*Tenant Unaffected* Investment Property - Prime Retail Premises, ideally located on Waterford’s busiest shopping thoroughfare in the heart of Waterford City. The property is let to a convenience store operator, who has been granted an additional 4 year 9 month ease from August 2022 for €25,000 p.a. exclusive. The premises is ideally located adjacent to a number of high profile retail outlets such as H.Samuel’s, Mountain Warehouse, Claire’s Accessories, and Elvery’s Inter Sport to name but a few. The property is also located at the junction between Patrick St. and Arundel Square via Peter St. where Dunnes Stores and City Square Shopping centre are located. The property comprises of a main retail shop area of c. 55 Sqm with ground floor stores to the rear of c. 22.19 giving a total ground floor area of c.77 Sqm or c. 830 sq.ft. The upper floors are all in use as stores, with the exception of the third floor which is not in use. The total internal area of the building extends to c. 183 Sqm. / c.1,970 sq.ft. The property has been well maintained and was substantially refurbished in 1990, with the later addition of a new shop front in 2012. All windows are double glazed PVC.
The property is located on Broad St. in Waterford City just off the junction between Patrick St. and Peter St. The property is in an excellent primary retail location with excellent footfall.
Tenant: Get & Go
Commencement date: August 2022
Term: 4 years 9 months
Passing Rent: € 25,000 P.A.
Excellent location in superb primary retail location
Fully let generating 8.5% yield
Substantially renovated in 1990
Ample stores and staff areas on upper floors
City Council Rates €6,098.19 for 2023 calendar year
ASKING PRICE €295,000 Exclusive
FOR FURTHER INFORMATION AND VEIWING DETAILS PLEASE CONTACT
DNG REID & COPPINGER ON 051-852233