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1 Waterside Centre 3,714 SF 100% Leased Office Building Londonderry BT47 6BG $599,073 ($161.30/SF) 7.22% Cap Rate
Investment Highlights
- Prime investment opportunity prominently located on Glendermott Road
- The existing Tenant secured a Change of use planning permission in 2022 and in 2024 carried out their extensive and high standard fit out
- Current passing rent of £32,500 pa
Executive Summary
The subject property is let to Portman Healthcare Limited (company: 06740579), trading as Portman Dental Care for a term of 15 years expiring on 7th February 2038. The passing rent is £32,500 per annum. • The tenant has a break option in 8th February 2028 & 8th February 2033 subject to providing 6 months notice • Rent review dates 8th February 2029 and 8th February 2033 • A copy of the lease is available upon request
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold/Long Leasehold
Building Size
3,714 SF
Building Class
B
Year Built
1890
Price
$599,073
Price Per SF
$161.30
Cap Rate
7.22%
NOI
$43,253
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,714 SF
Building FAR
0.37
Lot Size
0.23 AC
Amenities
- 24 Hour Access
- Wheelchair Accessible
- Storage Space
- Smoke Detector
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1 Waterside Centre
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