Refurbished commercial premises in Armagh on market for £480,000
A PROMINENT commercial premises in Armagh with residential accommodation suitable for investors or owner/occupiers has come on to the open market.
Best Property Services is managing the sale of 6-8 Russell Street in Armagh (including Porter's Lodge), which has a guide price of £480,000.
The sale represents an opportunity to acquire two self-contained commercial units which have recently been refurbished and are ready to let, as well as six residential units in a prime city centre location which is currently in high demand.
And the agents say the rental potential is up to £50,000 a year.
The 6-8 Russell Street premises is a period building (heritage listed) with significant character.
The commercial part of the building at 6 Russell Street (1,150 sq ft) includes a reception, two offices and kitchen, all refurbished to a high standard.
The let-ready apartments are larger than average size (up to 980 sq ft) and have been modernised and refurbished/redecorated.
The residential accommodation is separately accessed from Russell Street and is lift-serviced.
Indeed one of the first floor flats (860 sq ft) is currently occupied and generating a monthly rental of £480.
"The Russell Street area benefits from high visibility and significant volumes of pedestrian and vehicle traffic," Best Property Services says.
"This particularly property could be suitable for someone wanting to run short term lets or holiday accommodation."
Full details of the sale are available from Best Commercial (www.bestpropertyservices.com).