20 High Street, Lurgan, BT66 8AW

For sale by Baird Real Estate via the iamsold Bidding Platform

Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit iamsold.ie. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.

To the upper floors at the front of the building are two additional levels offering significant development potential (currently without internal access), ideal for conversion or expansion subject to necessary consents.

Externally, the property benefits from a rear yard with vehicular access, providing added convenience for deliveries or parking.

Whether you are an established business seeking a prime town centre location, an investor looking for a high-yield opportunity, or a developer exploring potential for mixed-use or expansion, this property offers endless possibilities.

Fixtures and fittings may be negotiable.

Accommodation Comprises:

Ground floor, shop area 

Office space:  1.4m wide x 3.5m 

WC:   1.25 x 1.40

Float wash hand basin, shelved slot lighting and extractor fan.

Shop floor:  5.25 x 28.5

Tiled walls, power points, sinks and drainers, (Cold stores), alleyway leading from high street, concrete path leading to store and prep area .

Built in cold storage, stainless steel sink and drainers, power point, ramp.

Kitchen Area:  8.95 x 5.66

Stainless steel sink drainers, extractor system, power points, built in cold storage, pvc walling, fire exit, pvc doors and windows dividing from prep area.

First Floor

Work Area:  15m x 5.88m

Vinyl flooring, power points, extractor fan and fire exit.

Office 1:  3.6m x 3.4m 

Rear aspect windows, power points, radiator, telephone point and vinyl flooring.

Office 2:  3.55 x 2.55 

TV and power points, windows over looking to main retail space.

Storage Room:  5.5 x 3.05

Power points, range storage, cupboards, stainless steel sink drainer, rear aspect windows, steps into storage and vinyl flooring.

Storage 2:  2.45 x 4.5

Vinyl, lighting and front aspect windows, 

Access to rear yard 

Stoned lane way and parking at rear

Outside storage area/wc:  2.7 x 4.18

VAT

We are awaiting confirmation if the property is elected for VAT

Rates

There are two seperate NAV values associated to the property

20 High Street

NAV - £11,700

Rates payable (25/26) - £7137 (LPS)

20a High Street

NAV - £4050

Rate payable (25/26) - £2470

Auctioneers Comments:
This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts.

The buyer is also required to make a payment of a non-refundable, part payment 10% Contract Deposit to a minimum of £6,000.00.

In addition to their Contract Deposit, the Buyer must pay an Administration Fee to the Auctioneer of 1.80% of the final agreed sale price including VAT, subject to a minimum of £2,400.00 including VAT for conducting the auction.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

Terms and conditions apply to the traditional auction method and you are required to check the Buyer Information Pack for any special terms and conditions associated with this lot.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.