Auction
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Unit 11, Mastertech Business Park, Athlone Road, Longford Town, Co. Longford

  • Auction
  • Lot 10
  • Ireland
  • Industrial
  • Commercial

Sold for €462,000

Property Summary

  • Online Auction: 30th March 2023.
  • A substantial warehouse investment.
  • Comprising ground floor warehouse and office accommodation split into 3 x units.
  • Extending to approximately 3,577 sqm (38,503 sq ft) in total.
  • Contained within Folio LD14463F.
  • Set within a well established business park.
  • Total current rent reserved €46,000 per annum.
  • NIY 9.84% with reversinary potential.

Contact Us

Robert Hefferon
Robert Hefferon
Property Agent, here to help.
Conor Rock
Vendor's Solicitor

Contact Us

Robert Hefferon
Robert Hefferon
Property Agent, here to help.
Conor Rock
Vendor's Solicitor

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Property description

The property comprises a substantial detached warehouse unit. Internally the property is arranged to provide large scale warehouse accommodation over ground floor level which is divided into 3 x units. The largest unit, 11A2 also comprises office accommodation, multiple classrooms and commercial kitchen for its internal cookery school. 

The property is situated within the established Mastertech Business Park which is located approximately 1km south west of Longford Town. Surrounding occupiers include Screwfix, Longford Gymnastic Club and Supersavers.

Additional Details

UnitAccommodationSize (Sq.M)Size (Sq.Ft)TenancyCurrent rent reserved
p.a. excl. of VAT
Unit 11A1Warehouse8389,020Let to an individual on a 10 year lease from July 2017 with no break option or rent review provision. €5,000
Unit 11A2Warehouse1,78019,160Let to the EDI on a 12 year lease from December 2022 with a break option in year 4 subject to a 12-month penalty.
The lease allows for 5 yearly CPI linked rent reviews. The tenant has signed a Deed of Renunciation. 
€36,000
Unit 11A3Warehouse95910,322Let to an individual on a 10 year lease from August 2017 with no break option or rent review provision.€5,000
Total 3,57738,502 €46,000 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

C1 - C3

BER Identification Number

800868143  800868093  800868176

Energy Performance Indicator

150.88 kWh/m²/yr
1.03

356.83 kWh/m²/yr
1.43

153.09 kWh/m²/yr

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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.

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