77/78 Tullow Street, Carlow, Co. Carlow
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Auction
- Lot 32
- Ireland
- Retail
- Commercial
Guide Price €415,000
Book Viewing
Property Summary
- A retail investment arranged over ground and first floor.
- Extending to approximately 74.32 sq. m (800 sq.ft)
- Situated within a wider commercial development.
- Let to Power Leisure Bookmakers Limited guaranteed by Paddy Power PLC.
- Lease expiry 2028.
- Current rent reserved €63,000 per annum.
- Net Initial Yield 13.8% NIY
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Property description
The property is arranged over ground and first floor to provide a bookmakers shop, comprising a betting floor and counter to the front, with staff facilities to the rear and ancillary accommodation overhead. The property is situated between two public houses on the southern side of Tullow Street close to the junction with Barrack Street. Surrounding occupiers include Racey Byrnes Bar, Eddie Rockets and Teach Dolmain Pub.
Total floor area extending to approximately 74.32 sq. m (800 sq.ft).
All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.
Tenancy
The entire property is at present let to Power Leisure Bookmakers Limited guaranteed by Paddy Power PLC. for a term of 20 years from 12/08/2008 at a contractual rent of €63,000 per annum, exclusive of rates and VAT. The lease provides for upward only rent reviews every fifth year and contains full repairing and insuring covenants.
VAT
BER Rating
BER Identification Number
800212987
Energy Performance Indicator
733.65 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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