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Lot

190

Bank of Ireland, Castle Street Lower, Roscrea, Co. Tipperary

Property Enquiries

Gillian Earley

gillian.earley@bidx1.com
+353 (0)1 667 3388

Property Enquiries

Anna-Kate Fields

anna-kate.fields@bidx1.com
+353 (0)1 667 3388

Viewings/Registration Enquiries

BidX1 Support Team

info@ie.bidx1.com
+353 (0) 1 667 3388

Vendor Solicitor

Aoife Fitzpatrick

afitzpatrick@efc.ie
+353 (0)1 202 6400

Description

Map

Viewings


Property Summary
  • A bank investment.
  • Comprising a ground floor retail banking hall with offices overhead.
  • Extending to approximately 438 sq. m (4,715 sq. ft).
  • Let to Governor & Company of the Bank of Ireland.
  • Lease expiry 2032.
  • Current rent reserved €100,575 per annum.
Location
  • Roscrea is a town in north Tipperary with a population of some 5,000 people (as of the 2011 Census).
  • The town is situated approximately 48km south west of Portlaoise and approximately 72km north east of Limerick.
  • Transport links include the N62 providing direct access onto the M7 Motorway.
  • The property is situated on the northern side of Castle Street close to the intersection with the Rosemount and Church Street.
  • Surrounding properties include Francis Loughnane, Damer Court Hotel and Harrington Bookmakers.
Description

The property is arranged over ground and part first floor to provide a retail banking branch. Internally the property provides a ground floor banking hall and offices together with staff canteen, storage and office accommodation at first floor level. The property benefits from a yard to the rear facilitating staff parking.

Total floor area extending to approximately 438 sq. m (4,715 sq. ft).

Tenancy

The entire property is at present let to the Governor & Company of the Bank of Ireland for a term of 25 years from 2007 at a current rent of €100,575 per annum. The lease provides for upward only rent reviews every fifth year and contains full repairing and insuring covenants. The previous break option in 2022 has been purchased and the tenancy now extends to 2032.

VAT
Please refer to the legal documents.
BER Details

We have been informed by the vendor that this property is BER exempt.

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.