Office
Boaz House, 19 Scarffe's Entry
Omagh, BT78 1JG
price
£1,000,000
- Status For Sale
- Property Type Office
-
Stamp Duty
Higher amount applies when purchasing as buy to let or as an additional property£43,750 / £93,750*
Description
Prime Investment Opportunity with Future Development Potential (STPP)
Omagh serves as both the county town of Tyrone and a key provincial market centre in Northern Ireland. Conveniently positioned around 68 miles west of Belfast and 33 miles south of Derry-Londonderry, the town enjoys strong connectivity and regional influence.
Surrounded by a rich agricultural hinterland, Omagh is supported by a network of nearby villages including Fintona, Dromore, and Gortin. Its strategic location near the border with the Republic of Irelandjust 40 miles from Donegal Town and 36 miles from Letterkennyfurther enhances its role in cross-border trade and commerce.
Boaz House enjoys a superb, high-profile position in the heart of Omagh town centre. The property is fully let to The Department of Finance, generating a current rental income of £130,000 per annum.
The lease is set to expire on 11th April 2028, with a tenant break option on 11th October 2027. The Department of Finance has occupied the building continuously since its construction in the mid 90's.
The four-storey office building extends to approximately 14,902 Sq/Ft, with lift access to all floors. The accommodation is well fitted throughout with aluminum double glazed windows, air-conditioning and oil-fired central heating.
The property sits conveniently adjacent to two public car parks providing ease of access for staff and visitors. Primark, Omagh Academy and Christian Brothers secondary schools are also situated beside Boaz House.
With its prominent central location and scale, Boaz House offers significant future redevelopment potentialwhether for residential (private or social housing), hotel, or mixed-use purposes, subject to the necessary planning consents.
Executive Summary
Boaz House occupies a superb position in Omagh town centre
Excellent covenant, let to The Department of Finance at a rent of £130,000 per annum
Lease expires on 11th April 2028. Tenant break option on 11th October 2027
Tenant has been in occupation since the building's construction in the mid 90s
Comprises a four-storey office building extending to c.14,902 Sq/Ft
Centrally positioned adjacent to Primark, two public car parks and two secondary schools
Future development potential for residential (private or social housing), hotel, or mixed-use purposes, subject to planning.
Seeking offers of £1,000,000 (One Million Pounds), exclusive of VAT. Reflects an attractive Net Initial Yield of 12.33%.
*For further details, please download the Property Brochure.
Omagh serves as both the county town of Tyrone and a key provincial market centre in Northern Ireland. Conveniently positioned around 68 miles west of Belfast and 33 miles south of Derry-Londonderry, the town enjoys strong connectivity and regional influence.
Surrounded by a rich agricultural hinterland, Omagh is supported by a network of nearby villages including Fintona, Dromore, and Gortin. Its strategic location near the border with the Republic of Irelandjust 40 miles from Donegal Town and 36 miles from Letterkennyfurther enhances its role in cross-border trade and commerce.
Boaz House enjoys a superb, high-profile position in the heart of Omagh town centre. The property is fully let to The Department of Finance, generating a current rental income of £130,000 per annum.
The lease is set to expire on 11th April 2028, with a tenant break option on 11th October 2027. The Department of Finance has occupied the building continuously since its construction in the mid 90's.
The four-storey office building extends to approximately 14,902 Sq/Ft, with lift access to all floors. The accommodation is well fitted throughout with aluminum double glazed windows, air-conditioning and oil-fired central heating.
The property sits conveniently adjacent to two public car parks providing ease of access for staff and visitors. Primark, Omagh Academy and Christian Brothers secondary schools are also situated beside Boaz House.
With its prominent central location and scale, Boaz House offers significant future redevelopment potentialwhether for residential (private or social housing), hotel, or mixed-use purposes, subject to the necessary planning consents.
Executive Summary
Boaz House occupies a superb position in Omagh town centre
Excellent covenant, let to The Department of Finance at a rent of £130,000 per annum
Lease expires on 11th April 2028. Tenant break option on 11th October 2027
Tenant has been in occupation since the building's construction in the mid 90s
Comprises a four-storey office building extending to c.14,902 Sq/Ft
Centrally positioned adjacent to Primark, two public car parks and two secondary schools
Future development potential for residential (private or social housing), hotel, or mixed-use purposes, subject to planning.
Seeking offers of £1,000,000 (One Million Pounds), exclusive of VAT. Reflects an attractive Net Initial Yield of 12.33%.
*For further details, please download the Property Brochure.
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Boaz House, 19 Scarffes Entry, Omagh, BT78 1JG
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