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Addendum
Please note that Special Condition 4 of the Contract for Sale has been amended.
Property Summary
  • Town centre mixed use investment.
  • Comprising 15 x apartments, 3 x retail units, 1 x office units and 370 car parking spaces.
  • Extending to approximately 1,238 sq. m (13,327 sq. ft). *Excluding car park.
  • 10 x apartments let under residential tenancies.
  • Lease expiry 2018.
  • Car park occupied under an informal tenancy with NCPS.
  • Telephone Mast Licence Agreement let to Hutchinson 3G Ireland Limited.
  • Total current rent reserved €82,260 per annum with VP of 5 x apartments, 3 x retail units and 1 x office unit.
Location
  • The county town of Carlow has a population of approximately 24,000 people (as of the 2016 Census).
  • The town is situated approximately 37km to the north east of Kilkenny and approximately 86km south west of Dublin.
  • Transport links in the area include the M9 Motorway with junction 5 situated approximately 6km to the south east accessed via the N80.
  • The property is situated on Dublin Street, close to its junction with Tullow Street.
  • Surrounding landmarks include Fairgreen Shopping Centre and Carlow Shopping Centre.
Description

The property is arranged over ground and three upper floors to provide a mixed use development. Internally the property comprises 15 x apartments, 3 x retail units, 1 x office unit together with a five storey (370 space) multi storey car park. The property forms part of a wider mixed use development.

VAT
Please refer to the legal documents.
Accommodation & Tenancies
No Present Lessee Accommodation Sq.m (Sq.Ft) Lease Terms Current Rent Reserved € p.a.
    Total 1,238 sq. m (13,327 sq. ft)   €82,260 p.a.
1 An individual 2 Bed Apartment 74 sq. m (797 sq. ft) Residential tenancy €9,840 p.a.
2 Vacant 2 Bed Apartment 61 sq. m (657 sq. ft) - -.
3 Vacant 2 Bed Apartment 61 sq. m (657 sq. ft) - -
4 An individual 2 Bed Apartment 62 sq. m (667 sq. ft) Residential tenancy €9,600 p.a.
5 An individual 1 Bed Apartment 48 sq. m (517 sq. ft) Residential tenancy €8,400 p.a.
6 An individual 2 Bed Apartment 75 sq. m (807 sq. ft) Residential tenancy €6,600 p.a.
7 An individual 2 Bed Apartment 61 sq. m (657 sq. ft) - -
8 An individual 2 Bed Apartment 60 sq. m (646 sq. ft) Residential tenancy -
9 An individual 2 Bed Apartment 62 sq. m (667 sq. ft) Residential tenancy €7,800 p.a.
10 An individual 1 Bed Apartment 48 sq. m (517 sq. ft) Residential tenancy €7,920 p.a.
11 An individual 2 Bed Apartment 72 sq. m (775 sq. ft) Residential tenancy €6,600 p.a.
12 An individual 2 Bed Apartment 57 sq. m (614 sq. ft) Residential tenancy €7,500 p.a.
13 An individual 2 Bed Apartment 56 sq. m (603 sq. ft) Residential tenancy €9,000 p.a.
14 Vacant 2 Bed Apartment 46 sq. m (495 sq. ft) - -
15 An individual 1 Bed Apartment 80 sq. m (861 sq. ft)   -
1 Vacant Retail 108 sq. m (1,163 sq. ft)

 

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2 Vacant Retail 108 sq. m (1,163 sq. ft) - -
3 Vacant Retail 99 sq. m (1,066 sq. ft) - -
4 Vacant Office N/A N/A - -
1 An individual Multi Storey Car Park N/A N/A Informal tenancy -
1 Hutchinson 3G Ireland Limited Telephone Mast N/A N/A Licence Agreement €9,000 p.a.

 

BER No.

Available from BidX1

Energy Performance Indicator

31.74-252.06kWh/m²/yr



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Thomas O'Dowd
thomas.odowd@bidx1.com
+353 (0)1 667 3388
Vendor Solicitor
Naomi O'Connor
noconnor@obrienlynam.ie

Messrs O'Brien Lynam Solicitors

Tel: +353 (0)1 678 7446.

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