Details
The site measures approx. 6.9 acres (2.8 Hectares) The site benefits from 2 large warehouses an office building and a large, covered storage area. It has excellent views across the River Foyle.
Offers invited over £2,500,000
(Two Million and Five Hundred Thousand Pounds)
All offers to be received by TDK Property by 12 noon on Thursday the 24th of June 2021.
NAV £86,800
Rates Payable 2020/21 £50,587
All prices and outgoings may be subject to VAT.
5 Bay Road, Londonderry
| ACCOMMODATION | Sq. Ft. | Sq. M. |
|---|---|---|
| Warehouse 1 | 2,637 | 245 |
| Warehouse 2 | 6,910 | 642 |
| Store | 1,636 | 152 |
| Offices | 2,390 | 222 |
| Covered Storage | 11,410 | 1,060 |
Stephen Deyermond
T +44 28 9089 4065
M +44 7968 727196
E stephen.deyermond@tdkproperty.com
Connor James
T +44 28 9089 4061
M +44 73421 866173
E connor.james@tdkproperty.com
The property is currently zoned as white land under the Derry Area Pan 2011. The property is located on the opposite side of the Pennyburn Inlet from the Fort George site which has outline planning permission over
985,000 sq. ft. of mixed use space to include office, retail, multi storey car parking, R&D Facilities as well as community spaces.
The land on the river front has recently been acquired by the local council for the North Western Green-way Network in Partnership with Sustrans to develop a new cross border cycle network which includes a new pedestrian and cycle bridge across the Pennyburn Inlet.
Londonderry is the second biggest city in Northern Ireland and is the regional capital of the Northwest of the island of Ireland. It has a population of 108,000 with an urban area population of 240,000.
Derry/Londonderry has good transport links to the rest of the province and other transport hubs include a regional airport which carried approx. 186,000 passengers in 2019 and a deep water port that handles roughly 2 million tonnes of cargo each year.
The property is strategically located off the Strand Road at its junction with the Buncrana Road, along with excellent links to the city centre and Donegal.
Approximately two thirds or 4.5 acres of the site is currently let until 30th April 2022 with an annual rent of £45,000 + VAT per annum. Further details on request.
Ranges from C – 69 to C – 73
Certificates available upon request.
The property is zoned as white land on the Derry Area Plan 2011.