CPS are delighted to have been appointed to list for sale this excellent two storey commercial premises in Portadown. The retail unit provides an excellent investment opportunity with a sitting tenant producing a rental yield of 8%.
LOCATION
The premises is located at 73 Woodhouse Street and is accessed via the main Market Street in Portadown Town Centre and Obins Street. The property is located in close proximity to High Street Mall with major anchor tenants such as Lidl, Home Bargains, and Boots. The area is predominately commercial and has high volumes of passing trade.
DESCRIPTION
73 Woodhouse Street comprises a two-storey commercial premises with open plan shop floor, two rear areas, and a further room on the first floor. The property benefits from a PVC glazed shop front and electric roller shutter access. The property has a gross rent roll of £10,800 Per Annum and is occupied by Tom Moses Exclusive Interiors by Thomas Vaughan.
COMPRISES
Ground Floor – Shop Floor – 26.50 Sqm
Ground Floor – Rear Area 1 – 22.00 Sqm
Ground Floor – Rear Area 2 – 9.81 Sqm
First Floor – Room – 51.00 Sqm
Total – Circa 109.31 Sqm / 1,177 Sqft
SALE PRICE
We have been instructed to seek an asking price of £135,000 (One Hundred and Thirty-Five Thousand Pounds)
RATES
As per the LPS website the rates are calculated with an NAV of £6,750 with Rates payable for 2023/24 at £3,804.60 (Payable by the tenant)
VIEWING INFO
For further information or if you wish to arrange a viewing, please contact our commercial team on 028 95 622 188
