Description

The property comprises of a relatively newly constructed two-storey building which forms part of a parade of residential & commercial buildings. The property consists of two self-contained ground floor commercial units, one ground floor one bedroom apartment and three 1st floor one bedroom apartments. The units are all individually wired and a fire alarm is installed. The residential apartments have been fully refurbished and are ready for letting and accordingly the current rental income is highly reversionary and could easily be substantially increased by the new owner. We would estimate that based on our opinion of the likely rents achievable and a purchase price of say '490,000 that the property is capable of producing a return of 5.47% after allowing for normal acquisition costs. Tenancy

The ground floor commercial units are let on a short term lease to North Tipperary Supported Employment (FAS) at a combined rent of '14,500 and this lease is due for renewal on the 1st of January 2008. Further lease details are available on request. Tenants not affected by the proposed sale of the investment.
Accommodation

Each apartment comprises of the following: kitchen/living room, bedroom and bathroom (elect. shower, wc, whb). The total gross internal area of apartment 1 is 32.87 Sq.M, apt. 2 is 32.62 Sq.M., apt. 3 is 33.28 Sq.M and apt. 4 is 33.1 Sq.M.
The commercial units comprise of two separate offices per unit with separate bathroom facilities. The floor area for each unit is 34.74 Sq. Metres (374 Sq.Ft.) per unit or 69.49 Sq.M (748 Sq.Ft.) in total.In addition each of the 6 units have an outside store comprising of circa 5.00 Sq. Metres (53.85 Sq.Ft.) each

Location
The property is located on Sarsfield Street and is within easy walking distance of the Town Centre and all amenities. It is located close to a large convenience store, post office, schools, churches, etc. The public will be aware that there are plans to redevelop part of Sarsfield Street and that this new development would link Sarsfield Street with the existing UDC car park and further enhance the street.

This section of the Street is predominantly in use as a service location. Nearby occupiers include Carmel's Beauty Saloon, Rohan's Bar, The Dapp Inn, Richardson Maher Ryan Accountants, Doctors surgeries, Da Vinci's Hair Saloon, Personal Effects Hair Saloon and O'Meara & Co. Solicitors.


Viewing Details: By appointment

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Location of Property

The property is located on Sarsfield Street and is within easy walking distance of the Town Centre and all amenities. It is located close to a large convenience store, post office, schools, churches, etc. The public will be aware that there are plans to redevelop part of Sarsfield Street and that this new development would link Sarsfield Street with the existing UDC car park and further enhance the street. This section of the Street is predominantly in use as a service location. Nearby occupiers include Carmel's Beauty Saloon, Rohan's Bar, The Dapp Inn, Richardson Maher Ryan Accountants, Doctors surgeries, Da Vinci's Hair Saloon, Personal Effects Hair Saloon and O'Meara & Co. Solicitors.

Eoin Dillon & Associates Real Estate Alliance

www.edaproperty.ie

Agent Contact Details

• 36 Kenyon Street
• Nenagh
• Co. Tipperary

• Tel: (067) 33468
• Fax: (067) 44984
• Email the Agent

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