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Units A,B,C,D,E,F,G,H,K and L, Nestor Complex, Monksland, Athlone, Co. Roscommon

  • Auction
  • Lot 266
  • Ireland
  • Industrial
  • Commercial

GUIDE PRICE €510,000

Property Summary

  • A multi-let warehouse investment.
  • Comprising 4 warehouse and office units.
  • Extending to approximately 2,132 sq. m (22,939 sq. ft), in total.
  • Fully let.
  • Tenants include Independent Wireless Cable Limited t/a Virgin Media Ireland.
  • Total current rent reserved €66,847.20 per annum.

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Description

The property is arranged over ground and part first floors to provide a warehouse unit, Internally the property comprises warehouse and office accommodation at ground floor level together with further office accommodation on the first floor.

The properties benefit from the following specifications;

  • Concrete block infill walls.
  • Double skin metal deck roof.
  • Double sided roller shutter doors.
  • 9 metre eaves height.
  • Category 5 cabling.
  • CCTV system.

Location

  • Athlone is the largest town in the midlands region with a population of some 20,000 people (as of the 2011 Census).
  • The town is situated approximately 123km west of Dublin and approximately 86km east of Galway.
  • Transport links in the area include the N6 providing direct access to the M6 Motorway, with junction 10 just 5km to the east. Public transport is served via a number of bus routes and train services.
  • The property is situated in Monksland, on the western suburbs of Athlone.
  • The property is located within the Daneswell Business Centre.

Property Table

No Present Lessee Accommodation Sq.m (Sq.Ft) Lease Terms Current Rent Reserved € p.a.
    Total  2,132 sq. m (22,939 sq. ft)     €66,847.20 p.a.
A An individual Warehouse 184 sq. m (1,982 sq. ft) Informal tenancy €4,800 p.a.
B - H An individual t/a Jump For Joy Adventure Centre Limited Warehouse  1,369 sq. m  (14,732 sq. ft) 

4 years 9 months from 01.01.2008

Overholding

€24,000 p.a. 
K Independent Wireless Cable Limited t/a Virigin Media Office 347 sq. m (3,731 sq. ft)

25 years, lease dated from 13.04.2001

5 yearly rent reviews

FRI terms

€20,047.20 p.a.
L Involve Warehouse / Office 232 sq. m (2,500 sq. ft)

1 year from 01.01.2004

Overholding

€18,000 p.a.

VAT

Please refer to Legal Documents

BER Rating

C1 - G

BER Identification Number

Available from BidX1

Energy Performance Indicator

423.82 kWh/m²/yr 1.15 - 1257.84 kWh/m²/yr 3.02

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*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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