6-8 Russell Street, Armagh BT61 9AA

Additional Information

FOR SALE

6-8 RUSSELL STREET (INCL. PORTERS LODGE)
ARMAGH
CO. ARMAGH

AVAILABLE IN ONE OR THREE LOTS

PROMINENT COMMERCIAL PREMISES WITH RESIDENTIAL ACCOMMODATION SUITABLE FOR INVESTORS/OWNER OCCUPIERS

LOCATION

The subject property occupies a prominent position fronting Russell Street in Armagh City Centre.
The area benefits from high visibility and significant volumes of vehicular and pedestrian traffic.
This sale represents an excellent opportunity to acquire 2 No. self contained commercial units and 6 No. residential units in a city centre location.
The property is available for sale in 1 or 3 lots.

ACCOMMODATION

No. 6 Russell Street, Armagh

Ground Floor:-
Reception, 2 No. Offices, Kitchen

Basement:-
3 No. Stores

Approx. NIA 107 sqm 1150 sqft

No. 8 Russell Street, Armagh

Ground Floor:-
2 No. Offices, Kitchen, W/C

Basement:-
2 No. Stores

Approx. NIA 69.2 sqm (745 sqft)

RESIDENTIAL ACCOMMODATION- PORTERS LODGE

First Floor:-

Flat 1
Living Room, Kitchen, 2 Bedrooms, Bathroom
Approx GIA 79.61 sqm (860 sqft)

Flat 2
Living Room, Kitchen, 2 Bedrooms, Bathroom
Approx GIA 90.62 sqm (975 sqft)

Second Floor:-

Flat 3
Living Room, Kitchen, 2 Bedrooms, Bathroom
Approx GIA 77.91 sqm (840sqft)

Flat 4
Living Room, Kitchen, 2 Bedrooms, Bathroom
Approx GIA 90.59 sqm (980 sqft)

Third Floor:-

Flat 5
Living Room, Kitchen, 2 Bedrooms, Bathroom
Approx GIA 54.83 sqm (590 sqft)

Flat 6
Living Room, Kitchen, 2 Bedrooms, Bathroom
Approx GIA 66.89 sqm (720 sqft)

OTHER DETAILS

The residential accommodation is seperately accessed from Russell Street and is lift serviced.

LISTING

No 6 Russell Street is B2 Listed
No 8 Russell Street is B Listed

Intending purchasers are advised to make their own enquires in this regard.

CURRENT RENTAL INCOME

FLAT NO.                      RENTAL INCOME
1                           £400 pcm (monthly tenancy)
2                                              Vacant
3                                              Vacant
4                         £357.50 pcm (monthly tenancy)
5                                             Vacant
6                            £290.33 pcm (monthly tenancy)

NAV

We are verbally advised by the Land and Property Services that the NAV of the property is as follows:

No 6 Russell Street - £8450
No 8 Russell Street - £4950

The commercial rate in the pound for 2010/2011 is £0.5947.

VAT

Prices, outgoings and rentals are exclusive of but may be liable to VAT.

OFFERS

We reserve the right on behalf of the vendor to conclude the bidding (if necessary) by holding a meeting of all the bidders on a specified date and time in our office.

In the event that a meeting is to be arranged only those interested parties with a valid offer on the property can be assured of being notified of the specific time and date.

VENDOR’S SOLICITOR

Mr Robert Ferguson
D & E Fisher
Solicitors
8 Trevor Hill
Newry
Co. Down

GUIDE PRICE

Offers in the region of £550,000 (Entire)

? VIEWING

? Viewing is strictly by appointment with sole selling agents Best Property Services.