20 High Street

For sale by Baird Real Estate via the iamsold Bidding Platform

Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit iamsoldni.com. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.

Occupying a prominent position on Lurgan’s bustling High Street, this substantial property presents a superb opportunity for those seeking a high-visibility commercial premises with excellent potential. The property has long been home to a well-known local butcher’s and offers a versatile layout comprising a spacious ground floor retail area, preparation rooms, kitchen, staff facilities, office space and generous storage space.

To the upper floors at the front of the building are two additional levels offering significant development potential (currently without internal access), ideal for conversion or expansion subject to necessary consents.

Externally, the property benefits from a rear yard with vehicular access, providing added convenience for deliveries or parking.

Whether you are an established business seeking a prime town centre location, an investor looking for a high-yield opportunity, or a developer exploring potential for mixed-use or expansion, this property offers endless possibilities.

Fixtures and fittings may be negotiable.

Accommodation Comprises:

Ground floor, shop area

Office space: 1.4m wide x 3.5m

WC: 1.25 x 1.40

Float wash hand basin, shelved slot lighting and extractor fan.

Shop floor: 5.25 x 28.5

Tiled walls, power points, sinks and drainers, (Cold stores), alleyway leading from high street, concrete path leading to store and prep area .

Built in cold storage, stainless steel sink and drainers, power point, ramp.

Kitchen Area: 8.95 x 5.66

Stainless steel sink drainers, extractor system, power points, built in cold storage, pvc walling, fire exit, pvc doors and windows dividing from prep area.

First Floor

Work Area: 15m x 5.88m

Vinyl flooring, power points, extractor fan and fire exit.

Office 1: 3.6m x 3.4m

Rear aspect windows, power points, radiator, telephone point and vinyl flooring.

Office 2: 3.55 x 2.55

TV and power points, windows over looking to main retail space.

Storage Room: 5.5 x 3.05

Power points, range storage, cupboards, stainless steel sink drainer, rear aspect windows, steps into storage and vinyl flooring.

Storage 2: 2.45 x 4.5

Vinyl, lighting and front aspect windows,

Access to rear yard

Stoned lane way and parking at rear

Outside storage area/wc: 2.7 x 4.18

VAT

We are awaiting confirmation if the property is elected for VAT

Rates

There are two seperate NAV values associated to the property

20 High Street

NAV - £11,700

Rates payable (25/26) - £7137 (LPS)

20a High Street

NAV - £4050

Rate payable (25/26) - £2470

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Unconditional Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

With this auction method, the buyer and seller must Exchange immediately, and Complete 28 days thereafter.

The buyer is required to make payment of a non-refundable Contract Deposit of 10% to a minimum of £6,000.00.

The buyer is also required to make a payment of a non-refundable, Buyer Administration Fee of 1.80% of the purchase price including VAT, subject to a minimum of £2,400.00 including VAT, for conducting the auction.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

Terms and conditions apply to the traditional auction method and you are required to check the Buyer Information Pack for any special terms and conditions associated with this lot.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Please contact us for more information about this property.