42 Michael Street, Co. Waterford

Sale Type: For Sale by Public Auction, Auction Date & Time: Thu, Sep 24 at 10:30 AM, Auction Location: Online - bidx1.com/en/108454 A town centre retail building. Comprising ground floor and first-floor retail units. Extending to approximately 114 sq. m (1,227 sq. ft) in total. Situated on Michael Street, in the heart of Waterford City Centre. Surrounded by a strong mix of established retailers and amenities. First floor subject to a tenancy at a current rent of €10,400 per annum Vacant possession of ground floor unit. The property is arranged over ground and one upper floor to provide an mid terrace retail building. Internally, the property comprises a ground floor retail unit formerly in use as a bookmaker and a first-floor retail unit. Ideally positioned on Michael Street in the heart of Waterford City Centre, the property occupies a prime retail location within close proximity to the city's principal commercial and shopping destinations. The property is situated less than 150 metres from John Roberts Square, approximately 130 metres from City Square Shopping Centre, and less than 300 metres from The Quay. The surrounding area benefits from strong footfall and is home to a number of established national and international retailers, including Dunnes Stores, Penneys, The Book Centre, Pandora, Lifestyle Sports, and Dealz, among others Total floor area extending to approximately 114 sq. m (1,227 sq. ft). All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements The ground floor is currently available with vacant possession. The first floor is occupied by a tenant on a rolling 12-month lease, who has been in situ since January 2024 with a rent reserve of €10,400 per annum. Ref: IE0010926000039