14 Gladstone Street, Waterford City, Co. Waterford, X91YNH1

Prime Investment Opportunity Exceptional & Secure Freehold Investment O’Shea O’Toole are delighted to present this substantial and prominent mid-terrace period property for sale on Gladstone Street in the heart of Waterford City. This is a rare opportunity to acquire a prime freehold investment with a secure, long-term income stream from an exemplary tenant. Prominent City Centre Location Secure 10-Year Lease to JFW Accountants (James F Wallace & Co.) Long-Standing, Reputable Tenant (40+ Years in business) New Lease (2025) at an Agreed Rent of €60,000 per Annum Substantial Accommodation of c. 6,600 sq.ft.   Investment Highlights  - Prime Waterford City Centre Location: Situated just off the Quay on Gladstone Street, benefitting from high footfall, excellent transport links, and proximity to key business, legal, and retail hubs.  - Secure, Long-Term Income: The property is let to JFW Accountants (James F Wallace & Co.) on a new 10-year lease, providing immediate and secure rental income.  - Exemplary Covenant Strength: The tenant is a highly respected firm of Chartered Accountants, successfully trading for over 40 years.  - Attractive Rental Yield: A guide price of €700,000 offers investors an attractive and secure return, net yield of c.7.8%.   Property Overview Impressive 4-storey mid-terrace property.  The accommodation is well configured for professional office use with ground floor providing for a very impressive open-plan reception area with selection of meeting rooms and client waiting area all in excellent condition.  There is a range of different office spaces at upper floor levels, and ancillary staff areas.      The Location Gladstone Street is one of Waterford City's best business areas. Its location offers unparalleled convenience:  - Minutes from John Roberts Square and the Apple Market.Close proximity to banks (AIB, Bank of Ireland), legal firms (including MW Kellers, Parker Law and HD Keane), Waterford Chamber of Commerce and a number of other offices.  - Excellent public transport links and accessible parking options.  - Surrounded by a wide array of retail, café, and restaurant amenities.   This location ensures a high-profile presence for any business and adds significant value to the investment.   Lease details  - Full repairing and insuring lease  - Annual Rent: €60,000 (Exclusive of Rates and Utilities)  - Lease Terms: Subject to a new 10-year lease    Viewing: Strictly by private appointment with the sole selling agents.   For further information or to arrange a viewing, please contact O’Shea O’Toole.   Disclaimer: The information provided in this brochure is for guidance only and is based on details supplied by the vendor. The selling agents give no warranty as to their accuracy and any prospective purchaser should confirm these details prior to purchasing. All measurements are approximate.