Creche Unit at Alexandra Walk Apartment Complex, Whitefriar Street, Dublin 8
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Auction
- Lot 154
- Ireland
- Mixed Use
- Commercial
REDUCED GUIDE PRICE €525,000
Property Summary
- A city centre creche investment.
- Extending to approximately 296 sq. m (3,186 sq. ft).
- Set within a wider mixed use development.
- Let to an individual t/a Whitefriars Creche & Montessori.
- Lease expiry 2017 (overholding).
- Current rent reserved €42,000 per annum, incl. of VAT.
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Description
The property is arranged over basement and ground floors to provide a creche unit. The property is set within a wider mixed use development comprising predominantly residential properties.
Total floor areas extending to approximately 296 sq. m (3,186 sq. ft).
Location
- Dublin 8 forms part of inner city Dublin, located to the south of the River Liffey, and west of Dublin 2.
- The area includes The Guinness Storehouse, The Coombe Hospital, Kilmainham Gaol and St. Patricks Cathedral.
- Public transport links in the area include the Red Luas line, Hueston Railway Station and a number of bus routes.
- The property is situated to the southern side of Whitefriars Street within the Alexander Walk development.
- Surrounding landmarks include St. Patricks Cathedral and Dublin Institute of Technology.
Tenancy
The entire property is at present let to an individual t/a Whitefriars Creche & Montessori for a term of 10 years from 01.09.2007 at a contractual rent of €60,000 per annum(1). The lease provides for rent reviews every fifth year and contains full repairing and insuring covenants. (1) We are informed by the Vendor that the current rent passing is €42,000 per annum.
VAT
BER Rating
BER Identification Number
800569873
Energy Performance Indicator
673.16 kWh/m²/yr1.88
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*Terms & Conditions
No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.
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