Site at Carrowgobbadh, Carraroe, Co. Sligo
-
Auction
- Lot 217
- Ireland
- Land/Site
- Commercial
Sold for €610,000
Property Summary
- Substantial investment opportunity.
- Extending to approximately 0.60 hectares (1.5 acres).
- Let to RSA Driving Test Centre / Commissioner of Public Works.
- Lease expiry 2023.
- Contractual rent €48,000 per annum*.
- Net Initial Yield 9.09%.
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Property description
The property is arranged to provide a regular shaped site. The property is comprised within part Folio SL1825F and part Folio SL15414F. The property is situated on the Old Dublin Road approximately 6 km south of Sligo town. Surrounding occupiers include NCT Centre, Burns Car Sales and Pronav Clinical. For avoidance of doubt the prefabricated unit on site is not included in the sale.
Total site area extending to approximately 0.60 hectares (1.5 acres).
Tenancy
The entire property is at present let to RSA Driving Test Centre for a term of 20 years from 21.11.2003 at a contractual rent of €48,000 per annum, inclusive of VAT. The lease provides for rent reviews every fifth year.
*‘We have been informed by the Vendor that they are currently not in receipt of rental payments until formal sign off is received by the Governing body. Please refer to legal documents for further information.
VAT
BER Rating
BER Details
We have been informed by the vendor that this property is BER exempt.
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*Terms & Conditions
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.
