Lot 230 Creche at Spencer Manor, Castlebar, Co. Mayo, F23 HX79

Bidding Closed

SOLD FOR

€120,000

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

Michelle Cahill

mcahill@mhc.ie
+353 1 614 5000
Description
Map
Viewings

Addendum
Please be advised of the amendment of Document No. 16 to the Document Schedule in the Contract for Sale
Property Summary
  • A creche investment.
  • Comprising a detached creche building.
  • Extending to approximately 147 sq. m (1,582 sq. ft).
  • Set within a residential development.
  • Let to Junior's Childcare Limited.
  • Lease expiry 2038.
  • Current rent reserved €10,000 per annum.
  • 7.57% NIY with reversionary potential at rent review in 2022.
Location
  • Castlebar is the county town of Mayo with a population of some 12,000 (as of the 2016 Census).
  • The town is situated approximately 40km south of Ballina and approximately 17km east of Westport.
  • Transport links in the area include the N5, N60 and N84 passing through the town, together with Castlebar Rail Station.
  • The property is situated in Spencer Manor on the southern side of Castlebar town whcih is accessed just off the N5 national road.
  • Surrounding occupiers include Lidl, Insomnia and Bagel Factory.
Description

The property is arranged over ground floor only to provide a detached creche building. The property benefits from a side and rear garden with play areas. The building is situated within an established residential development.

Total floor area extending to approximately 147 sq. m (1,582 sq. ft).

Tenancy

The entire property is at present let to Junior's Childcare Limited for a term of 20 years from 1 July 2018 at a current rent of €10,000 per annum. The lease is subject to 5 yearly rent reviews with the next review in July 2022. 

VAT
Please refer to Legal Documents
BER
Number

800667990

Energy Performance Indicator

98.59 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