- Prime city centre retail units with high footfall.
- Current Income of €32,000 per annum
- Achievable overall income with apartments rented €51,920 per annum ( apartments
currently vacant at present)
- Tenants not affected
- Long term value enhancement prospect.

Location

55/56 and 1st & 2nd Floor of 57 John Street, Waterford, is located on a busy retail thoroughfare connecting Michael Street to John Street in the heart of Waterford City. The area surrounding the property retains a neighbourhood feel with a strong retail and restaurant mix, making the area a vibrant day and night destination.

Description

55 John Street, Waterford (Eyeworks Opticians) comprises a substantial three storey terraced property fronting onto John Street with a large shop display window at ground level. The property accommodates retail on all levels.
56 John Street, Waterford ( Hogans Hairdressers) comprises of a ground floor retail unit fronting onto John Street with a shop display window.
56/57 (upper floors - 1st and 2nd floor) John Street, Waterford comprises of 3 residential apartments. 2 x 2 bedroom apartments and 1 x 1 bedroom apartment. Currently vacant but easily rentable. Each 2 bedroom apartments should achieve €580 per month and the 1 bedroom apartment should achieve €500 per month.

Tenancy

55 John Street, Waterford is let to Eyeworks Opticians at €18,000 per annum. The lease is currently being renewed. 56 John Street, Waterford is let to Hogans Hairdresser at €14,000 per annum. This lease is in place until 31/08/2026.
56/57 (upper floors- 1st and 2nd floor) John Street, Waterford is currently vacant but easily rentable to residential tenants. Expected achievable rent €580 per month for both 2 bedroom apartments and €500 per month for the 1 bedroom apartment.

V.A.T.