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Prominent Town Centre building
Ground Floor Commercial unit 1,400 Sq Ft
5no. 1 bed apartments - Fully Let
Rental Income of £1,646 per month
13 Thomas Street, Portadown
** Opportunity to acquire Prominent Town Centre building with rental income **
The property is arranged over 3 floors with an extensive commercial unit on the ground floor and 5no. 1 bed apartments over the 3 storeys.
The ground floor extends to 1,400 Sq Ft and was most recently used as an office. It comprises of bright open plan room at the front and beyond this are 2 further private offices. Along the corridor to the rear of the building is the kitchen and large storage room. WC facility is also located on the ground floor.
The commercial unit is finished to a good standard with carpet tile flooring, papered walls, suspended ceiling and recessed box lighting. The unit has an aluminium double glazed shop front with key pad door access and an electric roller shutter. The property also benefits from a fire alarm, intruder alarm and emergency lighting. Heating for this unit is by OFCH. The property is suitable for a variety of uses and early viewing comes highly recommended to fully appreciate the full scale of the accommodation.
The remainder of the building comprises of 5no. 1 bed apartments, with 1 on ground floor, 2 on 1st floor and a further 2 on the top floor. All are 1 bed apartments and are fully let on long term tenancies. Total rental income of £1646 per month – further details available upon request.
The subject property is situated in a prominent location fronting Thomas Street in Portadown town centre and benefits from high levels of passing pedestrian and vehicular traffic. Neighbouring occupiers include Hamills Pharmacy, The Royal British Legion and Red’s Barber Shop.
Ground Floor Commercial Unit
Rate £ 20/21 0.538483
Rates payable estimated at £2,988 per annum
Perspective purchasers are advised to satisfy their own enquiries directly with LPS in regard to discounts and rates relief,
Residential Units – Capital Values
Flat A £40,000
Flat B £40,000
Flat C £40,000
Flat D £40,000
Flat E £40,000
For further information or to arrange a viewing please contact Alison McClean
Tel. 07885 603066
Status: For Sale
Stamp Duty: £0*
* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.