9–11 Castle Street, Portadown

PRIME TOWN CENTRE COMMERCIAL & INVESTMENT OPPORTUNITY

Freehold Commercial Property with Residential Conversion Potential

A rare opportunity to acquire a centrally positioned freehold property in the heart of Portadown town centre, comprising a well-established ground floor retail unit together with substantial first floor showroom and storage accommodation offering exciting potential for future residential conversion, subject to planning approval.**

THE OPPORTUNITY

9–11 Castle Street occupies a prominent and highly accessible position within Portadown town centre, providing an excellent opportunity for investors, owner-occupiers and developers seeking a property with both existing income potential and future redevelopment possibilities.

The property extends to approximately 195 sq m (2,100 sq ft) over two floors and is currently arranged as:

• Ground floor retail accommodation of approximately 108 sq m
• First floor showroom and storage accommodation of approximately 87 sq m
• Freehold tenure
• Established retail occupation at ground floor
• Valuable first floor accommodation with potential for residential conversion, subject to planning

The combination of an established commercial use, town centre location and potential alternative use makes this an opportunity with considerable flexibility and longer-term potential.

GROUND FLOOR

Established Retail Investment

The ground floor comprises approximately 108 sq m (1,163 sq ft) of commercial accommodation and is currently occupied and trading successfully as a retail flower shop.

NAV: £14,400 per annum
Rates Payable: £9038 per annum
Accommodation: Approx. 108 sq m

The existing retail use provides an established commercial presence within the town centre, while the property's freehold status offers investors the opportunity to acquire the underlying asset and benefit from future occupational or redevelopment decisions.

FIRST FLOOR

Significant Added-Value Potential

The first floor extends to approximately 87 sq m (936 sq ft) and currently provides showroom and storage accommodation with direct access from the ground floor retail unit.

Accommodation: Approx. 87 sq m

Of particular interest is the potential to convert the first floor into residential accommodation, subject to obtaining the necessary planning and statutory approvals.

This provides an investor or developer with the opportunity to explore a potential change of use and creation of additional residential value within an established town centre location.

The first floor could therefore represent a significant opportunity to unlock value that is not currently being fully realised.

WHY 9–11 CASTLE STREET?

CENTRAL TOWN CENTRE LOCATION

Situated on Castle Street, the property benefits from a highly accessible position within the commercial heart of Portadown.

FREEHOLD OWNERSHIP

The property is offered on a freehold basis, providing long-term ownership flexibility and control over future use and investment strategy.

ESTABLISHED COMMERCIAL USE

The ground floor is currently operating as a successful retail flower shop, providing an established commercial use and active trading presence.

RESIDENTIAL CONVERSION POTENTIAL

The first floor offers approximately 87 sq m of additional accommodation with potential for residential conversion, subject to planning approval.

VALUE-ADD OPPORTUNITY

The property offers scope to enhance its investment profile through reconfiguration, alternative use or residential conversion of the upper floor.

INVESTMENT HIGHLIGHTS

Freehold town centre property

Approx. 195 sq m / 2,100 sq ft total accommodation

Established ground floor retail use

Approx. 108 sq m ground floor

Approx. 87 sq m first floor

Residential conversion potential, subject to planning

Prominent central Portadown location

Potential to create additional value from the upper floor

Suitable for investment, owner-occupation or future redevelopment

THE POTENTIAL

The appeal of 9–11 Castle Street extends beyond its current commercial use.

The property provides an investor with the opportunity to acquire a substantial freehold town centre asset with an existing retail use while retaining the possibility of pursuing an alternative strategy for the upper floor.

Subject to planning and all necessary consents, the first floor could potentially be transformed into residential accommodation, creating an additional income-producing or disposal opportunity.

This dual commercial and residential potential makes the property particularly attractive to purchasers looking for a value-add investment rather than a straightforward passive commercial asset.

LOCATION

Portadown is one of County Armagh's principal commercial and residential centres and benefits from excellent transport connections and a broad catchment population.

Castle Street is positioned within the established town centre, close to a range of retail, professional, leisure and civic amenities.

The town benefits from strong road and rail connectivity, with Portadown railway station providing regular services to Belfast and Dublin.

VIEWING & FURTHER INFORMATION

For further information please contact our Portadown office on 028 3886 8888

CPS Property
Commercial Property Specialists
All measurements are approximate. Any proposed change of use or residential conversion is subject to obtaining the necessary planning permission, statutory approvals and consents. Interested parties are advised to make their own enquiries and satisfy themselves in relation to all planning, rating, title and other matters.