1 & 2 Stephens Court, Stephen Street, Waterford City, Co. Waterford
€110,000
- Investment Property 438 ft² / 40.69 m² For Sale
Refreshed 2 weeks ago
Description
Two lock-up retail investments in this city centre location, just off Barronstrand Street. Easily run, high yielding investment properties with excellent tenants who are in occupation for over 20 years with a superb rent-paying record.
UNIT 1 – Floor Area – c. 438 sq.ft. (40.68 sq.m.) occupied by the current lessee (Hairdresser) under a 35 year lease from December 1984 – expires December 2019 at a current rent of €12,000 p.a., to be reviewed upwards only. PRICE REGION: €110,000.
UNIT 2 – Floor Area – c. 641 sq.ft. (59.54 sq.m) let to a jeweller under a sub-lease from an excellent covenant under a lease of 28 years from October 1988, expires October 2016 at a current rent of €22,300 p.a. with a 3 year rent review pattern linked to CPI, next review October 2014. PRICE REGION: €160,000
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UNIT 1 – Floor Area – c. 438 sq.ft. (40.68 sq.m.) occupied by the current lessee (Hairdresser) under a 35 year lease from December 1984 – expires December 2019 at a current rent of €12,000 p.a., to be reviewed upwards only. PRICE REGION: €110,000.
UNIT 2 – Floor Area – c. 641 sq.ft. (59.54 sq.m) let to a jeweller under a sub-lease from an excellent covenant under a lease of 28 years from October 1988, expires October 2016 at a current rent of €22,300 p.a. with a 3 year rent review pattern linked to CPI, next review October 2014. PRICE REGION: €160,000
Features
Excellent Investment Opportunities
High yielding.
Tenants with superb rent-paying record.
Very well priced.
High yielding.
Tenants with superb rent-paying record.
Very well priced.
Accommodation
Unit 1 – Floor Area – c. 438 sq.ft. (40.68 sq.m.)
Unit 2 – Floor Area – c. 641 sq.ft. (59.54 sq.m)
Unit 2 – Floor Area – c. 641 sq.ft. (59.54 sq.m)
Directions
In Waterford City.
Viewing Details
Strictly by prior appointment with the sole selling agents - Barry Kehoe (087) 2551477.
Interested in this Commercial Property?
Contact the Estate Agent about: 1 & 2 Stephens Court, Stephen Street, Waterford City, Co. Waterford
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Kehoe & Associates
- Kehoe & Associates
- Commercial Quay, Wexford Town, Co. Wexford,
- Tel: 053 9144393
- Fax: 053 9123021
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