Lot 194 51 O Connell Street, Sligo, Co. Sligo

Property Enquiries

Daniel Larkin

daniel.larkin@bidx1.com
+353 (0)1 566 8381
+353 (0)87 707 4689

Viewing/ Registration Enquiries

BidX1 Support Team

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

Vendor Solicitor

Naomi OConnor

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

Addendum
Please be advised in the Contract for Sale, the following amendments have been made; a) To the Particulars and Tenure and Special Condition 21 b) The exclusion of Special Condition 5 Please also note that the property is to now be sold with vacant possession. All previous reference to a tenancy should be disregarded.
Property Summary
  • A retail investment.
  • Comprising a ground floor retail unit together with storage overhead.
  • Extending to approximately 117 sq. m (1,259 sq. ft).
  • Prominent retail location.
  • Let to an individual t/a Photofast.
  • Informal tenancy. 
  • Current rent reserved €24,000 per annum.
  • Net initial yield 12.8%.
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 situated on the western side of O'Connell Street, close to its intersection with Grattan Street.
  • Surrounding occupiers include Wards Pharmacy, EBS and Penny's.
Description

 The property is arranged to provide a mid terrace retail unit. Internally the property comprises a ground floor retail unit together with storage accommodation overhead.

Total floor area extending to approximately 117sq. m  (1,259sq. ft).

Tenancy

The entire property is at present let to an individual t/a Photofast under an informal tenancy at a rent of €24,000 per annum.

VAT
Please refer to Legal Documents
BER
Number

800735813

Energy Performance Indicator

752.68 kWh/m²/yr 2.38


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.


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