Lot 12 Property t/a Supermacs, Main Street, Spiddal, Co. Galway, H91 N9K5

Bidding Closed

SOLD FOR

€231,000

Property Enquiries

Robert Hefferon

robert.hefferon@bidx1.com
+353 (0)1 667 3388
+353 (0)87 799 0435

Viewing/ Registration Enquiries

BidX1 Support Team

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

Vendor Solicitor

Paul Lilly

plilly@osmpartners.ie
+353 (0)1 691 5900
Description
Map
Viewings

Property Summary
  • A restaurant investment
  • Comprising ground floor family restaurant and overhead storage and office facilities.
  • Extending to approximately 200 sqm (2,152 sq ft)
  • Let to Petra Fast Foods Ltd t/a Supermac's
  • Lease expiry 2033
  • Total current rent reserved €20,000 per annum 
  • Net Initial Yield 8.08%
Location
  • Spiddal is a town in County Galway.
  • The town is situated approximately 18km west of Galway city centre and approximately 75km south east of Clifden.
  • Transport links in the area include the R336 regional road providing access to Galway city and the N59 which provides access west to Clifden. The M6 motorway provides access to Dublin from Galway.
  • The subject property is situated on the western edge of Main Street.
  • Surrounding occupiers include Spar, AIB and Walsh's Pharmacy
Description

The property is arranged to provide a mid terraced commercial building. Internally, the property comprises a ground floor family restaurant together with overhead storage and office facilities.

 Total floor area extending to approximately 200 sqm (2,152 sq ft).  

Tenancy

The entire property is at present let to Petra Fast Foods Limited for a term of 15 years from 30.01.2018 at a contractual rent of €20,000 per annum for the first five years of the lease. The contractual rent is increased to €22,500 per annum for the remaining 10 years of the lease thereafter. 

VAT
Please refer to Legal Documents
BER
Number

800763575

Energy Performance Indicator

166.38 kgCO2 /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 Robert about this property