Spar Premises, Edward Street, Newbridge, Co. Kildare
POA
Sold - Investment Property - 364.1 m² / 3919 ft²
POA
Sold - Investment Property - 364.1 m² / 3919 ft²
POA
Sold - Investment Property - 364.1 m² / 3919 ft²
SPAR PREMISES, NEWBRIDGE
FEATURES
Price: N/A
Area: 364.1 m² / 3919 ft²
Status: Sold
Property Type: Investment Property
High Profile Town Centre Location
Entire Let to the “Eight to Twelve Limited”, T/A Spar
Rent at €115,000 abated to €90,000 per annum
Unexpired term of c. 10.5 years.
Nearby occupiers including Penneys, AIB, Eir, An Post, Bank of Ireland and the Whitewater Shopping Centre.
LOCATION
Spar Premises, Edward Street, Newbridge, Co. Kildare
DESCRIPTION
The property comprises a two storey over basement mid-terrace building providing for a Convenience Store and ancillary storage/office accommodation. Internally, the ground floor provides for a modern Convenience Store including deli counter and off licence, storage in the basement, with ancillary kitchen (incl. dumb waiter to deli), office, storage and staff facilities at first and second floor. The building is fitted to a high standard with rear access to a shared lane-way and a small storage shed.
Spar occupies a high profile location on the north side of Edward Street in the heart of Newbridge Town Centre. The immediate surrounding area is predominantly retail/commercial in nature with nearby occupiers including Penneys (opposite), AIB, An Post, Eir, Bank of Ireland, with the Whitewater Shopping Centre also closeby. Newbridge is a large provincial town only 43 km from Dublin with direct motorway and rail access (30 minutes). The town has experienced rapid growth in terms of both residential and commercial development in recent years and is an important service centre for Co. Kildare, on one of the busiest traffic corridors in the country. Existing employers in the area include Pfizer Ireland, Bord na Mona, Oral-B, The Defence Forces, the Racing and Breeding
Industry.
TENANCY
The property is let to “Eight to Twelve Limited” (t/a Spar) under an assigned 25 year lease from 18th December 2003, with c. 10.5 years unexpired. The contracted rent is €115,000 p.a., which was abated by agreement for 2018 to €90,000 p.a (excl. VAT). The lease is on a full repairing and insuring basis and provides for upward only rent reviews on a 5 yearly basis.
SERVICES
Main Services including gas.
SOLICITORS
Coughlan White & Partners Solicitors, Moorefield Road, Newbridge, Co. Kildare.
Ref: Michael McCarthy Tel: 045 433 332
BER Details
BER No. 800546665
EPI: 650.7 kWh/m2/yr
TITLE
Freehold
