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- 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.
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.
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.
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.
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