69, The Quay, 1-2 Barronstrand Street, Waterford

Location

The property occupies an outstanding location on Barronstrand Street, Waterford. Waterford is located on the southeast of Ireland and is the fifth largest city in the country with a population of 101,546 (Census 2006).

Waterford is an important retail and commercial hub with a range of facilities to provide for the surrounding towns of Carlow, Kilkenny and Waterford. The subject property occupies a high profile retail trading position at the junction of Meagher’s Quay and Barronstrand Street.

Nearby occupiers include Tommy Hilfiger, Fitzgerald’s Menswear and Boots. Barronstrand Street is pedestrianised and is one of the main shopping destinations in Waterford.

Description

The subject property comprises a ground floor retail unit which extends to approximately 227.6 sq m (c. 2,450 sq ft). The property has dual frontage onto Meagher’s Quay and Barronstrand Street. The unit benefits from a high level of fit-out and would be suitable for a variety of uses, subject to the necessary planning permissions.

Lease

The lease is held under the terms of a 20 year FRI lease from 22nd December 2008, subject to 5 yearly rent reviews.There is a break option in year 15 (6 mths notice required).

Accommodation

The approximate net internal floor areas are as follows:

The above areas are subject to a final joint measurement.

Rent

€110,000 per annum

Rates

We understand the annual rates (2010) for the property will be €9,969.

Service Charge

TBC