Freehold Mixed Use Town Centre Investment Property with Lucrative Annual Rental Income.
This property comprises a 2 storey building with attractive red brick facade incorporating a prominent display shop front. Occupying an excellent corner trading position, the property is laid out to provide modern commercial take away use at ground floor. Internally, there is a front customer waiting area which opens into a serving / kitchen area. To the rear, there is a large preparation / cooking / wash-up area in addition to associated toilets and stores to one side.
Access to the first floor 2 bed apartment is by means of an independent entrance on to Trinity Street. To the front and overlooking Trinity Street, a large open plan kitchen / living / dining area spans the entire width of the property. Additional accommodation includes a shower room (shower, wc & whb) together with two double bedrooms and a further internal room which can be used as a home office / study / store.
This property occupies a high profile corner position on Trinity Street, just off the former Dublin â€“ Belfast Road and within the heart of Droghedaâ€™s entertainment and nightlife district. No 76 is within easy walking distance of all town centre amenities in addition to the bus and train stations.
The entire ground floor take away premises is leased for a term of 25 years from 1st January 2005 at a passing rent of €2,750 per month / €33,000 per annum. Tenant also pays rates and pro rata building insurance. Rent reviews are upward only.
The first floor 2 bed apartment is leased at a rent of €1,100 per month / €13,200 per annum
TOTAL RENTAL INCOME: €46,200 PER ANNUM
Take Away Premises: 75 sq m / 807 sq ft
Including waiting area, serving /cooking area, kitchen & preparation area, stores & toilets.
Two Bedroom Apartment: 82 sqm / 883 sq ft
Open Plan living / kitchen & dining: 5.64m x 7.35m (less 1.72m x 2.14m)
Side Bedroom: 2.11m x 3.02m
Rear Bedroom: 6.0m x 3.18m