Unit 1 Castle Gate, Carlow Town, Carlow

Unit 1 Castle Gate, Carlow Town, Carlow

€250,000

R93PD79 122 m²

Unit 1 Castle Gate, Carlow Town, Carlow

€250,000

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Beds
Price	€250,000
Property Type	Investment Property
Size	122 meters²
Energy Rating	BER-G
Refreshed on
Eircode	R93PD79
Group Name	Maher Property Advisors
Sales License Number	003837

Description

10% Yield Investment property for sale with Tenant not affected at Castle Gate Complex on Kennedy Street in Carlow. The unit overlooks Kennedy Street in a prime located with plenty of passing traffic. The unit has the benefit of public car parking beside and is within walking distance to town centre. The restaurant that is currently let on a 5 year lease from 24/01/24 at '¬2000 plus vat per month. The tenant has been in occupation for 6 years. The passing rent is '¬24,000 plus vat per annum, representing an initial yield of 10.41%. Fixtures and fittings belong to tenant. The restaurant unit is dual aspect with two separate entrances, with the front entrance of Kennedy Avenue been used due to the layout with fire escape to the carpark to the rear. The unit is laid out with space for 34 sitting diners measuring circa 59sq. m., with coffee stand and counter to the left with kitchen and fridges located behind measuring circa 38 sq. m.. Located to the rear of the unit is two toilets and fire escape measuring circa 5 sq. m.. The unit has the added benefit of two car parking spaces that are sold with the unit. Viewing is strictly by appointment only. Disclaimer: The above particulars are issued by Maher Property Advisors on the understanding that all negotiations are conducted through them. Please note that we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

BER Details

BER: G

Description

10% Yield Investment property for sale with Tenant not affected at Castle Gate Complex on Kennedy Street in Carlow. The unit overlooks Kennedy Street in a prime located with plenty of passing traffic. The unit has the benefit of public car parking beside and is within walking distance to town centre. The restaurant that is currently let on a 5 year lease from 24/01/24 at '¬2000 plus vat per month. The tenant has been in occupation for 6 years. The passing rent is '¬24,000 plus vat per annum, representing an initial yield of 10.41%. Fixtures and fittings belong to tenant. The restaurant unit is dual aspect with two separate entrances, with the front entrance of Kennedy Avenue been used due to the layout with fire escape to the carpark to the rear. The unit is laid out with space for 34 sitting diners measuring circa 59sq. m., with coffee stand and counter to the left with kitchen and fridges located behind measuring circa 38 sq. m.. Located to the rear of the unit is two toilets and fire escape measuring circa 5 sq. m.. The unit has the added benefit of two car parking spaces that are sold with the unit. Viewing is strictly by appointment only. Disclaimer: The above particulars are issued by Maher Property Advisors on the understanding that all negotiations are conducted through them. Please note that we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

BER Details

BER: G

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Price Changes in Carlow Town

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Unit 1 Castle Gate, Carlow Town, Carlow

-€25,000 (-9.09%)

€275,000 €250,000

26th Nov 24

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Maher Property Advisors

Tel: 059 9...

PSRA Licence No. 003837

Date created: Apr 9, 2024