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21 Union Street, Lurgan, BT66 8DY

Annually £6,500
  • status Rent
  • style Retail
  • Price Annually £6,500
  • Style Retail
  • EPC Rating D63
    EPC
  • Status Rent
Macfarlane & Smyth Office: 028 9032 5888

Description

Newly renovated retail unit on Union Street in Lurgan.  Features include a new shopfront, newly plastered and painted walls, suspended ceiling,  double glazing and Fire alarm system.  A large basement provides plenty of storage space as well as WC and kitchen facilities.  The entire property has been re-roofed.

ACCOMMODATION
Comprising newly renovated ground floor retail area The basement area provides kitchen and toilet facilities as well as ample additional storage.
Retail space   
23.93 m² (258  ft²) approx

Basement
20.15 m² (217sq ft²)
21 Union Street has a basement containing storage, WC and kitchen facilities.

LEASE DETAILS

TERM
By negotiation

RENT
£6,500 per annum plus rates

RATES
21 Union Union Street is included on the rating list and described as “Amusement Arcade & Store”.

The NAV is currently £4,550.00The rate in the £ 2021/2022 is 0.538483Rates payable based on the above figures would be  £2,450.10 approximately.

A 25% discount is available on the above figure for the 2021/2022 tax year under the Small Business Rates Relief Scheme.  The rates payable would become approximately:Rates payable after 25% discount applied: £1,772.54

VAT
May be charged on rent and outgoings but not currently

REPAIRS
The tenant will be responsible for all repairs.

INSURANCE
Tenant responsible for repayment of the  building insurance premium.

SECURITY
Electrically operated security shutter

VIEWING
Strictly by appointment with Macfarlane & Smyth. For further details please contact Andrew Smyth. 

Location

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Disclaimer: The following calculations act as a guide only, and are based on a typical repayment mortgage model. Financial decisions should not be made based on these calculations and accuracy is not guaranteed. Always seek professional advice before making any financial decisions.

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