Auction
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Commercial Units at Riverside Development, Main Street, Arklow, Co. Wicklow

  • Auction
  • Lot 76
  • Ireland
  • Mixed Use
  • Commercial

Sold for €807,000

Addendum

Please be advised that documents 17, 18 and 20 referred to in the Documents Schedule in the Contract for Sale have been included in the legal pack.

Property Summary

  • Online Auction Date: 30th June 2022
  • A substantial retail invesment.
  • Comprising two x ground floor retail units.
  • Extending to approximately 523 sq. m (5,679 sq. ft) in total. 
  • Retail unit 1 let to Sunbeam House Services Ltd. 
  • Lease expiry 2051.
  • Retail unit 2 let to Kstyle Hair Salon.
  • Informal agreement.
  • Total current rent reserved €106,600 per annum.
  • Net Initial Yield 13.69%. 

Contact Us

Ben McArdle
Ben McArdle
Property Agent, here to help.
Anthony Moloney
Vendor's Solicitor

Contact Us

Ben McArdle
Ben McArdle
Property Agent, here to help.
Anthony Moloney
Vendor's Solicitor

Downloads

Property description

The property is arranged over ground floor only to provide two x adjacent retail units. Internally retail unit 1 comprises reception area, meeting rooms, office space and classrooms. Retail unit 2 comprises open plan hair salon. The property forms part of a mixed use development over two upper floors with residential overhead. The property is located on Main Street. Surrounding occupiers include Apache Pizza, Bank of Ireland and Jay Kays Pub.

Total floor area extending to approximately 523 sq. m (5,679 sq. ft.)

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

Additional Details

DescriptionSq. m Sq. ft TenancyRent
Sunbeam House Services Ltd. 3784,068

35 years from 01.02.2016

Rent review in 2022 and 5 yearly rent reviews thereafter. 

€91,000 p.a
Kstyle Hair Salon1491603Informal tenancy €15,600 p.a 
Total 5275672 €106,600 p.a

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

VAT

Please refer to Legal Documents

BER Rating

C2 - G

BER Identification Number

Available From Bidx1

Energy Performance Indicator

330.68 kWh/m²/yr 1.32 - 1147.25 kWh/m²/yr 3.06

Helpful links

*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.

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