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4, 5 & 6 Watergate Street, Navan, Co. Meath

€650,000
Investment Property For Sale | 
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Overview

Property Description:

***TENANTS NOT AFFECTED***

REA T&J Gavigan are delighted to present to the Open Market a prime multi-unit investment opportunity. Units 4,5 & 6 are ground floor commercial units with tenants in situ together with 5 residential apartments over first & second floors. The subject property is surrounded by many successful businesses and is situated in the hear of Navan town centre. he property identified under the following folio numbers: MH23588 F, MH16242 F, MH23801 F (MH2684 L) comprises of a three storey three bay mid-terrace property with street frontage of c. 15.35 m / c. 50 foot. The site area extends to over c. 4,000 sq. ft.

The subject retail units are accessed from the main street and the apartments are accessed via alley way to the left and by stairs from the front of Watergate Street. The condition of the units are in average but well-maintained condition for a property of its age.

LOCATION
Th 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 comemrcial 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 neihbourhood.
Navan town is the principle town of Co. Meath and is located on the River Boyne, approx. 15km from Trim, 16km from Kells and 45km from Dublin City.
ACCOMMODATION
GROUND FLOOR RETAIL:
Unit No. 4 - c. 104 sq. m. - Tenant: Tarbh - ?15,000 per annum (?12,000 Year 1 & 2)
Unit No. 5 - c. 95 sq. m. - Tenant: John Joyce - ?10,200 per annum
Unit No. 6 - c. 98 sq. m. - Tenant: Callan & Hart - ?6,000 per annum

FIRST FLOOR OFFICES:
Unit No. 5 - Tenant: Charles Gilsenan Dental - ?4,800 per annum
Unit No. 6 - Tenant: John Joyce (storage)

FIRST & SECOND FLOOR APARTMENTS:
Apt. No. 1 - 1 bedroom - Vacant - market rent ?6,000 per annum
Apt. No. 2 - 1 bedroom - Vacant - market rent ?6,000 per annum
Apt. No. 3 A - 2 bedroom - Vacant - market rent ?8,400 per annum
Apt. No. 4 - 1 bedroom - Occupied - current rent ?4,160 per annum
Apt. No. 5 - 1 bedroom - Vacant - market rent ?6,000 per annum (reinstated to a 1 bed)

PRESENT ANNUAL RENTAL INCOME: ?37,160 per annum
FULL OCCUPANCY: ?63,560 per annum

Daft Property Shortcode:

https://www.daft.ie/5917933

Date Entered/Renewed:

28/11/2019 (50 days ago)

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Address:

4, 5 & 6 Watergate Street
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4, 5 & 6 Watergate Street, Navan, Co. Meath