Investment Property, Main Street
Yearly : €185,000
Property Ref: 3932469 Type : Investment Property
Status: For Sale
Address : Investment Property, Main Street
Description : REA Spratt offer for sale this investment opportunity in the heart of Kilmacthomas Village. The property is being sold with the benefit of a commercial lease incorporating part of the ground floor. The tenants are Harcourt Bookmakers and the confirmed rent passing shall be €12,000 per annum on IRI (Internal Repair and Insure Lease). The total floor area of the building provides for 316sq.m. The let area (Harcourt Bookmakers) extends to 72.5sq.m. This provides for an additional undeveloped area at ground floor of 85.5sq.m and a further 158sq.m at first floor level.
The undeveloped section part of this building could suit for a multitude of uses (subject to planning).
Features : - Excellent trading stand in the heart of Kilmacthomas Village having a number of established businesses all in the same location.
- Located close to the recently opened Waterford Greenway adding significantly to the passing traffic on the street.
- Excellent rental convent for the rent term with rent review provision after 5 years.
- Opportunity for further development both at ground and first floor.
Furnished : No
Directions : Proceed into Kilmacthomas from Dungarvan Town, on entering Main Street, property 50m on right hand side.
Viewing : Viewing strictly by Sole Agents, REA Spratt.