Commercial Property
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Additional Information
- ROI Investment Opportunity
- Over 10% ROI Investment Opportunity
- Rental income upto £25,100 per annum
- Ground Floor Commercial Unit & Rear Yard
- Total 4 one bed apartments (2 up 2 down)
- Architect plans for 6 -12 apartments
- Potential for futher development
- In need of modernisation
- Fully occupied at time of advert
Ground floor commercial unit & rear yard
4 No.1 bed apartments - 2 on GF & 2 on 1F
Fully let
Rental income upto £25,100 per annum
In need of modernization
Prominent location on the edge of Portadown Town Centre
Within close proximity to public car park & public transport services
Further lease details available upon request
LOCATION
The current occupation of the property comprises of ground floor commercial for the local boxing club, with two ground floor one bedroom units occupied at £100 per week, two further one bedroom apartments located on the first floor also occupied for £100 per week.
Subject to planning permission there is further development potential and architect plans already drawn to make two further one bedroom properties or potential for an entire apartment block of 12 x one bedroom units subject to acquiring neighboring land.
These plans can be shared upon serious enquiry.
Offers strictly over £250,000 with high ROI. The rental income is factored with a contractual rent increase due.
VIEWING ARRANGEMENTS
By appointment only, for further information or to arrange a viewing please contact Ryan Reavie, Hannath Estate Agents.
Tel. 028 38 399911
Mob: 07908808971
Email. [email protected]
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