LOT 47 Guide Price: 100,000   
 
     
     
  123, Spencer Road, Derry/Londonderry, BT47 6AE  
     
 
123, Spencer Road, Derry/Londonderry, BT47 6AE
 

 
     
   
     
     
  Open Viewing Dates:  
     
  By Appointment Through Auctioneer.  
     
  Property Features:  
     
 
  • A well presented 3 storey mid terrace property comprising 3 no. 2 bedroom apartments and ground floor retail unit of c. 1,152 sq. ft.
  • Located on the Spencer Road in the Waterside area of Londonderry a short distance from the City Centre
  • Current rental income of 13,092 per annum with potential to increase to 20,400 per annum
  • Net Initial Yield of over 10%
  • EPC Rating; C70/C68
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      Property Description:  
         
      The property is a three storey mid terrace of traditional construction and comprises 3 no. 2 bedroom apartments. and retail unit on ground and basement levels extending to c. 1,152 sq. ft. The apartments are finished to include; Plastered/painted walls and ceilings, Gas Fired Central Heating, Upvc Double Glazing,Carpeted flooring and Modern appliances. Please note the ground floor and basement has been valued as residential for rating purposes, however HMO approval has been refused for this.

    RATES
    We are advised by the Valuation and Lands Agency of the following;

    Apartment A
    Capital Value: 45,000
    Rate in the 2016/17: 0.008536
    Estimated rates payable per annum: 384.12

    Apartment B
    Capital Value: 45,000
    Rate in the 2016/17: 0.008536
    Estimated rates payable per annum: 384.12

    Apartment C
    Capital Value: 47,000
    Rate in the 2016/17: 0.008536
    Estimated rates payable per annum: 401.19

    Apartment D - Ground Floor & Basement
    Capital Value: 65,000
    Rate in the 2016/17: 0.008536
    Estimated rates payable per annum: 554.84

    DIRECTIONS
    The property is located on the Spencer Road in the Waterside area of Londonderry, a 10 minute walk from the City Centre. The property is conveniently situated in the commercial core of the Waterside with a number of neighbouring retail units,
    restaurants and local amenities. The property also benefits from a high volume of passing traffic with extensive road frontage on to Spencer Road. Londonderry is the second largest city in Northern Ireland and has a population of 108,000 and
    benefits from a catchment population of c. 250,000 (source 2011 census).
     
         
       
         
     
     
    Property Disclaimer:

    The property particulars set out here do not constitute any part of an offer or contract. None of the statements contained in the property particulars are to be relied on as statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of the statements in these particulars. The Vendors do not make or give, and neither BRG Gibson, nor any person in their employment has any authority to make or give any representation or warranty whatsoever in relation to this property. No appliances or equipment have been tested. Purchasers should satisfy themselves with regard to such items.