Lot 205 Unit 5, Quintins Way, Nenagh, Co. Tipperary, E45 X729

Bidding Closed

SOLD FOR

€280,000

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

Padraig Murray

pmurray@byrnewallace.com
012229993
Description
Map
Viewings

Property Summary
  • A retail investment.
  • Extending to approximately 81 sq. m (871 sq. ft).
  • Situated within a wider commercial development.
  • Let to Nenagh Specsavers Limited.
  • Guaranteed by Specsavers Optical Superstores Limited.
  • Lease expiry 2031.
  • Current rent reserved €26,500 per annum.
  • Net Initial Yield 10.71%.
Location
  • Nenagh is the county town and main administrative town for Tipperary North with a population of some 8,000 (as of the 2016 Census).
  • The town is located approximately 42km north east of Limerick City.
  • Transport links in the area include the N52 Road providing access to the M7 Motorway linking Nenagh to both Limerick City and Dublin City.
  • The property is situated on the eastern side of Pearse Street, with dual access from Abbey Street.
  • Surrounding occupiers include Easons, Supermacs, and Permanent TSB.
Description

The property is arranged over ground floor only to provide a retail unit. Internally the property comprises retail accommodation to the front together with two x office to the rear. The property forms part of Quintins Way Commercial Development.

Total floor area extending to approximately 81 sq. m (871 sq. ft).

All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.

Tenancy

The entire property is at present let to Nenagh Specsavers Limited (Guaranteed by Specsavers Optical Superstores Limited) for a term of 25 years from 01.03.2006 at a contractual rent of €26,500 per annum, exclusive of rates and VAT. 

VAT
Please refer to Legal Documents
BER
Number

800711640

Energy Performance Indicator

738.12 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 Emma about this property