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Lot 28 - 4 Bridge Street, Portadown, County Armagh, BT62 1JD

  • Unconditional Online Auction Sale
  • Guide Price* : £88,000
  • Two Storey Commercial Investment Property
  • Prominent Portadown Town Centre Location
  • Established Restaurant Tenant In Occupation
  • Trading As A Restaurant For Over 25 Years
  • Dining Accommodation Over Two Floors Commercial Kitchen & Ancillary Accommodation External Store
  • Fixtures, Fittings & Catering Equipment Included
  • Current Rent £12,000 Per Annum Approx. 3.5 Years Remaining On Lease
  • Rental Income Estimate - £1208 per month / £14500 per annum

Location

Situated on Bridge Street in the heart of Portadown, the property benefits from a central location close to a wide range of shops, restaurants, businesses and local amenities.

Description

An excellent opportunity to acquire a two storey commercial investment property situated in a prominent town centre location and currently let to an established restaurant operator.

The accommodation comprises:
Ground Floor: Dining Area & Commercial Kitchen
First Floor: Dining / Function Area, Ancillary Accommodation

The property is currently occupied by Barking Bull, which has traded from the premises as a restaurant for over 25 years. The current passing rent is £12,000 per annum with approximately 3.5 years remaining on the existing lease.

Fixtures, fittings and catering equipment are included within the sale.

ACCOMMODATION
The property provides the following Net Internal Areas:

Ground Floor
Retail / Dining: 392 sq ft
Kitchen: 265 sq ft

First Floor
Dining / Serving Area: 695 sq ft
Ancillary accommodation: 494 sq ft

External
Potato Store: 162 sq ft

TOTAL: 2100 Sq Ft

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Property information provided in any form by or on behalf of BRG Gibson Auctions or the vendor is illustrative, not factual, and constitutes no representation, condition or warranty. Errors, omissions or misdescriptions confer no right of action, claim, entitlement, or compensation against either. Bidders must satisfy themselves as to accuracy through their own independent due diligence.

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