Athlone Road, Ballymahon, Longford, Sold B2

Investment Property 926 m² / 9967 ft²

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Description

This Industrial commercial property is on a site of c. 1.25 acres and is contained in Folio LD911L and fronts onto the N55 Athlone Road. The building has a total floor area of c. 926 Sq. Meters (c. 9,967 Sq.Ft.) The buildings comprise single storey offices and toilets on the edge of the main factory floor area which is divided in two and further subdivided to create a small open plan office space within the factory working area. The single story offices are of concrete block construction and the main factory building is of concrete portal frame construction with concrete block walls and insulated cladded roof.

Outside the remaining site has a large tarmac distribution yard to the rear and to the sides and front car parking spaces there is also a grassed area to the front of the building.

The property is part of a small industrial estate on the Athlone road out of Ballymahon and is walking distance from the town’s main street. Ballymahon is an important location, situated almost centrally between the large settlements of Athlone to the southwest, Mullingar to the east and Longford to the north. The town is served by the National secondary route (N55) from Athlone to Cavan which passes through the town as well as the regional route R392 from Lanesboro / Roscommon to Mullingar.

SERVICES:
Mains Water & Sewerage, 3 Phase electricity, heating in Main factory floor area is by Oil fired blow heaters with electric storage heating and air conditioning in the offices.


ZONING:
The area is currently zoned for industrial development under the Longford County Development plan 2009 – 2015 variation 1 (adopted September 2012.).


TENANCY:
The property is currently leased on a 35 year lease from 1st of August 1993 at a current passing rent of c. €34,000 per annum. There is a provision for five year rent reviews ‘upwards only’ to open market rental value. The tenant, Scientific Games Worldwide Ltd., is a successful international games machine company, who would be considered a good covenant.


RATES: RV of €127 at Longford Council rate of €63.35 = €8, 043.54 for the year 2014


TITLE: Leasehold interest –

BER Details

BER:
BER No. 800234205
Energy Performance Indicator: 523.07 kWh/m²/yr

Viewing Details

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