Wexford Town Median Price | Map | Street view | Nearby | Property Description: | Corner of Skeffington Street and Selskar Street corner property comprising:
Ground Floor: 157.86 sq. m (1,690 sq. Ft.) First Floor: 157.86 sq. m (1,690 sq. ft.) Second Floor: 21 sq. m (1,088 sq.ft.) Total: 336.7 sq. m (3,626 sq. ft)
Tenancy: The ground floor retail unit is let on a 25 year lease to Jenkins Pharmacy at a passing rent of €60,000 (Sixty Thousand Per annum) plus VAT. This lease is subject to five year open market upwards only rent reviews and commenced in September 2010. The lease contained one break clause that was not used.
The first floor offices are let on a short term lease to Doyle Mahon Insurance Brokers. The property was let as a shell spec and has been fitted out by the tenant to a high standard. The passing rent is €12,000 per annum plus VAT. The tenants are overholding on this lease.
Ground Floor BER C1 First Floor BER D2
Tenure: We understand the property is freehold VAT will be payable on the sale.
Summary: This sale represents an excellent opportunity to buy an important building let in its entirety, to two busy occupants in thriving businesses. |
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