For Sale

41, 42/43 & 44, Market Square, Dungannon, BT70 1JN

Photo 1 of 4
Commercial Property

Location of 41, 42/43 & 44

My Important Places

Add important places to see how far they are from this property.

features

  • Substantial Town Centre commercial property in prime pitch.
  • Part let producing a good rental stream with potential to increase that rental stream upon rent reviews/re-gear of the current leases.
  • No.s 41 & 42/43 let to Menarys producing approx. £61,875 per annum exclusive with the ground floor of No.44 now let at £18,000 per annum exclusive.
  • Approximately 24,300 sq ft of floor space in total located in a prime pitch within Dungannon Town Centre.

description

LOCATION

Dungannon is one of the biggest and busiest towns in Co. Tyrone. It is located just off the M1 motorway which links this prosperous market town with Belfast, Lisburn and Portadown. The property has a resident population of approx. 16,000 people with a further catchment population in excess of 60,000 people.



SITUATION

The properties are located on Market Square which would be perceived as the main retail pitch and hub within this very prosperous and extremely busy market town.



DESCRIPTION

No.s 41 & 42/43 Market Square occupied by Menarys, is a substantial 4 storey property with lettable accommodation arranged over basement, ground, 1st and 2nd floor.



The property was redeveloped and refurbished a number of years ago and has been let to Menary's Retail Ltd since that time. Menarys are an excellent local multiple chain who trade from 18 stores throughout the North of Ireland.



Bob & Bert's, which is a concession within Menarys, trade from part of the ground floor very successfully.



Ground floor of no. 44 is currently let and provides a modern retail premises with excellent glazed shopfront. Upper floor space in 44 Market Square could potentially lend itself to conversion to residential apartments (subject to any necessary consents).



Residential rental sector in Dungannon proves to be very successful due to the increasing population within the general area.



Obvious asset management opportunities.

Property Costs

  • Status: For Sale
  • From£950,000
  • 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.

Downloads

Mortgage Calculator

in association withUlster Bank
10%
years
%
£4,081.9 per month
How much could I borrow?

These results are not provided by Ulster Bank and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Contact Agent

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Cushman & Wakefield
5 Oxford Street

Other costs to budget for

Wilson Nesbitt Solicitors

Get a free property legal expenses quotation