Auction Jul 07 at 10:00 AM
Guide Price £128,000
4 Bridge Street
Portadown, BT62 1JD
Restaurant (193 sq m)
Restaurant
Time:
Jul 07 at 10:00 AM
Size:
193 sq m (2,077.4 sq ft)
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FANTASTIC INVESTMENT OPPORTUNITY
2 STOREY COMMERCIAL PROPERTY
PROMINENT TOWN CENTRE LOCATION
ESTABLISHED TENANT IN OCCUPATION
WITH STRONG RENTAL YIELD
CURRENT RENT £12,000 / YEAR
POTENTIAL RENT £14,500 / YEAR
INSTANT RETURN ON INVESTMENT
TRADING AS RESTAURANT FOR 25+ YEARS
NET INTERNAL AREA 193.23 sq m
FIXTURES AND FITTINGS INCLUDED
3.5 YEARS REMAINING ON CURRENT LEASE
A rare opportunity to acquire a substantial mixed-use commercial property in a prominent town centre location, let to an established hospitality operator and generating immediate rental income from completion.
The property occupies a highly visible position on Bridge Street, one of Portadown's principal arterial routes, benefitting from consistent pedestrian footfall and heavy passing traffic throughout the day. Its strategic location provides excellent exposure for the tenant while underpinning the long-term investment appeal of the asset.
The premises are currently occupied by Barking Bull, a well-established restaurant business, with the property being sold subject to the existing tenancy. Lease information and rental details are available to interested parties upon request.
Extending to approximately 2,100 sq ft, the property is arranged over two floors and has been configured to maximise customer capacity and operational efficiency. The ground floor comprises a customer dining area together with a fully equipped commercial kitchen, while the first floor provides substantial additional seating accommodation, storage facilities and staff areas.
The flexible layout and generous floor area offer strong long-term asset management potential, with the property suitable for a range of commercial and hospitality uses, subject to any necessary consents.
The sale also includes many of the fixtures, fittings and catering equipment, providing additional value for purchasers.
Accommodation
Ground Floor
Dining / Retail Area: 392 sq ft
Commercial Kitchen: 265 sq ft
First Floor
Dining / Function Area: 695 sq ft
Ancillary Accommodation: 494 sq ft
External
Store: 162 sq ft
Total Net Internal Area: Approx. 2,100 sq ft
No data available
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