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Waterford, Waterford City, Co. Waterford

€ 1,950,000 Investment Property
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Property Overview:

Date Entered/Renewed: 25-04-2019 ( 29 days ago )

Property Description:



Superb investment generating 140,000 per annum on a 20 year FRI lease tenanted by State Body


The subject property comprises a ground floor commercial unit of circa 8,800 sq ft with an on-site secure car park. The building is currently undergoing a substantial fit-out specific to tenants requirements. Upon completion (August 2018) the property will be a state of the art training and education facility.

Incorporating reception, offices, canteen, toilet and numerous class rooms and training room.


Located in Waterford City Centre. Walking distance to all of the city's facilities and amenities.


The property is tenanted by "blue chip" state body.

Lease Details:

- The tenant will occupy under a 20 year FRI lease from August 2018.
- Break Options: Year 10 & 15 subject to 12 months' notice
- Annual Rent: 140,000 - vat will not apply
- Rent Reviews: 5 yearly reviews in line with CPI index

Guide Price

1,950,000 plus vat.