3-5, Market Str Lurgan, Lurgan, BT66 6AR

Features of this property

• Prime Town Centre Redevelopment Opportunity
• (Subject to Planning)

Property Description

The property comprises a partially cleared site at No. 3 Market Street and a former commercial premises at No. 5 Market Street which provides a mix of office and storage accommodation with former residential accommodation on the upper floors.

The property benefits from planning consent for the reconstruction of No. 3 Market Street to include repairs to the front elevation of No. 5 and the widening of the central archway to provide access to the rear. Further details are provided below.

Planning

The property is situated within the Lurgan Town ‘Area of Townscape Character’ and No. 3 benefits from planning consent for demolition within a conservation area, Ref No. N/2008/07724/DCA. 

It also benefits from planning consent for the proposed reconstruction of No. 3 to include retail at ground floor and office space on the 1st and 2nd floors, as well as repairs to the front elevation of No. 5 to include a new shopfront and widening of the access archway. 

This consent was granted on the 27th January 2009, Ref No. N/2008/0777/F. It is a condition of this planning permission that the redevelopment must have commenced before the expiration of two years from the date of said permission. 

Further details and plans are available to genuinely interested parties on request.

Accommodation

The property is situated on a site of approx 0.173 acres (0.07 ha). Below are the proposed approx areas for No. 3 and existing approx areas for No. 5.

No. 3 Market Street

Ground floor retail - 1016 sq ft (94 sq m)

First floor office - 1154 sq ft (107 sq m)

Second floor office - 1154 sq ft (107 sq m)

Total - 3324 sq ft (308 sq m)

No. 5 Market Street

Ground floor 

Office - 194 sq ft (18 sq m)

Store - 32 sq ft (3 sq m)

Room - 149 sq ft (14 sq m)

Prep Room - 152 sq ft (14 sq m)

Store - 69 sq ft (6 sq m)

Room - 96 sq ft (9 sq m)

Room - 118 sq ft (11 sq m)

Hall - 366 sq ft (34 sq m)

First floor

Office - 282 sq ft (26 sq m)

Kitchen - 146 sq ft (14 sq m)

Second floor 

Bedroom 1 - 78 sq ft (7 sq m)

Bedroom 2 - 169 sq ft (16 sq m)

Rear first floor - store - 354 sq ft (33 sq m)

Total - 2205 sq ft (205 sq m)

Title

We have assumed that the property is held freehold or long leasehold, subject to a nominal ground rent and free from any onerous or restrictive covenants.

Price

£250,000 (Two Hundred and Fifty Thousand Pounds) exclusive, subject to contract.

Viewing

Please contact Mark McCaul.

Tel - 90 233455 or E-mailmark.mccaul@dtzmcp.com

Location of 3-5, Market Str Lurgan, Lurgan