Lot 210 26 & 28 Upper Main Street, Letterkenny, Co. Donegal, F92 HR3R

Property Enquiries

Klara Schuster

klara.schuster@bidx1.com
+35316673388

Viewing Registration / Enquiries

BidX1 Support Team

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

Vendor Solicitor

Naomi O'Connor

noconnor@obl.ie
+353 (0)1 678 7446
Description
Map
Viewings

Property Summary
  • A town centre mixed use investment.
  • Comprising 2 x retail units, 2 x office units, and 4 x apartments.
  • Extending to approximately 700 sq. m (7,535 sq. ft).
  • Ground and first floor of No. 26 let to A.S. Watson (Health and Beauty Ireland) Limited t/a Superdrug.
  • Lease expiry 2022.
  • Ground floor of No. 28 let to an individual t/a Stevens Jewellers.
  • Informal tenancy.
  • Total current rent reserved €60,400 per annum with vacant possession of 1 x office unit and 3 x apartments.
  • Net Initial Yield 9.23%
Location
  • Letterkenny is the largest town in Co. Donegal with a population of some 19,500 people (as of the 2016 Census).
  • The town is situated close to the border with Northern Ireland, approximately 48km north east of Donegal town centre.
  • Letterkenny is connected to Donegal Town and Derry via the N13 national secondary route.
  • The property is situated on the western side of Upper Main Street.
  • Surrounding occupiers include Lifestyle Sports, Easons, and Gamestop.
Description

The property is arranged over ground and two upper floors to provide a mid terrace mixed use building. Internally the property comprises 2 x ground floor retail units, 2 x first floor office units, together with 4 x residential apartments.

VAT
Please refer to Legal Documents
Property Table

 

NoPresent LesseeAccommodationLease TermsCurrent Rent Reserved € p.a.
  Total €60,400 p.a.
26 GroundNo. 26 let to A.S. Watson (Health and Beauty Ireland) Limited t/a SuperdrugRetail 

5 years from 01.01.2017

IRI terms

Break options at the end of year 1 and 3, subject to 1 months notice.

€50,000 p.a.

26 First

As aboveOfficeAs aboveAs above
26 SecondVacantApartment--
26 SecondVacantApartment--
28 GroundAn individual t/a Stevens JewellersRetailInformal tenancy€10,400 p.a.
28 FirstVacantOffice--
28 SecondVacantApartment--
28 SecondVacantApartment--

 

 

 

BER
Number

Available From Bidx1

Energy Performance Indicator

393.95 kWh/m²/yr0.69 - 424.55 kWh/m²/yr


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