2 Market Street, Lurgan, BT66 6AQ

Description

SHORT TERM INVESTMENT

EXTENSIVE RETAIL PREMISES WITH

FUTURE DEVELOPMENT POTENTIAL

(Subject to Planning)

c. 0.18 acres

LOCATION

Occupying a prominent position in the town’s main retail pitch close to the War Memorial, with neighbouring retailers including First Trust Bank, Sean Graham Bookmakers and Superdrug etc.

Lurgan is a prosperous market town which benefits from easy access to the M1 Motorway, and forms part of the Craigavon conurbation with an overall population of approximately 80,000 people.

DESCRIPTION

The property comprises a two storey end terrace building, with two storey extension providing office accommodation and storage to the rear with separate pedestrian and service access on an entire site c. 0.18 acres.

ACCOMMODATION

Ground floor

Retail           1066 sq ft (99.07 sq m )

Office           164 sq ft ( 5.94 sq m )
Office 2        130 sq ft (12.08 sq m )
Office 3          93 sq ft ( 8.64 sq m )
Office 4        368 sq ft (34.20 sq m )
Office 5          81 sq ft ( 7.52 sq m )

Store 1           65 sq ft ( 6.04 sq m )
Store 2           35 sq ft ( 3.25 sq m )
Store 3           37 sq ft ( 3.43 sq m )
Store 4         136 sq ft (12.64 sq m )
Kitchen         153 sq ft (14.22 sq m )
Office 6        140 sq ft (13.01 sq m )
Office 7        162 sq ft (15.05 sq m )

Lower Ground

Store 1          284 sq ft (26.39 sq m )
Store 2         140 sq ft (13.01 sq m )
Store 3           194 sq ft (18.02 sq m )

Net Internal Area 3,148 sq ft (292.51 sq m)

TENURE

The premises are currently let to Neil and Robert Gordon (at a passing rent of £35,000 per annum) from June 2007 to 28 February 2008 and thereafter on a month to month basis whilst not exceeding a period of nine months.

TITLE

Assumed long leasehold.

NAV

We are advised by the Valuation & Lands Agency that the Net Annual Value

of the premises are £19,350

Rate in £ 07/08 is £0.590620

PRICE

Offers over £900,000

VAT

All outgoings, prices and rentals quoted are exclusive of but may be liable to VAT.

VIEWING

By appointment with the sole agents

Contact: Neal Morrison

Telephone: 028 9032 4080

Fax: 028 9032 6366

E-mail: neal@mylesdanker.com

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