All residential units are let on individual private tenancies.
The commercial units are let on the following terms:
- Unit 1 - 10 year lease to hair and beauty salon from 1st Nov. 2018 with three yearly rent reviews and a tenant break option at the end of year 5.
- Unit 2 - 10 year lease to restaurant operator from 1st July 2019 with three yearly rent reviews and a mutual break option at the end of year 5.
- Unit 3 & 4 - 10 year lease to Sunbeam House from 1st April 2017 with five yearly rent reviews.
Tenancy and Accommodation Schedule:
Apt No | Beds | Size in Sq Ft | Rent p/m | Rent p. a. |
---|---|---|---|---|
No 1 | 2 | 1,065 | €1,194 | €14,328 |
No 2 | 2 | 1,065 | €1,242 | €14,904 |
No 3 | 2 | 980 | €1,300 | €15,600 |
No 4 | 2 | 980 | €1,200 | €14,400 |
No 5 | 2 | 830 | €1,194 | €14,328 |
No 6 | 2 | 830 | €1,179 | €14,148 |
No 7 | 2 | 1,190 | €1,194 | €14,328 |
No 8 | 2 | 1,190 | €1,300 | €15,600 |
8 x Apt | 8,130 | €9,803 | €117,636 | |
Retail Unit No | Use | Size in Sq Ft | Rent p/m | Rent p. a. |
Unit 1 | Service Retail | 900 | €965 | €11,580 |
Unit 2 | F&B | 1,250 | €1,300 | €15,600 |
Unit 3 & 4 | Service Retail | 2,600 | €2,650 | €31,800 |
4 Retail Units | 4,750 | €4,915 | €58,980 | |
Total | 12,880 | €14,515 | €176,616 |