ROI Investment and Development opportunity
** INVESTMENT OPPORTUNITY ** Mixed residential and commercial
- Ground floor commercial unit & rear yard
- 4 x one bed apartments - 2 on GF & 2 on 1F
- Fully let at time of advertising
- Rental income up to £25,100 per annum
- In need of modernization
- Prominent location on the edge of Portadown Town Centre
- Within close proximity to public car park & public transport services
- Further lease details available upon request
The current occupation of the property comprises of ground floor commercial for the local boxing club, with two ground floor one bedroom units occupied at £100 per week, two further one bedroom apartments located on the first floor also occupied for £100 per week.
Subject to planning permission there is further development potential and architect plans already drawn to make two further one bedroom properties or potential for an entire apartment block of 12 x one bedroom units subject to acquiring neighboring land.
These plans can be shared upon serious enquiry.
Offers in region of £250,000 with high ROI. The rental income is factored with a contractual rent increase.
By appointment only, for further information or to arrange a viewing please contact Hannath Estate Agents.
Tel. 028 38 399911