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Midland House, Roscrea, Co. Tipperary

  • Auction
  • Lot 226
  • Ireland
  • Retail
  • Commercial

RESERVE RANGE €450,000 - €500,000

Property Summary

  • A substantial mixed use investment.
  • Comprising 3 x retail units and 5 x apartments.
  • Extending to approximately 686 sq. m (7,379 sq. ft) in total.
  • Unit 1 occupied by Vodafone.
  • Overholding.
  • Unit 2 occupied by The Ugly Duckling Deli.
  • Lease expiry 2018.
  • Unit 3 occupied by Dragon Inn Chinese Restaurant.
  • Lease expiry 2036.
  • 3 x apartments subject tenancies and 2 x apartment vacant.
  • Total current rent reserved €67,262.76 per annum.

Contact Us

Gillian Earley
Gillian Earley
Property Agent, here to help.
Naomi O'Connor
Vendor's Solicitor

Contact Us

Gillian Earley
Gillian Earley
Property Agent, here to help.
Naomi O'Connor
Vendor's Solicitor

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Description

The property is arranged over ground and two upper floors to provide a substantial corner mixed use building. The property comprises 2 x ground floor retail units together with 5 x apartments overhead.

Location

  • Roscrea is a town in north Tipperary with a population of some 5,403 people (as of the 2011 Census).
  • The town is situated approximately 48km south west of Portlaoise and approximately 72km north east of Limerick.
  • Transport links include the N62 providing direct access onto the M7 Motorway.
  • The property is situated on Main Street at the intersection with Castle Street and the R421 Roadway.
  • Surrounding occupiers include AIB, Shaws and Images Hair Salon.

Property Table

Unit Accommodation Present Lessee Sq. m (Sq. ft) Lease Terms Current Rent Reserved € p.a.
Unit 1 Retail Lorat Trading Limited 38 409 4 years 9 months from 01.08.2010 €10,000 p.a.
Unit 2 Café Individual t/a The Ugly Duckling Deli 178 1916 5 years from 20.09.2013 €21,000 p.a.
Unit 3 Restaurant Individual t/a Dragon Inn Chinese Restaurant 204 2195 35 years from 14.10.2002 €23,302.76 p.a.
Apartment 1 1 Bedroom Vacant  47 505    
Apartment 2 1 Bedroom Individual  47 505 12 months from 11.12.2014 €3,600 p.a.
Apartment 3 2 Bedroom Vacant  60 645    
Apartment 4 2 Bedroom Individual  56 602 12 months from 14.04.2015 €4,416 p.a.
Apartment 5 2 Bedroom Individual  56 602 6 months from 24.09.2016 €4,944 p.a.
    Total  686 sq. m 7,379 sq. ft   €67,262.76 p.a.

VAT

Please refer to Legal Documents

BER Rating

D2 - G

BER Identification Number

Available from Allsop

Energy Performance Indicator

1059.88 kWh/m²/yr - 804.24 kWh/m²/yr

Helpful links

*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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