Details
Viewings
Addendum
Please note amendment to Contract for Sale at Special Condition 20.2. Please note additional document added "Albanne Management Agreement extension"
Property Summary
  • A substantial tourism/student accommodation and industrial investment.
  • Comprising 52 self contained 2 bedroom suites.
  • Benbulben suites extending to approximately 6,893 sq. m (74,200 sq. ft) in total.
  • Management agreement with Albanne (overholding).
  • 2017 turnover approximately €479,000.
  • Industrial unit extending to approximately 1,126 sq. m (12,130 sq. ft).
  • Let to the North Western Health Board.
  • Expiry 2012 (overholding).
  • Current rent reserved €63,000 per annum .*
Location
  • Sligo is the county town of Sligo with a population of some 19,000 people (as of the 2016 Census).
  • The town is situated on the north west coast approximately 139km north of Galway.
  • Transport links are provided by the national roads, N4 towards Dublin and N17 towards Galway. Rail services are provided from Sligo Rail Station, situated in the town centre.
  • The property is located 2km north of Sligo town just off the Clarion Road which provides access to both N16 and N15.
  • Surrounding occupiers include Sligo IT, Sligo College of Further Education and St. Columbas Hospital.
Description

Benbulben Suites:

The property comprises a part three/part four storey detached block of suites. The units are connected to The Clayton Hotel and were intended as overflow accommodation but ownership was separated from the hotel in 2010. The units are currently in use as tourism / student accommodation. The block is arranged to provide 52 self-contained two bedroom suites.

Internal specification includes:

  • Individual suites extend to approximately 32.5 sq. m (350 sq. ft).
  • Shared living rooms and kitchens.
  • Each suite has its own ensuite with bath and shower facilities.
  • All suites are easily accessible with two passenger lifts serving all floors.
  • Electric storage heating.

Industrial Building:

The property comprises a detached industrial unit, arranged to provide a mix of office and warehouse accommodation.

Total floor area extending to approximately 1,126 sq. m (12,130 sq.ft).

The specification includes:

  • Reinforced concrete floors.
  • Suspended strip fluorescent lighting.
  • Concrete block infill walls to half height.
  • Metal cladding to the upper elevations.
  • Loading access to the front and side via electric roller shutter doors.
  • Clear internal height approximately 5.5m.

Tenancy

Benbulben Suites - The entire block is currently managed by Albanne under a Management Agreement which expired in May 2018 and could be terminated by the incoming purchaser subject to 6 weeks notice. Financial summary available on request.

Industrial unit - The entire property is at present let to North Western Health Board for a term of 20 years from 01.04.1992 at a contractual rent of €63,000 per annum, exclusive of rates and VAT. * We are advised by the Vendor that the tenant is currently withholding rental payments.

VAT
Please refer to the legal documents.
BER No.

Available from BidX1

Energy Performance Indicator

149.59 kWh/m²/yr - 215.03 kWh/m²/yr



No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

BIDDING HAS CLOSED
Sold for €3,171,000
Bid History 72
Bidder Amount Date
Bidder 18494 €3,171,000 20/09/2018 09:50:24
Bidder 18920 €3,160,000 20/09/2018 09:50:09
Bidder 18494 €3,126,000 20/09/2018 09:49:54
Bidder 18920 €3,101,000 20/09/2018 09:49:33
Bidder 18494 €3,051,000 20/09/2018 09:49:19
Bidder 18920 €3,000,000 20/09/2018 09:48:53
Bidder 18494 €2,900,000 20/09/2018 09:48:30
Bidder 18920 €2,850,000 20/09/2018 09:48:15
Bidder 18494 €2,800,000 20/09/2018 09:47:50
Bidder 18920 €2,750,000 20/09/2018 09:47:33
Bidder 18494 €2,741,000 20/09/2018 09:47:29
Bidder 18920 €2,700,000 20/09/2018 09:47:00
Bidder 18494 €2,660,000 20/09/2018 09:46:57
Bidder 18920 €2,650,000 20/09/2018 09:46:42
Bidder 18494 €2,620,000 20/09/2018 09:46:33
Bidder 18920 €2,600,000 20/09/2018 09:46:17
Bidder 18494 €2,520,000 20/09/2018 09:46:01
Bidder 18920 €2,502,000 20/09/2018 09:45:43
Bidder 18494 €2,410,000 20/09/2018 09:45:29
Bidder 18920 €2,400,000 20/09/2018 09:45:19
Bidder 18494 €2,340,000 20/09/2018 09:45:13
Bidder 18920 €2,314,000 20/09/2018 09:44:56
Bidder 18494 €2,272,000 20/09/2018 09:44:51
Bidder 18920 €2,264,000 20/09/2018 09:44:23
Bidder 18494 €2,210,000 20/09/2018 09:44:12
Bidder 18920 €2,201,000 20/09/2018 09:44:01
Bidder 18494 €2,160,000 20/09/2018 09:43:55
Bidder 18920 €2,150,000 20/09/2018 09:43:38
Bidder 18907 €2,103,000 20/09/2018 09:43:11
Bidder 18920 €2,102,000 20/09/2018 09:43:11
Bidder 18907 €2,072,000 20/09/2018 09:43:09
Bidder 18494 €2,071,000 20/09/2018 09:43:09
Bidder 18907 €2,070,000 20/09/2018 09:43:09
Bidder 18494 €2,069,000 20/09/2018 09:43:09
Bidder 18907 €2,068,000 20/09/2018 09:43:09
Bidder 18494 €2,067,000 20/09/2018 09:43:08
Bidder 18907 €2,066,000 20/09/2018 09:43:08
Bidder 18494 €2,065,000 20/09/2018 09:43:08
Bidder 18907 €2,064,000 20/09/2018 09:43:08
Bidder 18494 €2,063,000 20/09/2018 09:43:08
Bidder 18907 €2,062,000 20/09/2018 09:43:08
Bidder 18494 €2,061,000 20/09/2018 09:43:08
Bidder 18907 €2,060,000 20/09/2018 09:43:08
Bidder 18494 €2,059,000 20/09/2018 09:43:07
Bidder 18907 €2,058,000 20/09/2018 09:43:07
Bidder 18494 €2,057,000 20/09/2018 09:43:07
Bidder 18907 €2,056,000 20/09/2018 09:43:07
Bidder 18494 €2,055,000 20/09/2018 09:43:07
Bidder 18907 €2,054,000 20/09/2018 09:43:07
Bidder 18494 €2,053,000 20/09/2018 09:42:43
Bidder 18920 €2,052,000 20/09/2018 09:42:43
Bidder 18494 €2,004,000 20/09/2018 09:42:38
Bidder 18907 €2,003,000 20/09/2018 09:42:38
Bidder 18494 €2,002,000 20/09/2018 09:42:34
Bidder 18920 €2,001,000 20/09/2018 09:42:04
Bidder 18537 €1,944,000 20/09/2018 09:41:45
Bidder 18494 €1,943,000 20/09/2018 09:41:45
Bidder 18537 €1,942,000 20/09/2018 09:41:23
Bidder 18907 €1,941,000 20/09/2018 09:41:23
Bidder 18537 €1,931,000 20/09/2018 09:40:48
Bidder 18494 €1,930,000 20/09/2018 09:40:48
Bidder 18537 €1,913,000 20/09/2018 09:39:41
Bidder 18477 €1,912,000 20/09/2018 09:39:41
Bidder 18537 €1,911,000 20/09/2018 09:38:00
Bidder 18494 €1,910,000 20/09/2018 09:38:00
Bidder 18537 €1,906,000 20/09/2018 09:36:45
Bidder 18494 €1,905,000 20/09/2018 09:36:45
Bidder 18537 €1,904,000 20/09/2018 09:31:26
Bidder 18477 €1,903,000 20/09/2018 09:30:08
Bidder 18920 €1,902,000 20/09/2018 09:26:33
Bidder 18494 €1,901,000 20/09/2018 09:26:26
Bidder 18907 €1,900,000 20/09/2018 08:46:33
Viewings & Registration Enquiries
BidX1 Support Team
info@bidx1.com
+353 (0)1 667 3388
Useful links
Property Enquiries
Gillian Earley
gillian.earley@bidx1.com
+353 (0)1 667 3388
Vendor Solicitor
Anthony Moloney
anthony@macsweeneylaw.com

Messrs MacSweeney & Co Solicitors

Tel: +353 (0)91 532532.

Enquire
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