For Sale (Tenant Not Affected)
Guide Price €270,000
Office building consisting of two separate office units both currently rented generating a combined rent of €30,000 p.a. plus VAT
Ground floor unit floor consists of an open plan office area with store and W.C. measuring c.140m² plus a warehouse area to the rear with roller shutter door measuring c.64m².
The first floor mezzanine is of concrete construction measuring c.204m² and consists of an open plan office, Boardroom, W.C. and Kitchenette.
This is an excellent opportunity to acquire a modern office building in a thriving business park. The property is being sold with the tenants in situ. Based on the current rent the property is generating a gross yield of 11%.
This is an excellent investment opportunity and ideal for a Self-Administered Pension Fund.
Riverstown Business Park is located approximately 2km from Tramore town centre and 11km from Waterford city.
Built : c.2007
Services: Mains water and sewerage
No Management Company in place
Local Authority Rates: Currently being paid by the tenants but c.€2,400 p.a.
Total area: c.408m²
Purchase price is excluding VAT