 400,000. The subject unit is situated within the Richmond Centre, whish is one of the cities leading shopping centre’s, arranged over three levels with 40+ retail units the scheme offers approx. 120,000 sq. ft of retail space with occupiers including the likes of JD Sports, New Look, Nando’s & Caffe Nero.

Key Information

Legal

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Accommodation

8,635 Sq.Ft

The premises are arranged over basement (including loading bay) and ground floor.

Areas
Sq.Ft
Sq.M
Basement (including loading bay)
5,515
512
Ground floor
3,120
289

Financial

Lease Type

Existing Lease

Lease Term

Available by way of an assignment of the existing lease due to expire 28/02/2030

Rent

A rent review is applicable on the 1st March 2025. A tenant break option also exists on 1st March 2025.

Rent Review

Next review date 2025/03

Rates

There is currently a rates holiday for qualifying retail uses until April 2022. Interested parties should carry out their own investigations.

Costs

Currently estimated at approximately £1,909 per annum exclusive.

Service charge

Currently estimated at approximately £51,254 per annum exclusive.

Tenure

Leasehold

Rates

Rateable Year:
2021
Rateable Value:
£77,000.00

Sustainability

Energy Performance Certificate

D
Note: An accurate EPC value wasn't given for this property, please check with the relevant agent or owner for up-to-date information.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2024 Completely Property Technology Limited

This was last updated on 18/11/2022