Fully Let Mixed Use Investment Producing £116,900 P.a., Reynolds House, 88-94 William Street, Lurgan, Lurgan, BT66 6JB
From
£1,200,000
Typical Mortgage
per monthContact Lisney
Description & Features
- Well managed and maintained externally and internally
- Located in an area of high rental demand
- Fully let producing a contracted gross annual income of £116,900 pa to Year End November 2024
- Based on a purchase price of £1,200,000, the asset produces a gross yield of 9.74% , before purchaser’s costs.
- Reversionary income – potential to grow rents.
Built in 2012 the property comprises a modern, mixed use block of ground floor commercial / retail space and 3 upper floors of apartments (12 no. 2 bedroom) with a mix of ground level and under-croft parking to the rear (13 spaces). The property can also be accessed from Abbey Manor to the rear.
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