Not Specified for sale in Lurgan
Commercial and Residential Investment Opportunity - North Street, Lurgan
FOR SALE: Apartment Block & Commercial Premises
Property Overview: An excellent investment opportunity awaits with this mixed-use building located in the vibrant and bustling North Street, at the heart of Lurgan town center. This property offers an immediate rental return and comprises three first-floor flats and two ground-floor retail shop units, creating a diverse income stream for any property speculator.
Location: Situated on the busy North Street, known for its array of vibrant independent shops, this property stands in a prime location. A large public car park along with street parking options enhances accessibility and convenience for both commercial and residential tenants.
Detailed Description:
Commercial Units:
Unit 1 and Unit 2: Ground-floor retail spaces, both currently leased to independent retailers.Total Size: 2,391.6 sqft across the entire property.Key Features: High street visibility, modern shop fronts, and direct access from North Street.
Residential Units:
Apartments: Three one-bedroom flats on the first floor.Access: Via a staircase from a shared entrance off North Street.Current Status: All apartments are currently leased, providing a steady income stream.
Investment Highlights:
Total Gross Rent: £24,000 per annum.Guide Price: £350,000.Gross Initial Yield: 12%.Potential: Strong potential for future rental growth and property value appreciation.
Additional Features:
The vibrant street setting and proximity to key urban amenities make this an attractive location for tenants.Mixed-use setup allows for a balanced investment with multiple revenue channels.
Contact Information: For further details or to arrange a viewing, please contact Kerri@kinghamproperty.com
Important Information
- This is a Freehold property.
Property Ref: 736298_792755
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Kingham Property Specialists (Lurgan)
41 North Street, Lurgan, County Armagh, BT67 9AG
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