+4

77, 78 Tullow Street, Carlow, Co. Carlow

€415,000

77, 78 Tullow Street, Carlow, Co. Carlow

€415,000

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Beds
Price	€415,000
Property Type	Retail Units
Size	meters²
Energy Rating	BER-B2
Refreshed on	Apr 19, 2024
Eircode

Description

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 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). 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.

Accommodation

BER Details

BER: B2 800212987 733.65 kWh/m²/yr

Lot Number

32

Negotiator

Richard Hoey

Auction Location

Online - BidX1

Auction Time

2024-05-10 08:00

Description

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 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). 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.

Accommodation

BER Details

BER: B2 800212987 733.65 kWh/m²/yr

Lot Number

32

Negotiator

Richard Hoey

Auction Location

Online - BidX1

Auction Time

2024-05-10 08:00

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Date created: Apr 19, 2024