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13 Union Street, Lurgan, Craigavon, BT66 8DY

Annually £6,500
  • status Rent
  • style Retail
  • Price Annually £6,500
  • Style Retail
  • EPC Rating A106
    EPC
  • Status Rent
Macfarlane & Smyth Office: 028 9032 5888

Description

NET INTERNAL AREA 47.34 m² (509 ft²) Approx.

Retail unit on Union Street in Lurgan.  Modern shopfront with electrically operated shutters, 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 in recent years.
The accommodation is ready for immediate occupation.  

ACCOMMODATION
Comprising  ground floor retail area.  A basement area provides kitchen and toilet facilities as well as ample additional storage.

Retail space   
25.21 m² (271  ft²) approx

Basement
22.13 m² (238 sq ft²)

13 Union Street has a basement containing its own WC and kitchen facilities.

LEASE DETAILS

TERM
Three years or longer by negotiation

RENT
£6,500 per annum plus rates

RATES
We are verbally advised by the Valuation and Lands Agency that the NAV of the property is as follows:

Ground Floor: £4,550

The rate in the £ 2022/2023 is 0.543607Rates payable based on the above figures would be £2,473.41 per annum approximately before any discounts such as Small Business Rates relief are applied.  (See below)A 25% discount is available for the 2022/23 tax year under the small business rates relief scheme meaning the rates payable for that period would be reduced to £1,855.06 approximately.

VAT
May be charged on rent and outgoings in the future 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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