B2

Units 2, 4 & 5 The Oaks, Granary Court, Edenderry, Offaly

Bed Retail Units Sale Agreed

Description

Granary Court comprises of a mixed use commercial & residential development in Edenderry town centre just off the main JKL St. Units 2, 4 & 5 are high profile ground floor units, occupied as a single retail outlet of approximately 305 sq.m / 3,280 sq.ft, currently trading as Numunas food store.

Lease Details:

The property is let under 2 separate letting agreements.

Units 2 (60 sq.m) & 4 (130 sq.m), are let under an IR lease from 1st January 2016 for a term of 5 years (expiring on 31st December 2020) at a passing rent of €1,400pm. Both units are subject to an annual service charge (payable by the tenant) of €2,892.49pa
Unit 5 (115 sq.m) is let under a separate agreement expiring on 31st December 2019 at a passing rent of €350pm. It is subject to an annual service charge of €1,346pa.
We understand the combined commercial rates (payable by the tenant) amount for 2018 was €5217.00.

Features

Prime Ground floor retail investment/tenant not affected
Extending to c305 sq.m / 3,280 sq.ft, dual frontage
Located just off Edenderry’s main JKL St, with ample car parking close by
Fully let producing 21,000 p.a. exclusive to excellent tenant, trading since 2006
Ber : B2 rating
Seeking offers in excess of €150,000 exclusive, showing a net initial yield of 13% after standard
purchasers costs

BER Details

BER: B2

Accommodation

Units 2 (60 sq.m) & 4 (130 sq.m),
Unit 5 (115 sq.m)

Directions

Located just off Edenderry’s main JKL St.

Edward Carey Property

  • Innfield House, Enfield, Co. Meath
  • Phone: 046 954 1064
  • PSRA:PSR: 001731

Contact

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