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2 Distillery Brae 13,348 sq ft 100% Let Retail Property Londonderry BT47 6AN £435,000 (£32.59/sq ft) 7.82% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Prominent & imposing building located adjacent to Derry Train Station
  • Potential for redevelopment (STPP)
  • Sits on a plot of c. 0.157 acres
  • Straddling Spencer Road, Distillery Brae and Simpsons Brae
  • Offers extraordinary views over the River Foyle

EXECUTIVE SUMMARY

First floor
Due to the split level nature of the building, although this floor is classed as first floor, this can also be classed as ground floor level from
Distillery Brae. The first floor comprises of two large open plan suites, both currently vacant.
The suites have been fitted out as a gym and a hair/beauty salon and are both in good condition.
Second floor
Due to the split level nature of the building, although this floor is classed as second floor, this can also be classed as ground floor level from Distillery Brae.
The second floor is fitted out as a serviced office scheme, comprising of a number of individual rooms created by stud walling.
Five of these suites are currently occupied.
A two bedroom apartment is accessed directly from Distillery Brae. This apartment is occupied.
Spencer Road
Access to the ‘attic’ space is directly from Spencer Road. This space is currently tenanted.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Size
13,348 sq ft
Year Built
1960
Price
£435,000
Price per sq ft
£32.59
Yield
7.82%
NOI
£34,000
Occupancy Rate
100%
Number of Floors
2
Frontage
41 ft on Spencer Road

AMENITIES

  • 24 Hour Access

NEARBY MAJOR RETAILERS

Starbucks
Iceland
Tesco Superstore
Santander
Nando's
Caffè Nero
Tesco
Nisa
  • Listing ID: 35993864

  • Date on Market: 27/05/2025

  • Last Updated:

  • Address: 2 Distillery Brae, Londonderry BT47 6AN

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