Timber Quay Office Building, 100-114 Strand Road, Londonderry, County Londonderry

For Sale

Investment, Londonderry, BT48


Timber Quay Office Building
100-114 Strand Road
Londonderry
County Londonderry

Investment Summary * Prime office building totalling approximately 56,325 sq ft and benefitting from 100 dedicated car parking spaces in the adjoining multi-storey car park. * Located in Derry ~ Londonderry, the second largest city in Northern Ireland and the fourth-largest city on the island of Ireland. * Prominent waterfront location overlooking the River Foyle, on eastern side of Strand Road (A2) approximately 0.5km north of Londonderry city centre. * 100% occupied and multi-let to Axa Insurance, Fujitsu, Click Energy, Kainos and Invest NI. * Total passing rent of £644,190 per annum with a WAULT of 4.00 years to expiry and 3.40 years to the break. * Offers invited in excess of £5,250,000 reflecting a low capital value of only £93.20 psf and the following attractive return profile; NET INITIAL YIELD 11.50% 12.00% PURCHASER'S COSTS 6.60% 2.30%


Timber Quay Office Building, 100-114 Strand Road, Londonderry, County Londonderry
  • Ref: 2040883
  • Types: Investment
  • Size: 56,325 sq ft (5,233 sq m)
  • Freehold: £5,250,000 (€5,991,783)
  • EPC: B

Location

Timber Quay Office Building, 100-114 Strand Road, Londonderry, County Londonderry

Investment Summary * Prime office building totalling approximately 56,325 sq ft and benefitting from 100 dedicated car parking spaces in the adjoining multi-storey car park. * Located in Derry ~ Londonderry, the second largest city in Northern Ireland and the fourth-largest city on the island of Ireland. * Prominent waterfront location overlooking the River Foyle, on eastern side of Strand Road (A2) approximately 0.5km north of Londonderry city centre. * 100% occupied and multi-let to Axa Insurance, Fujitsu, Click Energy, Kainos and Invest NI. * Total passing rent of £644,190 per annum with a WAULT of 4.00 years to expiry and 3.40 years to the break. * Offers invited in excess of £5,250,000 reflecting a low capital value of only £93.20 psf and the following attractive return profile; NET INITIAL YIELD 11.50% 12.00% PURCHASER'S COSTS 6.60% 2.30%

Data Room

Get in touch