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61 / 62 High Street, Kilkenny, R95 A9TX
C
Commercial Property for Sale at auction, on 28/09/2016 Lot No. 20
Rental Income See Desc
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Property Details
Supporting Documents
Addendum Show Details +
A multi-let high street retail investment.
Comprising 2 x high street retail units, together with a cafe to the rear, and 5 x retail/office studios overhead.
Extending to approximately 372 sq. m (4,000 sq. ft) in total.
Subject to 7 x tenancies.
Dual frontage to both High Street and St. Kieran's Street.
Reversionary potential.
Prime high footfall city centre location.
Tenure Freehold.
Location
  • The city of Kilkenny has a population of some 24,000 (as of the 2011 census).
  • Kilkenny is situated approximately 120km south west of Dublin, 52km north of Waterford City and 36km south west of Carlow Town.
  • Transport links are provided by the M9 motorway linking Kilkenny with Dublin and Waterford.
  • The property is situated in a high footfall location at the heart of the city's main retailing area to the eastern side of High Street close to Market Cross Shopping Centre.
  • Surrounding occupiers include Supermacs, Duggan Mens Wear, Ulster Bank, Boots, Elverys, and Market Cross Shopping Centre.
Description The property is arranged over ground and two upper floors to provide a mid terrace retail building. Internally the property comprises two ground floor retail units with overhead retail studio accommodation (61/62 High Street) together with a cafe (76 St. Kieran's Street) to the rear. Total floor area extending to approximately 372 sq. m (4,000 sq. ft).
VAT VAT is applicable to this sale, please refer to the legal documents for further details.
Current Rent Total Current Rent Reserved €47,700 per annum (1) with vacant possession of two units
RESERVE RANGE €470,000 - €530,000
BER Details BER: E2
BER No: 800470189
Energy Performance Indicator: 1380.48 kWh/m²/yr 2.48
Viewing Times Please contact Thomas O'Dowd 353 1 779 0449

Enquire about this

Allsop Contact Details

Thomas O'Dowd

Phone

+353 (0)1 6673388

Email

thomas.odowd@allsopireland.ie

Solicitor Contact Details

Sarah Byrne

Messrs Hayes Solicitors (Ref: Ms S Byrne). Tel: +353 (0)1 662 4747.

sbyrne@hayes-solicitors.ie

Accommodation & Tenancies
Unit Accommodation Terms of Tenancy Current Rent € p.a.
Total €47,700 p.a.
61 High Street Retail Vacant -
62 High Street Retail Let to Phone Server
4 years 9 months from 08.06.2015
€22,000 p.a.
76 St. Kieran Street Cafe Let to Matthews Homebake Cafe
1 year lease from 04.2012
Overholding
€22,100 p.a.
Current Rent Passing €14,400 p.a.
61/62 High Street (Market Slip) Retail Vacant -
61/62 High Street (Market Slip) Retail Let to MTW Jewellers
In occupation since October 2012
Informal tenancy
€1,200 p.a.
61/62 High Street (Market Slip) Retail Let to an individual
In occupation since March 2012
Informal tenancy
€1,200 p.a.
61/62 High Street (Market Slip) Retail Let to an individual
In occupation since November 2013
Informal tenancy
€1,200 p.a.
61/62 High Street (Market Slip) Retail Terms unknown -
(1) Total current rent passing €40,000 p.a.

No “information” (which hereinafter is defined as including a statement, description, quantity or measurement) given orally or contained in any “advertisement” (which hereinafter is defined as including anything contained in any brochure, catalogue, email, letter, report, docket or hand out issued by Allsop, or an agent acting on behalf of Allsop, whether on the internet or not), in respect of the Lot shall constitute a representation inducing the purchaser to enter into the sale or a condition or warranty forming part of the Conditions of Sale. Any information given orally or contained in any such advertisement is for illustration purposes only and is not to be taken as a matter of fact and any mistake, omission, inaccuracy or mis-description given orally or in the form of any advertisement shall not give rise to any right of action, claim, entitlement or compensation against Allsop. Prospective buyers are strongly advised to read the Auctioneers’ Notices Part One and Part Two and all applicable conditions of sale and agenda.

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