The Royal Apartment Complex, Dublin Street, Carlow... - BidX1

GUIDE PRICE €1,500,000

Closing Time 11:12 (GMT) 18/07/2018

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Auction

The Royal Apartment Complex, Dublin Street, Carlow Town

Auction
Lot 161
Ireland
Commercial Building
Commercial

GUIDE PRICE €1,500,000

Addendum

Please note that Special Condition 4 of the Contract for Sale has been amended.

Property Summary

Town centre mixed use investment.
Comprising 15 x apartments, 3 x retail units, 1 x office units and 370 car parking spaces.
Extending to approximately 1,238 sq. m (13,327 sq. ft). *Excluding car park.
10 x apartments let under residential tenancies.
Lease expiry 2018.
Car park occupied under an informal tenancy with NCPS.
Telephone Mast Licence Agreement let to Hutchinson 3G Ireland Limited.
Total current rent reserved €82,260 per annum with VP of 5 x apartments, 3 x retail units and 1 x office unit.

Contact Us

Legal Contact

Naomi O'Connor

Vendor's Solicitor

noconnor4674@web-ppt.bidx1.com

Contact Us

Legal Contact

Naomi O'Connor

Vendor's Solicitor

noconnor4674@web-ppt.bidx1.com

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Description

The property is arranged over ground and three upper floors to provide a mixed use development. Internally the property comprises 15 x apartments, 3 x retail units, 1 x office unit together with a five storey (370 space) multi storey car park. The property forms part of a wider mixed use development.

Location

The county town of Carlow has a population of approximately 24,000 people (as of the 2016 Census).
The town is situated approximately 37km to the north east of Kilkenny and approximately 86km south west of Dublin.
Transport links in the area include the M9 Motorway with junction 5 situated approximately 6km to the south east accessed via the N80.
The property is situated on Dublin Street, close to its junction with Tullow Street.

Surrounding landmarks include Fairgreen Shopping Centre and Carlow Shopping Centre.

No	Present Lessee	Accommodation	Sq.m	(Sq.Ft)	Lease Terms	Current Rent Reserved € p.a.
		Total	1,238 sq. m	(13,327 sq. ft)		€82,260 p.a.
1	An individual	2 Bed Apartment	74 sq. m	(797 sq. ft)	Residential tenancy	€9,840 p.a.
2	Vacant	2 Bed Apartment	61 sq. m	(657 sq. ft)	-	-.
3	Vacant	2 Bed Apartment	61 sq. m	(657 sq. ft)	-	-
4	An individual	2 Bed Apartment	62 sq. m	(667 sq. ft)	Residential tenancy	€9,600 p.a.
5	An individual	1 Bed Apartment	48 sq. m	(517 sq. ft)	Residential tenancy	€8,400 p.a.
6	An individual	2 Bed Apartment	75 sq. m	(807 sq. ft)	Residential tenancy	€6,600 p.a.
7	An individual	2 Bed Apartment	61 sq. m	(657 sq. ft)	-	-
8	An individual	2 Bed Apartment	60 sq. m	(646 sq. ft)	Residential tenancy	-
9	An individual	2 Bed Apartment	62 sq. m	(667 sq. ft)	Residential tenancy	€7,800 p.a.
10	An individual	1 Bed Apartment	48 sq. m	(517 sq. ft)	Residential tenancy	€7,920 p.a.
11	An individual	2 Bed Apartment	72 sq. m	(775 sq. ft)	Residential tenancy	€6,600 p.a.
12	An individual	2 Bed Apartment	57 sq. m	(614 sq. ft)	Residential tenancy	€7,500 p.a.
13	An individual	2 Bed Apartment	56 sq. m	(603 sq. ft)	Residential tenancy	€9,000 p.a.
14	Vacant	2 Bed Apartment	46 sq. m	(495 sq. ft)	-	-
15	An individual	1 Bed Apartment	80 sq. m	(861 sq. ft)		-
1	Vacant	Retail	108 sq. m	(1,163 sq. ft)	-	-
2	Vacant	Retail	108 sq. m	(1,163 sq. ft)	-	-
3	Vacant	Retail	99 sq. m	(1,066 sq. ft)	-	-
4	Vacant	Office	N/A	N/A	-	-
1	An individual	Multi Storey Car Park	N/A	N/A	Informal tenancy	-
1	Hutchinson 3G Ireland Limited	Telephone Mast	N/A	N/A	Licence Agreement	€9,000 p.a.

No	Present Lessee	Accommodation	Sq.m	(Sq.Ft)	Lease Terms	Current Rent Reserved € p.a.
		Total	1,238 sq. m	(13,327 sq. ft)		€82,260 p.a.
1	An individual	2 Bed Apartment	74 sq. m	(797 sq. ft)	Residential tenancy	€9,840 p.a.
2	Vacant	2 Bed Apartment	61 sq. m	(657 sq. ft)	-	-.
3	Vacant	2 Bed Apartment	61 sq. m	(657 sq. ft)	-	-
4	An individual	2 Bed Apartment	62 sq. m	(667 sq. ft)	Residential tenancy	€9,600 p.a.
5	An individual	1 Bed Apartment	48 sq. m	(517 sq. ft)	Residential tenancy	€8,400 p.a.
6	An individual	2 Bed Apartment	75 sq. m	(807 sq. ft)	Residential tenancy	€6,600 p.a.
7	An individual	2 Bed Apartment	61 sq. m	(657 sq. ft)	-	-
8	An individual	2 Bed Apartment	60 sq. m	(646 sq. ft)	Residential tenancy	-
9	An individual	2 Bed Apartment	62 sq. m	(667 sq. ft)	Residential tenancy	€7,800 p.a.
10	An individual	1 Bed Apartment	48 sq. m	(517 sq. ft)	Residential tenancy	€7,920 p.a.
11	An individual	2 Bed Apartment	72 sq. m	(775 sq. ft)	Residential tenancy	€6,600 p.a.
12	An individual	2 Bed Apartment	57 sq. m	(614 sq. ft)	Residential tenancy	€7,500 p.a.
13	An individual	2 Bed Apartment	56 sq. m	(603 sq. ft)	Residential tenancy	€9,000 p.a.
14	Vacant	2 Bed Apartment	46 sq. m	(495 sq. ft)	-	-
15	An individual	1 Bed Apartment	80 sq. m	(861 sq. ft)		-
1	Vacant	Retail	108 sq. m	(1,163 sq. ft)	-	-
2	Vacant	Retail	108 sq. m	(1,163 sq. ft)	-	-
3	Vacant	Retail	99 sq. m	(1,066 sq. ft)	-	-
4	Vacant	Office	N/A	N/A	-	-
1	An individual	Multi Storey Car Park	N/A	N/A	Informal tenancy	-
1	Hutchinson 3G Ireland Limited	Telephone Mast	N/A	N/A	Licence Agreement	€9,000 p.a.

VAT

Please refer to Legal Documents

BER Rating

A2 - D1

BER Identification Number

Available from BidX1

Energy Performance Indicator

31.74-252.06kWh/m²/yr

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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.