Investment Properties - For sale - Bank of Ireland - Enniscorthy

Bank of Ireland

Co Wexford, Y21PK06

   

  • PRICE: €1,400,000
  • FOR SALE BY PRIVATE TREATY (TENANT NOT AFFECTED)
  • TITLE: Freehold
  • BER: Exempt.

Description

LOCATION:
Bank of Ireland Enniscorthy occupies a high profile location in the centre of the town on Abbey Square and opposite the Post Office. The locality provides for an extensive range of amenities and services. Neighbouring occupiers include €uroGIANT, Credit Union and Post Office. Please refer to brochure for further information.

DESCRIPTION:
The property comprises a three storey detached building of traditional construction with a modern single storey extension to the rear. A small car park is located to the side of the building providing staff and customer car parking.

Internally, the property comprises a bright, open plan banking hall with offices finished with a modern specification. There are various original building features throughout. The upper floors provide for office accommodation.

Total floor area of approximately 480.29 sq.m.(5,170 sq.ft.)


TENANCY:
The subject Property is let to The Governor & Company of the Bank of Ireland on a 25 Year full repairing and insuring (FRI) lease from the 1st July 2007 at a current rent of €124,074 per annum. The lease is subject to five yearly upward only rent reviews.

WAULT:
The investment opportunity offers an attractive term certain of 11.8 years to expiry.

OPPORTUNITY:
Bank of Ireland Enniscorthy presents an excellent opportunity to acquire a secure long income investment property.

INSPECTIONS:
Strictly by appointment from joint sales agents.

BER Exempt



Updated: 09/09/2020
Reference: 332440131
Investment Properties: For sale
480 m² \ 5,167 sq ft available
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Damien McCaffrey
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