CPS are delighted to welcome to the market this expansive and attractive listed building in the heart of Armagh City; formerly occupied and used as offices. This four-story building offers access via two separate entrance/access points and has been well maintained throughout. The building offers development potential for a change of use from offices to residential use; subject to statutory planning approval.
LOCATION
The property is located on Russell Street, Armagh City Centre; which is a one-way street and accessed off the roundabout junction of College Hill, Lonsdale Road, and Rokeby Green; leading to Gosford Place and The Mall West. The property is ideally situated in a prime city center location and is in close proximity all local amenities, transport networks, and buildings and areas of historical significance through the city.
DESCRIPTION
No. 18 Russell Street is a substantial four-story Grade B1 Listed Building circa 4,799 Sqft comprising a basement to second floor office accommodation. The building is laid out with various offices, meeting rooms, waiting areas, WC, and kitchen facilities spread over the four floors. The property further benefits from oil fired central heating and car parking facilities to the rear accessed off Russell Street.
(Please Note No. 20 Russell Street is also available for purchase which could be purchased along with No. 18 Russell Street)
GUIDE PRICE
We have been instructed to seek a guide price of £245,000 (Two Hundred and Forty-Five Thousand Pounds)
RATES
As Per the LPS website the rates are calculated combining No. 18 & No. 20. As such, subject to re-assessment/valuation if purchased separately. Currently assessed/valued as follows:
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Unit 1, 18-20 Russell Street – NAV £18,300 – 2024/25 Rates Payable £10,788.82
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Unit 2, 18-20 Russell Street – NAV 3,100 – 2024/25 Rates Payable £1,827.61
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Unit 3, 18-20 Russell Street – NAV 13,400 – 2024/25 Rates Payable £7,900.01
(Subject to exemption of vacant rates for Listed Building Status)
VIEWING INFORMATION
For further information or if you wish to arrange a viewing, please contact our commercial team on
OR
commercials@cps-property.com
