Five Commercial Units In Coleraine Town Centre Brought To Market

A prominent portfolio of five fully let commercial properties in the heart of Coleraine has been placed on the market this morning, offering investors the opportunity to acquire an established income-producing asset in one of the town's busiest locations.

Explore Causeway Coast & Glens understands the current owner of the properties is The Honourable The Irish Society. 

The portfolio comprises 17, 19 and 21 Bridge Street, together with 3-5 Circular Road, and is being marketed with a preference for sale as a single lot.

According to the sales particulars, the properties currently generate a passing rental income of £41,500 per annum and are being offered with a guide price of offers in excess of £375,000.

Located directly opposite the Diamond Shopping Centre and close to Dunnes Stores, the investment occupies a highly visible position benefiting from significant pedestrian and vehicle traffic. The location is also within walking distance of Coleraine Train Station and the town's main shopping district.

The portfolio includes a diverse mix of established businesses, comprising: 

• Bridge Street Art Gallery
• Hare & Hawthorn
• Infuse Tea House
• The Burger Dock
• Ink Unleashed Tattoo Studio

Each of the units is currently occupied under lease agreements, with the marketing brochure describing the investment as an attractive opportunity for those looking to expand an existing commercial property portfolio.

The vendors have indicated their preferred option is to sell the entire portfolio as one transaction. However, the brochure notes that alternative arrangements may be considered if required, although preference will remain with a purchaser seeking to acquire the complete holding.