11 Retail/Office units and 9 apartments at Finnega... - BidX1

Sold for €3,174,000

102691

€3,174,000

18/05/2023 10:00:45

102681

€3,173,000

18/05/2023 10:00:45

102691

€3,172,000

18/05/2023 09:59:47

102681

€3,162,000

18/05/2023 09:59:42

102691

€3,152,000

18/05/2023 09:59:05

102681

€3,142,000

18/05/2023 09:59:01

102691

€3,132,000

18/05/2023 09:58:52

102681

€3,122,000

18/05/2023 09:58:49

102691

€3,112,000

18/05/2023 09:58:03

102681

€3,102,000

18/05/2023 09:58:00

102691

€3,092,000

18/05/2023 09:57:16

102607

€3,082,000

18/05/2023 09:57:03

102691

€3,072,000

18/05/2023 09:56:45

102607

€3,062,000

18/05/2023 09:56:42

102691

€3,052,000

18/05/2023 09:56:17

102607

€3,042,000

18/05/2023 09:56:14

102681

€3,033,000

18/05/2023 09:56:14

102691

€3,032,000

18/05/2023 09:55:59

102607

€3,022,000

18/05/2023 09:55:56

102691

€3,012,000

18/05/2023 09:55:54

102681

€3,002,000

18/05/2023 09:55:36

102691

€3,001,000

18/05/2023 09:55:36

102681

€3,000,000

18/05/2023 09:55:36

102691

€2,999,000

18/05/2023 09:55:36

102681

€2,998,000

18/05/2023 09:55:36

Closing Time 09:56 (GMT) 18/05/2023

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Robert Hefferon

Robert Hefferon

Property Agent, here to help.

robert.hefferon@bidx1.com

+353 (0) 87 145 4501

11 Retail/Office units and 9 apartments at Finnegan’s Way, Trim, Co. Meath, C15 VX22 1/8

11 Retail/Office units and 9 apartments at Finnegan’s Way, Trim, Co. Meath, C15 VX22 2/8

11 Retail/Office units and 9 apartments at Finnegan’s Way, Trim, Co. Meath, C15 VX22 3/8

11 Retail/Office units and 9 apartments at Finnegan’s Way, Trim, Co. Meath, C15 VX22 4/8

11 Retail/Office units and 9 apartments at Finnegan’s Way, Trim, Co. Meath, C15 VX22 5/8

11 Retail/Office units and 9 apartments at Finnegan’s Way, Trim, Co. Meath, C15 VX22 6/8

11 Retail/Office units and 9 apartments at Finnegan’s Way, Trim, Co. Meath, C15 VX22 7/8

11 Retail/Office units and 9 apartments at Finnegan’s Way, Trim, Co. Meath, C15 VX22 8/8

1 / 8

Auction

11 Retail/Office units and 9 apartments at Finnegan’s Way, Trim, Co. Meath, C15 VX22

Auction
Lot 15
Ireland
Mixed Use
Commercial

Sold for €3,174,000

Addendum

Please be advised the total current rent reserved is €208,575 per annum and not €216,975 as previously advertised. All references advising the total current rent reserved is €216,975 should be disregarded. All interested parties must satisfy themselves by carrying out their own independent due diligence. Please be advised of the following amendments to the Contract for Sale a) to the Particulars and Tenure, b) exclusion of Special Condition 7, c) inclusion of Special Conditions 16 and 18 and c) amendment to Special Condition 3.

Property Summary

Online Auction: 18th May 2023.
Town centre, mixed use investment.
Comprising ground floor retail and restaurant accommodation, first floor office accommodation and 9 x apartments overhead.
Entire extending to approximately 1,712 sq m (18,397 sq ft).
Total current rent reserved €208,575 per annum.
10.28% NIY on commercial element.
7.07% Gross yield on residential element with vacant possession of unit 8 and significant reversionary potential.

Contact Us

Robert Hefferon

Robert Hefferon

Property Agent, here to help.

robert.hefferon@bidx1.com

+353 (0) 87 145 4501

Legal Contact

Julie O’Sullivan

Vendor's Solicitor

Julie.osullivan@hatstone.com

+353 01 482 6098

Contact Us

Robert Hefferon

Robert Hefferon

Property Agent, here to help.

robert.hefferon@bidx1.com

+353 (0) 87 145 4501

Legal Contact

Julie O’Sullivan

Vendor's Solicitor

Julie.osullivan@hatstone.com

+353 01 482 6098

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Property description

The property is arranged over ground and first floor floor to provide a mixed use, town centre investment opportunity. Internally the property comprises 8 x ground floor retail units together with 3 x first floor office suites and 9 x two bedroom apartments.The units are set amongst a wider mixed-use development.

The property is situated on Finnegans Way in the heart of Trim which is located approximately 15km south west of Navan and 45km north west of Dublin City centre. Surrounding occipers include Spar, Vodafone, The Trim Castle Hotel and the Office of Public Works.

Tenant	Use	Floor/Beds	Sq. M.	Sq. Ft.	Lease Term	Commencement Date	Break Option	Rent (p.a) exclusive of VAT	Lease Expiry
Polo Food Market	Retail	Ground	111	1,194	5	01/06/2020	N/A	€18,000	31/05/2025
John Farrell Pharmacy	Retail	Ground	111	1,194	20	01/10/2015	Expiration of years 2/7/14	€20,400	30/09/2035
Abelle Bridal	Retail	Ground	111	1,194	1	07/12/2021	N/A	€9,600	06/12/2022
Individual	Office	First	111	1,194	1	01/09/2018	N/A	€5,200	Expired
Silkweb	Office	First	111	1,194	1	07/12/2021	N/A	€5,000	06/12/2022
Individual	Office	First	148	1,593	1	01/09/2018	N/A	€6,000	06/12/2022
Music School	Retail	Ground	74	796	1	07/12/2021	N/A	€6,720	06/12/2022
Individual	Retail	Ground	74	796	1	01/08/2021	N/A	€8,455	31/07/2022
National Driver Licence Service	Retail	Ground	74	796	5	13/08/2018	N/A	€8,000	12/08/2023
Comit Hospitality Ltd.	Restaurant	Ground and First	232	2,497	20	01/02/2014	N/A	€42,000	31/01/2034
M & P Brady Photo Lab	Retail	Ground	55	592	5	01/10/2021	N/A	€12,000	30/09/2026
Apt. 1	Residential	Two Bedroom Apartment	79	850	Residential Tenancy			€7,800
Apt. 2	Residential	Two Bedroom Apartment	80	861	Residential Tenancy			€7,800
Apt. 3	Residential	Two Bedroom Apartment	80	861	Residential Tenancy			€8,400
Apt. 5	Residential	Two Bedroom Apartment	67	721	Residential Tenancy			€7,800
Apt. 6	Residential	Two Bedroom Apartment	75	807	Residential Tenancy			€8,400
Apt. 7	Residential	Two Bedroom Apartment	77	828	Residential Tenancy			€9,000
Apt. 8	Residential	Two Bedroom Apartment	77	828	Vacant
Apt. 9	Residential	Two Bedroom Apartment	75	807	Residential Tenancy			€9,000
Apt. 10	Residential	Two Bedroom Duplex Apartment	112	1,205	Residential Tenancy			€9,000
Total			1,712	18,427				€208,575

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

VAT

Please refer to Legal Documents

BER Rating

B3 - C3

BER Identification Number

105553747

Energy Performance Indicator

149.83 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. BidX1 is a trading name of BidX1 Ireland Limited. PSRA Registration Number 001652.