Portadown town in County Armagh is based on the River Bann, and is situated approximately 24 miles southwest of Belfast. It had a population of about 32,000 at the 2021 Census.
The property is situated on the A27 Bridge Street road linking it to the town centre. The property is surrounded by a range of both residential dwellings and commericial occupiers including Asda.
The property comprises an end terrace traditionally constructed building over ground and first floors covered with a pitched slate roof. Internally this building comprises a reception and ancillary accommodation on the ground floor and storage on the first floor.
To the rear is the Funeral Church building with a large covered car port facility. There is vehicular access to the side.
4,930 sqft (458 sqm)
Site Area 0.16 acres
A 15 year lease term with effect from November 2020 at an annual passing rent of £16,000. The lease is subject to 5 yearly rent reviews which are RPI linked collared and capped at 2% and 4% respectively. There is tenant break option in November 2030.
An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - F127.
All figures quoted are exclusive of and may therefore be liable to VAT.
Please refer to vendor’s solicitor for Title Pack or download from the OK Auction website (www.osborneking.com/online-auctions).
Net Annual Value: £16,100
Estimated rates payable for 2025/2026: £9,820
Capital Value: £52,000
Estimated rates payable for 2024/2025: £525
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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