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Waterford, Waterford City, Co. Waterford

€ 1,950,000 Investment Property
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Property Overview:

Date Entered/Renewed: 23-07-2018 ( 92 days ago )

Property Description:

FOR SALE

STUNNING INVESTMENT OPPORTUNITY

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

Description:

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.


Location:

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


Tenant:

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.