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Drumrainey Business Park
5 Grange Road, Magherafelt

Industrial Property
Magherafelt is located approximately 35 miles North West of Belfast and 40 miles South East of Derry City. The property is situated approximately 1.5 miles from the town centre.
Block of 4 Modern Industrial / Commercial Units with Full Planning Permission for additional 3 No. Units (foundations laid)

Excellent Investment Opportunity

Conveniently Located on outskirts of Magherafelt

The properties also benefit from three phase electric, w/c facilities and roller shutter doors.

All 4 x Units are currently let - Details of leases can be obtained from Agent.

Unit 1
Tenant: Kerr Tyres
Rent: £520 per month plus VAT for Year 1 to be increased to £600 per month from Year 2
Term: 10 Years from 20th September 2020



Units 2 & 3
Tenant: Storm Tek Services Ltd
Rent: £1200 per month plus VAT
Term: 5 Years from 8th August 2013



Unit 4
Tenant: Peden Power Products
Rent: £600 per month plus VAT
Term: 5 Years from 1st August 2013





EPC
TBC


VAT
The subject property may be subject to VAT at the prevailing rate


VIEWING
Strictly through agent


TERMS AND CONDITIONS
* Offers will be received up to 12 Noon Friday 15th January 2021 (If not previously Sold) - Terms & Conditions Apply
* Subject to clean and proper title only
* Purchaser to pay 10% deposit at close of sale
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Note: Burns & Co. Commercial Ltd (and their joint agents where applicable) for themselves and for the Vendors or Lessors of the property whose agents they are give notice that: I) these particulars are given without responsibility of Burns & Co Commercial Ltd or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; ii) Burns & Co Commercial Ltd cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; iii) no employee of Burns & Co Commercial Ltd or Burns & Co has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; iv) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; v) Burns & Co Commercial Ltd will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars. No offers are accepted via email.

Burns & Co Commercial is the trading name of Burns & Co Commercial Ltd. Burns & Co Commercial Ltd (NI063405) is registered in N.Ireland

Offers in the region of £395,000
Industrial Property
Drumrainey Business Park
5 Grange Road, Magherafelt , BT45 5EL
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