Lot 217 40 Abbey Street/1 Upper Georges Street, Wexford Town, Co. Wexford, Y35 D2Y5

Bidding Closed

SOLD FOR

€475,000

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

Paul Kelly

paul@paulkellysolicitors.com
00353579321875
Description
Map
Viewings

Property Summary
  • A mixed use investment opportunity. 
  • Comprising ground floor retail unit with 5 x one bedroom units and 1 x two bedroom units overhead. 
  • Extending to approximately 268 sq. m (2,884 sq. ft) in total.
  • Retail unit let to an individual t/a Abbey Street Pharmacy.
  • Lease expiry December 2029.
  • 6 x residential units occupied.
  • Total current rent reserved €57,000 per annum.
  • Net Initial Yield 10.91 %
  • In light of new Covid-19 restrictions, from 13.01.2021 viewings will not be facilitated until further notice.  Please email Richard Hoey in BidX1 with your contact details.
Location
  • The county town of Wexford has a population of some 20,000 people (as of the 2016 Census).
  • The town is situated approximately 60km east of Waterford and approximately 130km south of Dublin.
  • The N11/M11, and N25 are situated approximately 4km to the west providing access to Dublin and Waterford.
  • The subject property is situated on the corner of Abbey Street and Upper Georges street. 
  • Local occupiers inlcude Abbey House Bed and Breakfast, Permanent TSB and Clayton Whites Hotel. 
Description

The property is arranged over ground and two upper floors to provide an end of terrace mixed used building. Internally the  property comprises a ground floor pharmacy unit and 6 x apartments over three floors of accommodation. 

VAT
Please refer to Legal Documents
Property Table
DescriptionFloorAccommodationTenantSq. m(Sq. ft)Lease TermsCurrent Rent € p.a.
Retail UnitGroundRetailAn individual t/a 

Abbey Street Pharmacy. 

80 sq. m(861 sq. ft)

10 year from 01.12.2019

Rent review year 3, break option year 5.  

 

€15,000 p.a.
Apartment 1 Abbey St.1st Floor ResidentialAn individual 63 sq. m (678 sq. ft)Residential tenancy€9,000 p.a.
Apartment 2 Abbey St. Top floorResidentialAn individual27 sq. m(290 sq. ft)Residential tenancy €6,900 p.a.
Apartment 3 Abbey St. Top floorResidentialAn individual29 sq. m (312 sq. ft)Residential tenancy€6,900 p.a.
Apartment 1 Georges St. Ground floor Residential An individual23 sq. m. (247 sq. ft.) Residential tenancy€6,600 p.a.
Apartment 2 Georges St. 1st floor Residential An individual 23 sq. m. (247 sq. ft.)Residential tenancy€6,000 p.a.
Apartment 3 Georges St. Top Floor Residential An individual23 sq. m. (247 sq. ft.)Residential tenancy€6,600 p.a.
   Total 268 sq. m(2,884 sq. ft.) €57,000 p.a.
BER
Number

Available From Bidx1


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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