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We work along with a firm of Chartered Valuations Surveyors who specialise in providing valuations and property advice for all major banks and building societies, solicitors, accountants, developers and builders, and private individuals.
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Maison Real Estate are pleased to offer for sale this mixed use investment opportunity comprising of 25 properties, three of which are commercial and twenty two residential, all located in the Moy village, Dungannon, Co. Tyrone. The portfolio is currently fully let and managed and produces an annual gross rent in excess of £130000pa.
For further information or to register interest please contact Jeremy Baird on 02887880080 or Jeremy@maisonni.com.
Portfolio in Full
All residential leases are run on a 12 monthly contract reviewed at the end of each lease period.
Moy, known locally as ‘The Moy’, is a village in County Tyrone, Northern Ireland and lies approximately 5.5 miles South East of Dungannon and adjacent to the smaller village of Charlemont. The River Blackwater runs to the east of Moy and separates the village from Charlemont, further to the East. The River Blackwater is also the boundary between County Tyrone and County Armagh. The 2011 Census recorded a Moy population of 2,129. Moy is located on the Main A29 Dungannon to Armagh Road. The village benefits from convenient access to the M1 Motorway, Dungannon, Armagh and Craigavon. Moy forms part of what was formerly known as Dungannon and South Tyrone Borough Council which had a population of 57,852 residents according to the 2011 Northern Ireland census. However, following local Council changes, Moy is now part of Mid Ulster Council which added Cookstown and Magherafelt District Council in merging with Dungannon and South Tyrone. This larger Council area now encompasses an estimated 120,096. Dungannon remains the primary service and retail centre in the region whilst Armagh is around 8 miles south east of Moy, Coalisland is approximately 3 miles distant and Cookstown around 14 miles distant. Moy’s settlement core is located around the historic Diamond, with a range of local shops and services including Co-Op Supermarket, Gordons Chemist, Petrol Filling Station with Convenience Store, Ryandale Inn (Hotel and Bar/Restaurant), Moy Regional Primary School and St Johns Primary School serving the village. In depth housing development has taken place to the south of Dungannon Road and, to a lesser extent to the north along Killyman Road.
The portfolio currently produces a gross aggregate income of £131,591.76. Of this income approximately 21% (£28,800) is derived from 3 no. commercial properties with the remaining 79% derived from 22 no. residential properties.
29, 31 and 33 Dungannon Street, Moy
The subject properties are situated on the Northern side of Dungannon Street, which leads into Moy village centre from the West and from Dungannon Town. The street is flanked by terraced buildings as well as a number of detached commercial units, most notably including a Co-Op Supermarket on the Southern street side. A Methodist Church Building lies directly opposite the subject. A number of the terraced buildings on the Northern side of the street have been converted from former residential use to small commercial units (e.g. bookmakers, hot food takeaway, offices).
Site Area: 0.04 hectares (0.09 acres)
The above site area is the total combined area of 29, 31 and 33 Dungannon Street.
These properties form a terraced row of three houses. The houses are of traditional mortar construction and two storeys in height however each has a unique painted render on the front, street facing wall. The external leaf to the rear of the houses has each been ‘whitewashed’. The houses are set under a pitched roof of natural slate covering and is intersected by a total of 5 no. red brick chimney stacks across the terraced row. Small gardens are contained to the rear of the houses with a stone wall perimeter of similar standard and specification.
Internally, 29 Dungannon Street is set over ground and first floor, with a single and central stairwell granting access to the first floor. At ground floor, configuration comprises an open plan kitchen dining area (which also leads to a rear door to garden), living room/lounge and bedroom. Upstairs there are 3 no. bedrooms and a bathroom.
20 Killyman Street, Moy
The subject is situated close to Moy village centre and on the Western side of Killyman Street which runs North from the village ‘square’. Killyman Street provides a mixture of small commercial units and terraced houses although the commercial units appear to be converted former housing stock in most cases. We note that a retail unit adjoins the subject to the South whilst a similar terraced house adjoins to the North. A Hair Salon lies directly opposite on Killyman Street. Further residential housing is situated north and on the streets which lie to both the western and eastern side of Killyman Street. The location of the subject in relation to the local area is highlighted by way of maps which are attached to the rear of this Property Schedule.
Site Area: 0.008 hectare (0.02 acre)
The subject is a mid-terrace townhouse of traditional mortar construction. The house is set under a pitched roof of natural slate and has a roughcast render to the external walls. A red brick chimney stack intersects the roof at its most Southerly point. A small concrete patio area is contained to the rear of the main structure and a separate small ‘boiler house’ is situated to the rear of same. Fenestration comprises double glazed with u.P.V.C frame in all but the kitchen window, which is single glazed and timber frame.
9, 9a, 9b, 9c, 9d Killyman Street, Moy
The subject properties are situated close to Moy village centre and on the Eastern side of Killyman Street which runs North from the village ‘square’. Killyman Street provides a mixture of small commercial units and terraced houses although the commercial units appear to be converted former housing stock in most cases. We note that a commercial unit adjoins the subject to the south whilst. 'Chapter V' Restaurant lies further to the South. An apartment block (also forming part of the larger subject portfolio) adjoins to the North. Further residential housing is situated North and on the streets which lie to both the Western and Eastern side of Killyman Street.
Site Area: 0.004 hectare (0.01 acre)
The subject comprises a terraced building set over three and a half storeys (including basement and attic level). The building has the appearance of a two storey building with the street facing elevation. Overall, the property is of traditional mortar construction with a roughcast and painted render elevational treatment. The building has been extended to the rear and is set over two separate pitched roof structures with a natural slate finish. Fenestration comprises Georgian style, sliding sash windows to both the Eastern and Western elevations. The property incorporates a retail unit at ground floor with glazed shop front as well as 4 no. residential apartments (1 no. at basement, 1 no. ground floor, 1 no. first floor and 1 no. at attic level). Internally the retail commercial unit is of an attractive specification, particularly suited to its current use as a childrens fashion outlet. A dedicated doorway grants access to the apartments. The entrance way is an attractive timber frame door with glazing above as well as a curved concrete arch over. Concrete steps with metal hand railings lead from the street level to the front door. Internally, the retail unit comprises standard shop fittings. A storage area with W.C is situated to the rear of the main shop floor. A storage area with W.C is situated to the rear of the main shop floor. The residential units are accessed off a communal hallway and stairwell. The communal areas are carpeted with wallpaper finish to the walls and ceiling hung pendant lighting. As noted within the accommodation section below, each flat occupies a separate floor from basement up to attic level. Access to basement flat is via the central stairwell (internally) or via the external storage yard to the rear of the retail unit. In general, the apartments are of basic specification.
11, 11a and 13 Killyman Street, Moy
The subject is situated close to Moy village centre and on the Eastern side of Killyman Street which runs North from the village ‘square’. Killyman Street provides a mixture of small commercial units and terraced houses although the commercial units appear to be converted former housing stock in most cases. We note that a retail unit and upper floor apartments adjoin the subject to the South whilst terraced commercial building adjoins to the North. Further residential housing is situated North and on the streets which lie to both the Western and Eastern side of Killyman Street.
Site Area: 0.08 hectare (0.20 acre)
The subject comprises a mid-terrace two storey building incorporating 2 no. separate apartment dwellings as well as a pre-fabricated (ground floor) apartment set within a concrete yard to the rear of the main building. The yard can be accessed via an alleyway (which also forms part of the subject) underneath 11/11A Killyman Street. We understand the yard also provides car parking provision for the residents of 9 Killyman Street and from inspection there appears to be use of the yard in part by a neighbouring leisure operator. The main building (11/11A Killyman Street) is of traditional mortar construction. The building is set under a pitched roof of natural slate and has a roughcast render to the external walls. Fenestration comprises Georgian style sliding sash windows. A single access point for both 11 and 11A Killyman Street is offered via a large timber door to the Western elevation. The separate ‘Pre-Fabricated’ apartment to the rear is of timber frame construction however has been built onto concrete foundations and benefits from a slate covered pitched roof. The timber elevations have been covered with a stippled effect layer. A P.V.C door gives access to the internal elements of the building whilst fenestration comprises anodised aluminium frame windows. The concrete yard which forms part of the subject is relatively flat in topography however slopes marginally from West to East. The most Eastern portion of the site comprises a grass area.
12, 12a, 14, 14a and 14b Charlemont Street, Moy
The subject is situated close to Moy village centre and on the Northern side of Charlemont Street, close to its junction with Killyman Street and The Diamond. Charlemont Street comprises a myriad of local retailers, interspersed with ‘above the shop’ apartments and terrace housing. Charlemont Street would be considered amongst the main prime locations for commercial uses in the village given its prominence and setting close to The Diamond. The streetscape slopes from West to East. The subject lies between terrace housing to the North West and a commercial unit to the South East. Notable occupiers in the immediate vicinity include a local Hot Food Chinese Takeaway and McKeever's Chemist. The location of the subject in relation to the local area is highlighted by way of maps which are attached to the rear of this Property Schedule.
Site Area: 0.008 hectare (0.02 acre)
The subject comprises 2 no. adjoining terraced buildings with a mixture of apartments and retail use. In particular 12 / 12a Charlemont Street incorporates 2 no. apartment dwellings (1 no. at ground floor and 1 no0 at first floor) whilst 14/14A/14B comprises commercial use with hot food takeaway at ground floor and two apartments to the first floor. We have described the buildings separately and in more detail below:-
12 / 12A Charlemont Street
A traditional built structure of two storeys and mortar construction, this end terrace property is set under a pitched natural slate roof which is intersected at each end by red brick chimney stacks. The property has been finished with a roughcast and painted render. Access to the property is taken from the Southern elevation (street front) and via concrete steps leading up to a timber entrance door. Georgian sliding sash windows provide fenestration to the front of the building whilst more modern double glazed u.P.V.C windows are contained within the rear elevation. Access to a small rear patio area can be taken via a side laneway to the North which also appears to service the neighbouring properties. Internally this property incorporates 2 no. separate 1 bedroom apartment dwellings. A stairwell leads to the first floor apartment whilst the ground floor apartment can be accessed via a door to the rear. The apartments are generally of similar specification with a mixture laminate/vinyl/ tiled floors (to kitchen and bathroom) and carpet covering (to lounge and bedroom). Ceilings / walls are plastered and painted, although some are covered with wallpaper and both kitchen and bathroom walls are tiled. There are fitted wardrobes to the bedroom of 12A Charlemont Street. Bathrooms have 3 piece white suites including toilet and sink basins and shower (cubicle at ground floor and over bath at first floor). The kitchens have basic appliances including electric oven/hob, under unit fridge and washing machine.
14 / 14A / 14B Charlemont Street
This mid terrace building lies directly to the West of 12 Charlemont Street and adjoins same. The property is also of two storey height however given the sloping nature of Charlemont Street, this building sits below 12 Charlemont Street in terms of the general streetscape. This building is again of traditional construction with sliding sash windows at upper floor level and a pitched slate roof structure over. A hot food takeaway unit makes up the ground floor of this building and this section benefits from a glazed frontage with timber surround. A separate entrance and internal stairwell leads to the upper floor where both a two bedroom and 1 bedroom apartment can be reached. Internally, the ground floor commercial unit is very much fitted out for its current use and operation as a hot food takeaway business. Typical finishes include tile covered flooring. The rear of the unit comprises a kitchen/prep area and is completed with food grade wall covering and a large fitted commercial freezer. The upper floor includes a duplex two bedroom apartment (first floor and attic levels). Finally, the one bedroom apartment at first floor level. The specification of same includes a mixture of laminate/vinyl floors (to kitchen and bathroom) and carpet covering (to lounge and bedroom). Ceilings / walls are plastered and painted, although the lounge area is covered with wallpaper. Kitchen and bathroom walls benefit from a level of tiling. The bathroom again has a basic 3 piece white suite (shower cubicle) and the kitchen has electric oven/hob with washing machine and fridge. Overall the subject property has no ‘off street’ parking although on street spaces are available.
17 Charlemont Street, Moy
The subject is situated close to Moy village centre and on the Southern side of Charlemont Street, close to its junction with Killyman Street and The Diamond. Charlemont Street comprises a myriad of local retailers, interspersed with ‘above the shop’ apartments and terrace housing. Charlemont Street would be considered amongst the prime locations for commercial uses in the village given its prominence and setting close to The Diamond. The streetscape slopes from West to East and we note that the subject retail unit is particularly prominent as a terraced unit between a terraced residential unit to the South-East and a commercial unit to the North-West. Notable occupiers in the immediate vicinity include a local Hot Food Takeaway, and McKeever's Chemist.
Site Area: 0.024 hectare (0.06 acre)
The subject comprises a terraced ground floor retail unit which forms part of a larger two storey building which incorporates apartment dwellings above. The larger building of which the subject forms part is of traditional masonry construction and is set under a pitched slate roof intersected by a red brick chimney stack at its Eastern end. The building has a painted render covering its Northern elevation and this street facing wall includes shop signage above ground floor. The ground floor retail unit benefits from an attractive 7.75m wide frontage which is fully glazed. An access door is set back from the main display windows. Internally the unit is of an attractive specification, particularly suited to its current use as a fashion outlet. Typical finishes include timber effect vinyl laminate floor covering, suspended ceiling with recessed halogen bulbs and plastered/painted walls as well as wallpaper covering. Much of the internal area comprises the tenant’s own fit out including display units and wall fixed clothes hangers. The internal area includes both a main sales area as well as a rear storage area which also leads to a rear yard. The yard is concrete surfaced however is severely dilapidated and also includes a small two storey derelict building.
19A-19G Charlemont Street, Moy
The subject is situated close to Moy village centre and on the Southern side of Charlemont Street, close to its junction with Killyman Street and The Diamond. Charlemont Street comprises a myriad of local retailers, interspersed with ‘above the shop’ apartments and terraced housing. Charlemont Street would be considered amongst the prime locations for commercial uses in the village given its prominence and setting close to The Diamond. The streetscape slopes from West to East and we note that the subject retail unit is particularly prominent as a terraced unit between a terraced residential unit to the south-east and a commercial unit to the north-west. Notable occupiers in the immediate vicinity include a local Hot Food Takeaway and Gordon’s Chemist.
Site Area: 0.016 hectare (0.04 acre)
The subject comprises a terraced three storey (including basement) building with two storey rear extension and is of traditional mortar construction under a pitched slate roof. The external walls have been covered with a roughcast painted render. Access is taken both at ground floor level on Charlemont Street and at basement level from a communal yard to the rear. The building encompasses 7 no. apartment dwellings of differing sizes and layout – both one bedroom and two bedroom accommodations. The rear yard area is accessed via an underpass through the adjoining building to the south east.
*please note current tenancies are unaffected by the sale