8 Michael Street, Waterford City Centre, Co. Waterford, X91K6DK

Tenants not affected Purcell Properties are delighted to present No. 8 Michael Street to the market. This three-storey, mixed-use property comprises retail accommodation at ground, first-floor and second levels, together with a residential unit on the third floor. No. 8 Michael Street occupies a prominent position in the heart of Waterford City Centre, benefiting from excellent access to the city’s principal retail, commercial and leisure amenities. John Roberts Square is located less than 300 metres from the property, with City Square Shopping Centre within 250 metres and the Quay less than 400 metres away. The ground, first and second floor units are currently let and will be sold with tenants in situ. The third floor residential unit, however, will be sold with vacant possession. The ground-floor retail unit currently generates an annual rental income of €30,000, with a lease in place until March 2029. The second-floor unit has recently been let on a new ten-year lease, generating an annual rental income of €5,325.