Lot 18 - 45-51 William Street, Lurgan, Co Armagh, BT67 9LY

  • Unconditional Online Auction Sale
  • Maximum Reserve : £150,000

Maximum Reserve: £150,000

Block of Residential Properties

  • Substantial Town Centre Residential Redevelopment Opportunity
  • Comprises 45 - 51 William Street
  • May Qualify For Substantial Grant Aid Assistance

Location

The property is located on the busy William Street in Lurgan, next to Wesley Place car park. Lurgan is a town in Co Armagh and is situated near the southern shore of Lough Neagh. It is located approximately 25 miles south west of Belfast and can be easily accessed via the M1 Motorway. William Street forms part of the main route from Lurgan town centre to the M1 Motorway. Surrounding occupiers include Spar, William Street Veterinary Clinic and Take 30 Fitness Centre. Lurgan Train Station is only a two minute walk away.

Description

The property comprises four derelict buildings and a site to the rear which has access off North Street. The buildings are currently in disrepair allowing a developer the opportunity to fully redevelop this site. The properties are arranged across ground, first and second floors and are of traditional construction.

We understand from Lurgan Townscape Heritage Scheme that there are substantial grants available for the redevelopment of these four properties. This opportunity may qualify for Substantial Heritage Lottery Funding

Accommodation

Total Site Area 0.3 acres (0.12 hectares)

Planning

We have carried out a planning online search and we have been unable to identify any specific planning applications for the subject properties in recent times. We advise any prospective purchasers to make their own independent enquiries relating to planning.

VAT

All figures quoted are exclusive of and may therefore be liable to VAT.

Title

Please refer to vendor’s solicitor for Title Pack or download from the iOK Auction website (www.iokauction.com).

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Security Deposit

£10,000

Buyer's Administration Fee

£720

Maximum Reserve

£150,000

Vendors Solicitor

Ken Rutherford, DWF NI, 42 Queen Street, Belfast, BT1 6HL
0333 320 2220

Agreement Documents

Additional Documents

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