A Fully Let Mixed Use Investment Producing £116,900, 88-94 William Street,
Lurgan, BT66 6JB
Retail
Price £1,200,000
Contact Lisney
+44 28 9050 1501
Property Overview
Status
For Sale
Style
Retail
Property Financials
Price
£1,200,000
Features
- Well managed and maintained externally and internally
- Located in an area of high rental demand
- Fully let producing a contracted gross annual income of £116,900 pa to Year End November 2024
- Based on a purchase price of £1,200,000, the asset produces a gross yield of 9.74% , before purchaser's costs.
- Reversionary income - potential to grow rents.
Built in 2012 the property comprises a modern, mixed use block of ground floor commercial / retail space and 3 upper floors of apartments (12 no. 2 bedroom) with a mix of ground level and under-croft parking to the rear (13 spaces). The property can also be accessed from Abbey Manor to the rear.
