| Size sq.ft. | Lease Start Date | Lease Term | Break Option (Tenant) | Passing Rent pa. | |
| JRE House | 5,123 | 01.05.2019 | 10 years | Year 5 | €50,000 |
| Cooleen House | 3,745 | 01.03.2019 | 10 years | Year 5 | €35,650 |
| Total | 8,868 sq. ft. | €85,650 pa. |
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Lot -
Auction
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...
Addendum
Please be advised of the following amendments to the Contract for Sale a) inclusion of Document No. 1.8 to the Documents Schedule, b) exclusion of Document No. 5.3 from the Documents Schedule, c) exclusion of Special Condition No. 4.6 and c) amendment to Special Condition No. 4.11. All interested parties must satisfy themselves by carrying out their own independent due diligence and surveys.
Property Summary
- Online Auction: 31st May 2023
- 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 1st of May 2029
- Cooleen House let to Tipperary Education Board.
- Lease expiry 1st March 2029
- Total current rent reserved €85,650 per annum.
- Net initial yield 9.16%.
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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.
Tenancy
JRE House is s let to the Tipperary Education Board on a term of 10 years from 01.05.2019 at a contractual rent of €50,000 per annum subject to a tenant break option at the end of year 5.
Cooleen House is s let to the Tipperary Education Board on a term of 10 years from 01.03.2019 at a contractual rent of €35,650 per annum subject to a tenant break option at the end of year 5.
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.
