Lot 188 Taste Of India, Main Street, Lavy Beg, Charlestown, Co. Mayo

Bidding Closed

SOLD FOR

€115,000

Property Enquiries

Richard Hoey

richard.hoey@bidx1.com
+353 (0)1 566 8370
+353 (0)85 804 8210

Viewing/ Registration Enquiries

BidX1 Support Team

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

Vendor Solicitor

Violet Sweeney

vsweeney@harrisonodowd.ie
061 416444
Description
Map
Viewings

Property Summary
  • A restaurant investment.
  • Comprising a ground floor restaurant together with storage on the first floor.
  • Extending to approximately 381 sq. m (4,101 sq. ft).
  • Let to an individual t/a Taste of India.
  • Lease expiry 2023.
  • Total current rent reserve €14,400 per annum.
  • Net initial yield 21.8%.
Location
  • Charlestown is a village in County Mayo.
  • The village is situated approximately 55km to the northeast of Westport and 17km to the northwest of Ballaghadreen.
  • Transport links in the area include local bus services and the N17, which in turn provides access to Sligo and Galway.
  • The property is situated on the western side of Market Square, at its junction with Chapel Street.
  • Surrounding occupiers include Life Pharmacy, Bank of Ireland and Spar.
Description

The property is arranged over ground and one upper floor to provide a mid terrace mixed use building. Internally the property comprises a ground floor restaurant, kitchen, toilet and storeroom together with storage accommodation on the first floor.

Tenancy

The entire property is at present let to an individual t/a Taste of India for a term of 5 years from 01.01.2019 at a contractual rent of €14,400 per annum.

The property is currently closed due to Covid-19. 

VAT
Please refer to Legal Documents
BER
Number

800707366

Energy Performance Indicator

717.18 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.


Contact Richard about this property