6 Mill Street, Balbriggan, County DublinAMV: €170,000 B1

Retail Units 135 m² / 1453 ft² For Sale By Auction

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Description

FOR PUBLIC AUCTION
OFFERED AT BIDS OVER €170,000. THIS PROPERTY IS FOR SALE IN PARTNERSHIP WITH THE LEINSTER PROPERTY AUCTION

Halligan O Connor in partnership with Leinster Property Auctions are delighted to be presenting No 6 Mill Street to the market. This Ground floor lock-up shop is situated in the mixed used Development consisting of 15 retail units , over 600sqm of office space, a four screen cinema, creche & approx 118 residential apartments. It is a self-contained retail unit that provides well presented rectangular layout extending to approx c.135 sq. m. (1,450 sq. ft.) Architecturally designed and of modern construction with attractive shop front with large windows for product displays. Operational as a European Mini Market which includes a bespoke meat counter and delicatessen together with well-presented aisles of general convenience. Substantial internal improvements by existing tenant. 1 car park space

This well run businesss offers a unique opportunity to acquire a ground floor town centre investment property (tenant not affected) in Balbriggan Town which has a population of c 23,000 and is one of the fastest growing towns in the country with a projected growth to 26,000.
The property is adjacent to the main line train station, Loreto secondary school, Permanent tsb, Smiles Dental and a multitude of town centre uses.

Features

Located in town centre development.
Excellent footfall
Thriving business
Adjacent train station and Balbriggan main street.
Balbriggan is a busy commuter town with excellent Road & rail transport
It is an investment property
Tenant is in the property since more than 10 years
Tenant is trading as Polostore"
Tenant is paying Annual rent = 18,500/= + VAT + Management charges + Rates
VAT is applicable on top of the purchase price
Building insurance covered in Block insurance policy. Management charges covers premium
Tenant not affected
New Letting Agreement for 4 Years and 9 months (continuous) Please update the following line:
New Letting Agreement for 4 Years and 9 months (continuous) starting from August-2018 to end April-2023.
Passing rent = €18,500/= per annum plus VAT
Commercial Rates are €6247.50/= per annum and are paid by the Tenant
Management charges are €696/= per annum and paid by the Tenant-·

BER Details

BER: B1 BER No.800269532 Energy Performance Indicator:805.3 kWh/m²/yr

Directions

Travelling north through Balbriggan town pass the Bracken Court Hotel on town Square and follow along Drogheda Street through pedestrian lights at Quay Street and Mill Street is next on your right but it is a one way system with car parking opposite.