Lot 44 6 Sarsfield Street, Clonmel, Co. Tipperary

Property Enquiries

Emma Byrne

emma.byrne@bidx1.com
+353 (0)1 566 8346
+353 (0) 87 707 6174

Viewing/ Registration Enquiries

BidX1 Support Team

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

Vendor Solicitor

Naomi OConnor

noconnor@obl.ie
0167874469
Description
Map
Viewings

Property Summary
  • A substantial restaurant and guest house investment.
  • Comprising a restaurant, function room and 9 bed room guest house.
  • Extending to approximately 427 sq. m (4,596 sq. ft), in total.
  • Let to an individual t/a Befani's.
  • Lease expiry 2026.
  • Town centre location.
  • Current rent reserved €72,800 per annum excl. of VAT.
  • Net initial yield 10.59%.
Location
  • Clonmel is the largest town in South Tipperary with a population of approximately 17,100 people (as of the 2016 Census).
  • The town is situated mid way between Waterford and Limerick, with Cork some 93km to the south.
  • The M8 motorway is situated approximately 17km to the west of the town, and provides access to both Dublin and Cork.
  • The property is situated on Sarsfield Street at it's junction with Bank Lane.
  • Surrounding occupiers include Elvery's, McDonalds and River Island.
Description

The property is arranged over basement, ground and three upper floors to provide a substantial restaurant and guest house building. Internally the property comprises a kitchen / storage and office at basement level, 100 seater restaurant at ground floor level together with a 9 bedroom guest house over first, second and third floors.

Total floor area extending to approximately 427 sq. m (4,596 sq. ft).

Tenancy

The entire property is at present let to an individual t/a Befani's for a term of 21 years from 2005 at a contractual rent of €72,800 per annum. The rent is exclusive of VAT and Rates.

VAT
Please refer to Legal Documents
BER
Number

800734121

Energy Performance Indicator

863.46 kWh/m²/yr 1.14


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 Emma about this property