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.
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.
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%.
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 ...