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JRE & Cooleen House, Western Road, Clonmel, Co. Tipperary, E91 CH73

Auction
Ireland
Office
Commercial

GUIDE PRICE €850,000

Bidding deposit €10,000 *fully refundable if unsuccessful bidder

Extension period added...

Auction Date 13 October
Closing Time 09:00:00 (GMT+1)

Property Viewings

Please contact us to discuss viewings for this property.
Phone
+353 (0) 1 667 3388
Email
info@ie.bidx1.com

Property Summary

  • Online Auction Date: 10th October 2022
  • A substantial office investment.
  • Comprising 2 x detached office buildings over ground, first and second floor.
  • Secure site with parking.
  • Extending to approximately 824 sq. m (8,869 sq. ft) in total.
  • Situated in the centre of Clonmel town.
  • JRE House let to Tipperary Education Board.
  • Lease expiry 8th of October 2024
  • Cooleen House let to Tipperary Education Board.
  • Lease expiry 7th October 2024
  • Total current rent reserved €85,650 per annum.
  • Net initial yield 9.16%.

Contact Us

Ben McArdle
Ben McArdle
Property Agent, here to help.
Padraig Murray
Vendor's Solicitor

Contact Us

Ben McArdle
Ben McArdle
Property Agent, here to help.
Padraig Murray
Vendor's Solicitor

Downloads

Property description

The property is arranged over ground, first and second floor levels to provide 2 x detached office buildings. Internally the property comprises office accommodation on each floor, with a reception area, conference rooms, a kitchen and toilets.

The property is situated in the centre of Clonmel on a well established retail and commercial street. The property is located on Western Road close to the centre of Clonmel. Surrounding occupiers include Lidl, South Tipperary General Hospital and St Marys Hurling Club & GAA Centre.

Total floor area extending to approximately 824 sq. m (8,869 sq. ft)

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

Tenancy

JRE House is s let to the Tipperary Education Board on a term of 10 years from 08.10.2019 at a contractual rent of €50,000 per annum subject to a tenanat break option in year 5.

Cooleen House is s let to the Tipperary Education Board on a term of 10 years from 08.10.2019 at a contractual rent of €35,650 per annum subject to a tenanat break option in year 5.

Additional Details

 Size sq.ft. Lease Start Date Lease TermBreak Option (Tenant)Passing Rent  pa.
JRE House5,12308.10.201910 yearsYear 5€50,000
Cooleen House 3,74507.10.201910 yearsYear 5€35,650
      
Total8,868 sq. ft.   €85,650

VAT

Please refer to Legal Documents

BER Rating

C2 - E1

BER Identification Number

Available From Bidx1

Energy Performance Indicator

242.47 kWh/m²/yr - 380.45 kWh/m²/yr


*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 interested parties 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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