51 John Street, Waterford City, Co. Waterford


€ 300,000

Sale Agreed
  • Investment Property

TENANTS UNAFFECTED

Three storey terraced city centre retail investment on long term lease located in the heart of Waterford’s entertainment and nightlife district. The premises operates as a fast food takeaway under the style Apache Pizza and presents in excellent condition.

BER to be Confirmed

LOCATION

51 John Street is located in the heart of Waterford’s entertainment and nightlife area, immediate to the junction of John Street and Parnell Street in a high profile, high visibility situation.

ACCOMMODATION

The property which is terraced is of concrete block construction with pitched slated roof and suspended timber overhead floors which are unoccupied and unused.

The property is configured over three floor with a substantial ground floor extension and presents in excellent condition.

It currently trades as a fast food takeaway under the style ‘Apache Pizza’ and is fully fitted and equipped for that purpose.

TENANCY

Held under lease for a term of 20 years from July 2019 at a current passing rent of 27,000 pa. The rent is subject to review on the 6th, 11th and 16th years to open market.

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