Property Description

For Sale via Digital Auction (Offr) on the 25th May at 14:00 (unless withdrawn or sold prior)

The property comprises a substantial single storey warehouse building with ancillary office accommodation.

The unit is of concrete/steel portal frame with concrete block infill walls, incorporating a concrete floor throughout. On office/training area is provided to the front of the unit and comprises 2 x training rooms, stores, entrance lobby and WC Facilities. The rear warehouse is sub divided into two separate areas Lighting throughout the warehouse area is by means of hanging fluorescent lights. Goods access is provided by of an electrically operated roller shutter door.

The property has the benefit of ample surface car parking spaces to the front of the property.

Schedule of Accommodation

*All intending purchasers are advised to verify the accuracy of all floor areas.

Tenancy

The entire property is subject to a Full Repairing & Insuring lease in favour of Waterford Institute of Technology for a term of 10 years from 01.01. 2016 (lease expiry December 2025) at a current passing rent of €110,250 per annum exclusive of outgoings. The lease provides for a fixed uplift in the rent to €115,762.50 p.a. in Years 9 & 10 (2024 onwards).