1 & 2 Watergate Street, Navan, Co. Meath
- Sale Type: For Sale by Private Treaty
****TENANTS NOT AFFECTED**** ***Physical viewings are available on this property in accordance with Level 5 guidelines. Contact us today to arrange a viewing*** Quillsen are delighted to present to the Open Market a prime multi-unit investment opportunity Units 1 2 Watergate Street are ground floor commercial units with tenants in situ together with three residential apartments over first second floors. The subject property is surrounded by many successful businesses and is situated in the heart of Navan town centre. The property comprises of a three storey mid-terrace property with stone exterior front elevation and enjoys pedestrian access to the rear. The property has currently two apartments over the first and second floors as well as a number of vacant rooms which has the potential for a third apartment. Whilst the units appear to be in good condition the apartments would benefit from minor refurbishment to enhance them to modern day living standards. The total internal floor area extends to approx. 411 sq.m Navan boasts all the facilities and amenities that one would expect in a vibrant town to including an array of schools and shopping outlets including almost all of the national retailers. It is linked to Dublin via the N2 and the M3 Motorway. Bus Eireann run an excellent commuter service from the town to Dublin City Centre. FEATURES Present Annual Rental Income: €30,000 Superb investment opportunity High profile location Some vacant rooms Needs work to realise its full potential LOCATION This substantial property fronts directly on to Watergate Street and benefits from pedestrian access to the rear. These premises are located on the left hand side of Watergate Street, a one way street in the town centre. It is located in close proximity to Bank of Ireland and AIB. The traditional retail focus of the town is on Trimgate St., Ludlow St., and Watergate St. and these streets contain a range of commercial uses, including convenience, retail, offices, public houses, restaurants, night clubs, financial services and personal services. An excellent catchment area, amongst such a high density commercial neighbourhood. PROPERTY DETAILS Ground Floor Unit 1 Unit 1: c.82 sq.m Tenant: Hansel & Gretel Bakery Ltd, Rent: €12,000 per annum Unit 2 Unit 2: c.180 sq.m Tenant: Hayri Kara t/a ISTANBLUE Rent: €18,000 per annum (includes 1 bed apartment on 1st Floor) First Floor Barber Shop Barber Shop: c.27 sq.m Currently Vacant Wc: wc & whb (x2) Apartment No.1 Apartment No.1: c.26 sq.m Kitchen/livingroom, bedroom, & bathroom (included in rent of Unit 2) Second Floor Apartment No.2 Apartment No.2: c.37 sq.m Currently Vacant: Kitchen/livingroom, bedroom & bathroom Potential Rent: €8,400 per annum Vacant Room Vacant Room: c.24 sq.m L shaped VIEWINGS An early inspection of this property comes highly recommended by the selling agent. In addition to business hours, viewings can usually be accommodated by us in the evenings and at weekends. To arrange a viewing of this property, simply call or text our negotiator handling this sale, Eamonn Shields on 087-9181397 or 046 9022100. Viewing is strictly by appointment.
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