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Porters Lodge, 6-8 Russell Street Armagh , BT61 9AA

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For sale | Investment Property, 636 sq. metres |
Offers around £480,000
Photo 1 of Porters Lodge, 6-8 Russell Street, Armagh
Investment Property

A fantastic investment opportunity to acquire two LET ready offices on the surrounds of the retail precinct in Armagh with six 2 Bedroom units in a highly desired rental location.

Key Information

Address Porters Lodge, 6-8 Russell Street, Armagh
Style Investment Property
Status For sale
Price Offers around £480,000

Additional Information

Investment Property with potential for lucrative rental income

This sale represents an excellent opportunity to acquire 2 No. Self-contained ground floor commercial shop /office units which have recently been refurbished and are ready for immediate occupation

As well as "Porters Lodge" which comprises 6 No. lift serviced residential units in a city centre location which is currently in high demand for rental.

Situated in the attractive Georgian city of Armagh , this listed property of significant character offers a rare opportunity to acquire such a heritage building.

Armagh is the Ecclesiastical Capital of Ireland, and benefits from it major historic hertitage.

Two of the apartments are presently occupied with the remainder of the premises vacant and ready to let having just been redecorated .

** To view floor plans please see PDF files below **

Offices

6 Russell Street, Armagh

Ground Floor:

Reception, 2 No. Offices, Kitchen

Basement:

3 No. Store rooms

*Approx NIA 107 sqm

 

8 Russell Street, Armagh

Ground Floor

2 No. Offices, Kitchen and W/C

Basement

2 No. Store rooms

*Aprrox. NIA 69.2 sqm

There are 6 leased car parking spaces to the rear of the premises which are leased annually. (current cost £245/space per year)

 

Residential Accommodation

8 Russell Street, Armagh

Flat 1: (Currently Occupied)

Living Room, Kitchen, 2 Bedrooms, Bathroom

*Approx GIA 79.61 sqm

Approx current rates payable £580.09 p/a

Flat 2:

Living Room, Kitchen, 2 Bedrooms, Bathroom

*Approx GIA 90.62 sqm

Approx current rates payable £623.06 p/a

Flat 3:

Living Room, Kitchen, 2 Bedrooms, Bathroom

*Approx GIA 77.91 sqm

Approx current rates payable £580.09 p/a

Flat 4:

Living Room, Kitchen, 2 Bedrooms, Bathroom

* Approx GIA 90.59 sqm

Approx current rates payable £623.06 p/a

Flat 5:

Living Room, Kitchenette, 1 Bedroom, Bathroom

*Approx GIA 54.83 sqm

Approx current rates payable £360.95

Flat 6:

Living Room, Kitchenette, 1 Bedroom, Bathroom

*Approx GIA 66.89 sqm 

Approx current rates payable £472.67 p/a

 

Solicitor having carriage of sale:

Stephen Begley Merchants Quay Newry

 

Projected income figures available from agent.

 

Viewing is strictly by appointment only. For further details or to schedule a viewing please call Conor Mallon on 07831 176520.

 

 

Directions

Just off the A3 in Armagh at Gosford place, take the right turn onto Russell street just before the Free Presbyterian Church.

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