Description

OFFICE INVESTMENT

(WITH PUBLIC SECTOR TENANT & FULL PLANNING PERMISSION TO EXTEND EXISTING PREMISES)


AT HOLMVIEW AVENUE, OMAGH

OFFERS OVER £600,000


Circa 395 M sq (4150 Sq Ft)


DESCRIPTION

We offer for sale this excellent commercial premises located at Holmview Avenue, Omagh.
Bridge House was constructed in 1991 as a purpose built Day Nursery. The building has since been converted into modern office accommodation.
The property comprises a modern two-storey detached commercial premises divided into 12 office compartments located within Omagh Town Centre and adjacent to a public car park. The unit is finished to a high specification throughout, which can only really be appreciated after inspection.


TITLE

We understand the property is held in fee simple without onerous or unusual covenants, this is subject to confirmation.

PLANNING

Planning permission has been granted for the current use.

LOCATION

The property is located in the campsie area of Omagh Town Centre just behind The Bank of Ireland, it is close to all amenities. Easy access to the new by-pass is gained via the Dublin or Crevenagh Roads.


ACCOMMODATION


NAV

£21,590

LEASE

The subject property is let to Sperrin Lakeland Health Trust on a ten year FRI Lease which commenced in 2001. We are advised that the revised rent has been agreed at £32,000 p.a. for the second term of five years.



PLANNING

Full Planning Permission was granted in February 2006 for an extension to the existing premises of Circa 2,800 sq ft over 2 floors.
On a pro-rata basis this has the potential to equate to a further £21,500 rental income.


When completed this development will comprise of two levels of high specification office accommodation, fully compliant with the Disability Discrimination Act including lift access.


POTENTIAL FOR NEW SECTION (WHEN BUILT) 


Invite the existing tenant to make use of the new floor space.
Let the new floor space to a new separate tenant.
The new purchaser of Bridge House could occupy the new office space as owner-occupier.



Measurements are quoted for general guidance and should not be relied upon when making business decisions without the prospective purchaser carrying out a more detailed survey


TERMS

a) Prospective purchasers will be expected to lodge a returnable deposit of 10% within 48 hours of agreeing the sale price. Deposits will be made to the selling agents. Lodgements will be to a non-interest bearing client account.
b) An unconditional contract must be signed within 21 days of agreement with the Agent subject to proof of title. Completion should be within 3 months.
c) As this property is being sold by private treaty, details of all bids and those who have made bids are confidential and will be revealed only to the vendors and their professional advisors and auditors.



These particulars do not constitute any part of an offer or contract. None of the statements contained in these particulars are to be relied on as statements or representations of fact and the intending purchasers must satisfy himself by inspection or otherwise as to the correctness of the statements in these particulars. The vendor does not make or give and neither J G Fleming, nor any person in their employment, has authority to make or give any representation or warranty.