Room Measurements

RETAIL INVESTMENT OPPORTUNITY

We are pleased to present a remarkable investment opportunity in the busy town of Lurgan and encompassing a tenanted supermarket. This exceptional property promises stability and growth potential, making it an ideal investment opportunity for both seasoned investors and newcomers to the market. The sitting tenant is unaffected by the sale.

DESCRIPTION

This building is ideally situated in center of Lurgan, ensuring high footfall and visibility. It benefits from a prime location on the main commercial street, surrounded by other retail businesses, cafes, and local amenities. Convenient access to public transportation and ample parking options make it easily accessible for both locals and visitors.

LOCATION

Lurgan is a historic town located in County Armagh, Northern Ireland. Situated in the central part of the country, it is approximately 25 miles southwest of Belfast and 20 miles northwest of Newry. Lurgan is known for its rich heritage, friendly community, and picturesque surroundings. Lurgan's town center is a hub of activity, featuring a variety of shops, boutiques, cafes, restaurants, and local businesses. The bustling streets are filled with a mix of traditional and contemporary architecture, creating a unique atmosphere. The town center is a popular destination for both residents and visitors alike, providing a vibrant and lively environment.

TENANCY

One of the key advantages of this investment opportunity is the presence of reliable, long-term tenants who will remain unaffected by the sale. The sitting tenants have a strong track record of successful operations and have committed to long-term lease agreements. This ensures a consistent rental income stream and minimizes any potential disruption in cash flow. The tenants' established customer base and loyal following add to the stability and profitability of this investment.

SPECIFICATION

Ground Floor extending to 2100 Sq Ft Surface mounted Flouresant lighting Suspended ceilings W.C Kitchenette Office CCTV Service lift Storage 1st/2nd Floor Shared service entrance Rear yard Glazed shopfront and pedestrian door Electric roller shutter

NAV

We are advised that the NAV is £18,900.00. Estimated Rates Payable 21/22: £10,652.89 per annum. The property should benefit from the Small Business Rates Relief Scheme, which would provide an occupier with a 20% reduction in rates payable. However; we recommend that you verify this with Land & Property Services.

VIEWING DETAILS/ FURTHER INFORMATION

For further information or to arrange a viewing, please contact: Stephen Gray, Manager - Commercial Property T: 028 300 50633 E: stephen.gray@bradleyni.com