Auction
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No. 2 Market Square, Navan, Co. Meath

  • Auction
  • Lot 207
  • Ireland
  • Commercial Building
  • Commercial

Sold for €240,000

Property Summary

  • A town centre commercial building.
  • Comprising a three storey retail and office building.
  • Ground floor let to Ladbrokes.
  • Lease expiry 2027.
  • First floor let to Navan Orthodontics.
  • Lease exprry 2027.
  • Second floor let to Boyne Dental.
  • Total current rent reserved €20,250 per annum. 
  • 50% property investment.

Contact Us

Barry Lydon
Barry Lydon
Property Agent, here to help.
Kasia Walsh
Vendor's Solicitor

Contact Us

Barry Lydon
Barry Lydon
Property Agent, here to help.
Kasia Walsh
Vendor's Solicitor

Downloads

Description

The property is arragned over three floors to provide a commercial building. Internally the property comprises a ground floor retail unit together with office accommodation overhead. Please note the property is not divided from Number 1, and we are selling 50% of the property without subdivision.

Location

  • Navan is a town in County Meath with a population of approximately 30,000 people (as of the Census 2016).
  • The town is situated approximately 18km south east of Kells and 51km north west of Dublin city centre.
  • Navan is situated on the M3 motorway providing direct access to Dublin.
  • The property is situated on Market Square, a main thoroughfare of Navan town centre.
  • Surrounding occupiers include Bank of Ireland and McDonalds.

Property Table

FloorAccommodationTenantLease TermsCurrent Rent Reserved p.a.
GroundRetailLadbrokes

25 years from 01.01.2002

5 yearly rent reviews

€50,000 p.a.*
FirstOfficeNavan Orthodontics

19 years & 9 months from 01.03.2008

€18,000 p.a.*
SecondOfficeBoyne DentalShort term letting agreement in place.€13,000 p.a.*
    €81,000 p.a.*

*Please note the agreement with the owners of Number 1 is that this investment receives a quarter of the total current rent reserved. Therefore the current rent is €20,250 p.a.

VAT

Please refer to Legal Documents

BER Rating

C2

BER Identification Number

800690976

Energy Performance Indicator

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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