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| Address | 16 Abbey Street Armagh, BT61 7LB |
|---|---|
| Price | Offers over £170,000 |
| Style | Triplex Apartment |
| Bedrooms | 3 |
| Receptions | 3 |
| Bathrooms | 3 |
| Heating | Electric Heating |
| Status | For sale |
* This information does not contain all of the details you need to choose a mortgage. Make sure you read the key facts illustration provided with your mortgage offer before you make a decision.
16 Abbey Street, Armagh
Outstanding Investment Opportunity Comprising Three Self-Contained Apartments
A rare opportunity to acquire an established residential investment property in a superb city-centre location, comprising three self-contained one bedroom apartments, each currently let at £120 per week and collectively producing a gross rental income of approximately £18,720 per annum.
Breen Real Estate is delighted to present 16 Abbey Street, Armagh to the sales market, an exciting investment opportunity positioned right in the heart of the city.
Originally a townhouse, the property has been converted to provide three individual one bedroom apartments, creating an established multi-unit residential investment with three separate income producing units contained within one property. Recently upgraded with new double glazed windows to all apartments throughout the building.
Each apartment is entirely self-contained and provides its own fitted kitchen, living accommodation, double bedroom and private bathroom comprising a shower, WC and wash hand basin.
The property benefits from electric heating throughout, while the ground-floor apartment enjoys the additional advantage of direct access to a side garden area, providing valuable outdoor space.
Of particular interest to investors, all three apartments are currently rented at £120 per week each, providing a combined gross rental income of approximately £18,720 per annum.
With existing rental income, three individual apartments and an enviable position in the centre of Armagh, 16 Abbey Street represents a compelling opportunity for investors seeking an established residential asset in an exceptionally convenient location.
Properties offering this combination of multiple units, existing rental income and a central Armagh location rarely present themselves to the market.
Three Self-Contained Apartments
The property has been arranged across three individual apartments, each providing independent living, sleeping, kitchen and bathroom facilities.
This configuration gives purchasers the benefit of three separate rental units within one property, while each resident retains the privacy and convenience of their own self-contained accommodation.
Apartment One – Ground Floor
The ground floor apartment provides comfortable and practical one bedroom accommodation comprising:
The addition of the side garden area provides this apartment with valuable outdoor space and further enhances the appeal of the ground floor accommodation.
Apartment Two
The second apartment provides its own fully self-contained one bedroom accommodation comprising:
A straightforward and practical layout provides everything required for comfortable independent living within the heart of Armagh.
Apartment Three
Completing the property is a further self-contained one bedroom apartment comprising:
Together, the three apartments create a highly attractive proposition for purchasers seeking multiple rental income streams from a single investment property.
Established Rental Income
A significant attraction of 16 Abbey Street is that the property is already income producing, with all three apartments currently rented.
Each apartment presently achieves £120 per week, providing the following gross rental position:
Apartment One
£120 per week
Approximately £6,240 per annum
Apartment Two
£120 per week
Approximately £6,240 per annum
Apartment Three
£120 per week
Approximately £6,240 per annum
Combined Rental Income
£360 per week
Approximately £1,560 per calendar month equivalent
£18,720 Gross Rental Income Per Annum
For investors, this provides the considerable advantage of acquiring a property with an existing rental income stream across three separate units, subject to the existing tenancy arrangements.
A Prime Position in the Heart of Armagh
The location of 16 Abbey Street is undoubtedly one of the property's strongest attributes.
Situated right in the heart of Armagh, the property places its residents within immediate reach of the extensive range of amenities available throughout the city.
Shops, supermarkets, cafés, restaurants, public transport, educational facilities, employment and everyday services are all conveniently accessible, creating a location ideally suited to residential tenants.
For an investor, this level of convenience is particularly important. The property combines practical self-contained accommodation with a genuine city-centre position, strengthening its overall appeal as a long-term residential investment.
The central location also provides excellent accessibility to the wider road and public transport network, making travel throughout Armagh and beyond straightforward.
Investment Highlights & Additional Information
16 Abbey Street benefits from:
16 Abbey Street represents something increasingly difficult to find, an established multi-unit residential investment positioned directly within the heart of Armagh City.
Rather than acquiring a single residential property with one source of rental income, purchasers are acquiring three individual self-contained apartments, each with its own kitchen, living accommodation, double bedroom and private bathroom facilities.
All three apartments are currently rented at £120 per week, producing a combined gross rental income of approximately £18,720 per annum.
The ground-floor apartment further benefits from access to a side garden area, while electric heating throughout provides straightforward independent heating provision within the property.
For an established landlord looking to expand a portfolio, or an investor searching for a property capable of generating income across multiple units, the opportunity is immediately apparent.
Add to this an enviable position in the centre of Armagh, surrounded by the amenities and connectivity of the city, and 16 Abbey Street presents an investment proposition that deserves serious consideration.
Opportunities to acquire three established residential units within one property in such a central Armagh location rarely present themselves to the open market. Early interest is therefore strongly encouraged.
Enquire Today
For further information regarding the property, existing rental arrangements or to arrange a private viewing, please contact:
Breen Real Estate
028 3744 0949
cormac@breenrealestate.co.uk
All rental figures are provided for guidance based on the information available at the time of marketing. Prospective purchasers should satisfy themselves regarding existing tenancy arrangements, planning and statutory approvals, regulatory requirements, outgoings and rental income as part of their own due diligence.
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