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Investment Property, Newry Street, Carlingford, Co. Louth, A91 XC84

Price on Application
Retail Unit For Sale | 1,347 sq. feet (125 sq. metres)
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Overview

Property Description:

Location
The subject property occupies a prime location in the heart of Carlingford Village, approximately 27 kilometres east of Dundalk, 90 kilometres north of Dublin and 11 kilometres south of Northern Ireland.

The property is located on the northern side of Newry Street which is one of the main commercial streets in the village. This affluent, medieval village is a thriving coastal region and tourist attraction which is renowned for its award winning pubs and restaurants and is a popular hen and stag destination.

Commercial occupiers in the immediate vicinity include; Taaffe s Castle Bar and Nightclub, The Bay Tree Guest House, Exclusive Hairdressers.

Description
9 Newry Street is a two storey mid- terrace property extending to approximately 125.16 sq. m / (1,347 sq. ft.) over ground and first floor.

The ground floor comprises restaurant use and the first floor comprises a fully fitted commercial kitchen with an open balcony area. The restaurant caters for 20 covers at a time.

Internal specification includes wood flooring, feature Plastered and painted ceilings, timber wall panelling with decorative brick surround. Please note the contents in the property are included in the lease but not in the sale.

Tenancy
The property is let to Riina s Cafe under a 9 year lease from 1 January 2013 at a rent of 12,000 per annum. The current fit out was carried out by the Tenant.

Title
Freehold

VAT
Any VAT arising as a result of the transaction will be the responsibility of the purchaser.

Rent
12,000 p.a.

Guide Price
120,000 (Net Initial Yield 9.55%).

BER Rating: F
BER No: 800534067
Energy Performance Indicator: 1634.88 kWh/m /yr

Viewings are strictly by appointment with Sole Selling Agent Sherry FitzGerald Carroll

Contact
Brian Carroll
Managing Director
T: 00353 42 9332173
E: brian@sfcarroll.com

Yvonne Flaherty
Senior Surveyor
T: 00353 42 9332173
E: yvonne@sfcarroll.com
Executive Summary-

- Prime Retail Investment
- Two storey mid terrace building extending to approx. 125.16 sq m / 1,347 sq ft
- Entire let to Riiana s for a term of 9 years from 1st January 2013
-Total current passing rent of 12,000 p.a
-NIY of 9.55%
-Guide Price 120,000

Daft Property Shortcode:

https://www.daft.ie/5877323

Date Entered/Renewed:

4/4/2020 (3 days ago)

Property Views:

571
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Map Legend:

Exact Location Match Exact location match

Address:

Investment Property, Newry Street
Negotiator Photo

Yvonne Flaherty

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