Attractive commercial/residential investment opportunity generating combined annual rent in the order of €44,580 per annum. Caroline's Fitness has traded successfully from the ground floor of the property since 1998 and occupied under a 2 year 6 month lease from Oct 2022 with a passing rent of €18,000 per annum. The residential income from the upper floors comprises in the order of €26,580 per annum. The subject property is located in the heart of Waterford City Centre within comfortable walking distance to John Robert's Square, City Square Shopping Centre and a host of other high profile retailers.
Accommodation
GROUND FLOOR ACCOMMODATION
Reception Area
Office
Male Changing Room
Female Changing Room
W.C.
Gym
FIRST FLOOR ACCOMMODATION
Flat - 2 Bed.
SECOND FLOOR ACCOMMODATION
Bedsit 1
Bedsit 2
THIRD FLOOR ACCOMMODATION
Bedsit 3
Bedsit 4
RENTAL INCOME
Ground Floor -
€18,000 per annum
First Floor-
One/two bed apartment - €690 pcm.
Second Floor -
Bedsit No. 1 - €400pcm
Bedsit No. 2 - €400pcm
Third Floor -
Bedsit No. 3 - €400pcm
Bedsit No. 4 - €325pcm