Ocean Crest B&B, 6 Ocean Wave, Salthill, Co. Galway, H91 N4X0
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Auction
- Ireland
- Hotel
- Commercial
Guide Price €695,000
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Property Summary
- A prime hospitality investment.
- Comprising 13 x en-suite bedrooms.
- Benefitting from off street parking to the front and a garden to the rear.
- Located in Salthill on the outskirts of Galway City.
- Extending to approximately 387 sq m (4,165 sq ft).
- Lease expiry July 2047.
- Total current rent reserved €60,000 per annum.
- Gross Annual Yield 8.63%.
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Property description
The property is arranged over ground and two upper floors to provide a detached, 13 bedroom B&B. Internally the property comprises 13 en-suite bedrooms, communal kitchen facilities and provides for ample off street car parking.
The property is situated in the centre of Salthill. A picturesque seaside location, highly sought after for tourists year round with amenities such as Grattan Beach, Galway Golf Club and Mutton Island. Further amenities to include a host of popular bars, restaurants, cafes and shops can be found in nearby Eyre Square (2km) and Spanish Arches (1.5km)
Total floor area extending to approximately 387 sq m (4,165 sq ft).
All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.
Tenancy
The subject property is single let to an individual on a 30 year FRI lease from August 2017 at an annual contracted rent of €60,000. The lease allows for 5 yearly CPI linked rent reviews.
VAT
BER Rating
BER Identification Number
109913780
Energy Performance Indicator
169.13 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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