Co. Louth Median Price | AInvestment Premises, Newry Street, Carlingford | |
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Map | Street view | Nearby | Property Description: | Location The subject property occupies a prime location in the heart of Carlingford Village, approximately 27 kilometres east of Dundalk, 90 kilometres north of Dublin and 11 kilometres south of Northern Ireland. The property is located on the northern side of Newry Street which is one of the main commercial streets in the village. This affluent, medieval village is a thriving coastal region and tourist attraction which is renowned for its award winning pubs and restaurants and is a popular hen and stag destination. Commercial occupiers in the immediate vicinity include; Taaffe' s Castle Bar and Nightclub, The Bay Tree Guest House, Exclusive Hairdressers. Description 9 Newry Street is a two storey mid- terrace property extending to approximately 125.16 sq. m / (1,347 sq. ft.) over ground and first floor. The ground floor comprises restaurant use and the first floor comprises a fully fitted commercial kitchen with an open balcony area. The restaurant caters for 20 covers at a time. Internal specification includes wood flooring, feature Plastered and painted ceilings, timber wall panelling with decorative brick surround. Tenancy The property is let to " Riina' s Cafe" under a 9 year lease from 1 January 2013 at a rent of 12,000 per annum. The current fit out was carried out by the Tenant. Title Freehold VAT Any VAT arising as a result of the transaction will be the responsibility of the purchaser. Rent 12,000 p.a. Guide Price 120,000 (Net Initial Yield 9.55%). BER Rating: F BER No: 800534067 Energy Performance Indicator: 1634.88 kWh/m/yr Viewings are strictly by appointment with Sole Selling Agent Sherry FitzGerald Carroll |
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