Lot 07 - 56 Kinelowen Street, Keady, Co Armagh, BT60 3SU

  • Unconditional Online Auction Sale
  • Maximum Reserve : £125,000

Maximum Reserve: £125,000

Commercial Property Investment (Business Unaffected)

  • Fully let dental investment (business unaffected)
  • New 15 year lease
  • Rent £10.500 per annum exc

Location

Keady is a busy village in Northern Ireland in County Armagh close to the border with the Republic of Ireland. It is positioned eight miles south of Armagh with convenient access to the city. The village comprises a mix of medium density residential dwellings with a range of commercial uses.

The subject property is situated on the northern edge of Keady town centre fronting onto Kinelowen Street. The immediate locality comprises primarily of retail uses provided by local independent traders with a variety of service users.

Description

The subject property comprises a two/three storey mid-terrace property of traditional masonry construction under a pitched roof with a slate covering.

The property is set back from Kinelowen Street behind a paved front with steel railings with the main entrance located directly off. On the right-hand side of the entrance hall is a ground floor surgery with main reception area and patient waiting room. Directly off is a patient WC along with a staircase providing access to the lower ground and first floors.

There are three surgeries situated at first floor level to include a decontamination and staff room situated to the front elevation with the x-ray room to the left-hand side.

The rear return of the property comprises three storeys with the lower ground floor consisting of former residential accommodation providing for a kitchen, dining, living room, WC and two bedrooms, one of which is currently being used for the storage of patient records with the other smaller bedroom at first floor also being used for storage. A number of smaller ancillary rooms are also located off.

The property also benefits from a single garage with vehicular access to this being via an arched communal passageway between nos. 52 and 58 Kinelowen Street.

Internally the accommodation is finished with a mix of laminate timber flooring, emulsion painted woodchip papered walls, plastered and painted ceilings with surface mounted fluorescent strip lighting whilst the surgeries are finished with worktops with inset stainless-steel sinks and storage cabinets below.

Accommodation

Ground Floor: 547 sq ft (50.81 sq m)
First Floor: 621 sq ft (57.77 sq m)
Lower Ground: 672 sq ft (62.50 sq m)

Tenancy

The property will be sold with the benefit of a new 15 year lease at an initial passing rent of £10,500 per annum. The lease will have a tenant break option at the end of the 10th year and will be subject to 5 yearly rent reviews. Business unaffected.

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - E122.

Planning

Dental Surgery

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).

Land and Property Services Rates Assessment

Net Annual Value: £7,100
Rate in the £ for 2023/2024: £0.563

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Security Deposit

£10,000

Buyer's Administration Fee

£720

Maximum Reserve

£125,000

Vendors Solicitor

John Tougher, A & L Goodbody, 42-46 Fountain Street, Belfast, BT1 5B
028 9031 4466

Agreement Documents

Additional Documents

Related Documents

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