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Home     Property  Armagh    ATM Location, Lonsdale Road, Armagh,
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ATM Location, Lonsdale Road, Armagh,
Armagh
Price on Request
Property ID: 92096
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INVESTMENT FOR SALE,  ATM Location,  Lonsdale Court,  Armagh,   Freehold with 7 years remaining on a 15 year lease lease from The Bank of Ireland.

Lease dated from 12 March 2002. Net Income for each of last 15 years £4,000.

   All Service charges are covered by neighbouring retail units. Very busy location between Off License        and Extravision.Free parking directly beside the cash machine. Secure well-lit unit.


SCHEDULE OF RENT PAYABLE FOR EACH OF PREVIOUS 5 YEARS
Year                    Rent                        Transactions/            Additional               Total 
                                                                  Month                          Rent
2003/2004       £1,000                            4,800                        £2,000             £3,000
2004/2005       £1,000                            5,100                        £3,000             £4,000
2005/2006       £1,000                            5,535                        £3,000             £4,000
2006/2007       £1,000                            5,511                        £3,000             £4,000
2007/2008       £1,000                            5,235                        £3,000             £4,000 2008/2009       £1,000                            5,700                        £3,000             £4,000

When average transactions exceed 5,999 the rent increases by a net £1,000.

                                                    
The ATM has a consistent trading record and is regarded highly by the current Tenant.
Full copies of the Lease are available for inspection by interested parties.
The Rent is payable quarterly in advance on 1st February, 1st May, 1st, August and 1st October.
The Additional Rent is payable on 12th March each year.Institutional lease to High Street Bank. Excellent investment with good yield and long term potential .


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