Secure Investment Property in a prominent area of town with potential for growth in values.
The building is a three storey building with a retail unit on the ground floor and a one bedroom flat over the 1st and second floor. There is a total gross internal floor space of c. 65.66 Sq. meters (c. 706 Sq.Ft.)
Ground floor retail space c. 20.42 Sq. meters (c. 220 Sq.Ft.)
1st floor flat living area c. 21 Sq. meters (c. 228 Sq.Ft.)
2nd floor flat kitchen & bedroom area c. 24.24 Sq. meters (c. 260 Sq.Ft.)
Total c. 65.66 Sq. meters (c. 706 Sq.Ft.)
The property is leased on a 35 year lease from the 1st January 2005, with five year upwards only rent reviews and on a full repairing and insuring basis. The current passing rent is €11,500 per annum. Rent is payable monthly in advance.
The tenants will be unaffected by the sale. They run a long established and popular Barber Shop and would be considered a good covenant.
RATES: The rates are currently being revised, the proposed RV is €3,720 based on the proposed Longford Council multiplier of 0.25 = €930 for the year 2018 this will be subject to future confirmation.
EIRCODE: N39 K5N6
GPS: 53.729, -7.801
â€¢ Tenant not affected
â€¢ Current rental income of c. €11,500 per annum
â€¢ Prospects of Growth with the current sale of Longford Town Centre & Connolly Barracks