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€400,000

14 Jocelyn Street, Dundalk, Co. Louth, A91XNY2

Investment Property 401.5 m 2 Energy Rating


  • Central Heating
  • Garden
  • Alarm

Description

Location:
14 Jocelyn Street is centrally located approximately 500 metres east of Dundalk town centre and approximately 1.5 kilometres west of Dundalk train station in a mixed residential and commercial area close to St. Patrick's Cathedral, Dundalk Tourist Office, County Museum and numerous primary and secondary schools.

Property Description:
The property comprises a two storey mid terrace building which is laid out to a high standard for its current office use. Internally the office accommodation has been configured to provide a balanced mix of open plan and cellular office space arranged over ground and first floors respectively.

Tenancy Details
The ground floor of 14 Jocelyn Street is let to the National Council for the Blind of Ireland on a 25 year lease from 13th June 2005 at a rent of €48,000 per annum.

The Deaf Hear occupy the entire first floor on an expired lease agreement at a current rent of €7,000 per annum equating to a total rental income of €55,000 per annum. This equates to a net initial yield of 12.6% after standard purchasers costs of 8.46%.

Accommodation
Ground Floor             185.26            1,994
First Floor (Front)         72.80             783.71
First Floor (Rear)         143.49            1,544
Total                         401.55            4,322

** All Intending purchasers should satisfy themselves on the accuracy of the floor areas**

Tenure
We understand the entire property is held freehold subject to the existing tenancy agreement.

Features

  • Features:
  • Reception
  • Toilets
  • Category 5E Data cabling
  • Phone Lines
  • Alarm
  • Intercom and secure key pad access doors
  • Meeting rooms< ...

Sherry FitzGerald Carroll

Stapleton House, Stapleton Drive, Dundalk, Co. Louth

Tel: 042 9332173

PSRA Licence No.  003177



€400,000
€400,000
BESbswy