CPS are delighted to bring to the sale market this excellent two-storey mid-terrace commercial premises based on Thomas Street, Armagh City.  This property is currently occupied by a florist on the ground floor and a holistic therapy business on the first floor, ideally suited to investor with a rental yield of 8.4%.

LOCATION

The commercial premises are situated at 47 & 47A Thomas Street, Armagh, BT61 7QB and is accessed via Ogle Street and Dobbin Street; while leading onto Market Street and Scotch Street.  The unit is surrounded by predominately commercial property and has high volumes of vehicular and pedestrian passing trade. 

DESCRIPTION

47 & 47A Thomas Street, Armagh comprises a two-storey retail/office premises circa 1,280 Sqft; which is currently being used as a florist and a holistic therapy business.  The florists comprise an open plan shop floor, rear workshop, and a WC on the ground floor.  The ground floor area of the holistic therapies business comprises an entrance hall, room, and kitchen.  The first floor has a further four rooms and a WC.  There is a rear garden/yard to the premises with access via a rear alleyway.

COMPRISES

Florists (47):

Ground Floor – Shop Floor – 5.28m x 4.38m

Wooden frame single glazed shop front, suspended ceiling, halogen lighting, and tiled flooring.

Ground Floor – Rear Workshop – 3.64m x 3.14m

Tiled flooring, strip lighting, and wooden frame rear door

Ground Floor – WC – 1.44m x 0.80m

White two-piece suite, wooden frame single glazed window, and tiled flooring.

 

Holistic Therapy Premises (47A):

Ground Floor – Entrance Hall – 4.67m x 1.64m

Laminate flooring, wooden frame single glazed door, single radiator, and storage

Ground Floor – Room 1 – 3.91m x 3.58m

Vinyl flooring, fireplace, PVC double glazed window, and double radiator

Ground Floor – Kitchen – 2.49m x 2.94m

Vinyl flooring, high- and low-level units, tiled walls, wooden frame rear door, PVC double glazed window, and small wooden frame single glazed window,

First Floor – Hall, Stairs, & Landing

Fitted carpet, and 2 x single radiators

First Floor – Room 2 – 3.77m x 3.29m

Laminate flooring, PVC double glazed window, single radiator, and old fireplace

First Floor – Room 3 – 3.00m x 2.98m

Laminate flooring, PVC double glazed window, and single radiator

First Floor – Room 4 – 4.53m x 4.20m

Fitted carpet, PVC double glazed windows, electric fireplace, and double radiator

First Floor – Room 5 – 3.00m x 3.77m

Laminate flooring, PVC double glazed window, and double radiator

First Floor – Bathroom – 2.60m x 2.05m

Cream three-piece suite including a bath, laminate flooring, tiled walls, two wooden frame single glazed windows, single radiator, and hot press.

Total – 118.92 Sqm / 1,280 Sqft

 

GUIDE PRICE

We have been instructed to seek a guide price of £129,000 (One Hundred & Twenty-Nine Thousand Pounds)

RATES

As per the LPS website this property has an:

• NAV of £4,900 rated as a shop & store.  The rates payable for 2023/24 is £2,761.86
• NAV of £4,850 rated as ground and 1st floor rooms.  The rates payable for 2023/24 is £2,733.68

VIEWING INFO

For further information or if you wish to arrange a viewing, please contact our commercial team on 

028 95 622 188  

 or commercials@cps-property.com