residential for sale

Description I.D. IE/EA/39536/49236522

Description
ΓΆΒΆ Mixed use portfolio providing 27 town centre apartments & 5 retail units
ΓΆΒΆ Residential units are fully let
ΓΆΒΆ Current residential rent ΓΆΒ¬248,700pa. Residential ERV of ΓΆΒ¬324,000pa
ΓΆΒΆ 5 retail units, 2 occupied producing ΓΆΒ¬40,700pa. 3 vacant retail units offering opportunity to improve rent roll
ΓΆΒΆ Total current rent is ΓΆΒ¬289,400pa with total ERV of ΓΆΒ¬412,920pa
ΓΆΒΆ Abbey Road is located in Navan Town Centre just off the N51 offering access to transport links
ΓΆΒΆ Adjacent to Navan Town Shopping Centre with annual footfall of approx 6 million
ΓΆΒΆ Car parking will be provided by way of licence agreement, with one space allocated per unit in the adjoining Navan Town Centre Green car park
ΓΆΒΆ Asking Price: ΓΆΒ¬3,500,000 reflecting a net initial yield of 8.98% and reversionary yield of 12.82% after acquisition costs

Features
The subject mixed use portfolio provides 27 residential units extending over 4 blocks which were constructed in 2005/2006 and provide a mixture of 1 & 2 bedroom apartments at first, second and third floors. There are 5 self contained ground floor retail units, two of which are occupied.

Each residential block is accessed from Abbey Road by means of an entry phone/ video system and keypad/fob. Each residential block is serviced by OTIS 10 person lifts from ground to third floors.

ΓΆΒΆ Block A (nearest to Argos) – 6 apartments, 3 X 2 Beds and 3 X1 Bed apartments

ΓΆΒΆ Block B – 9 apartments, all 1 bedroomed with three units per floor

ΓΆΒΆ Block C – 6 X 1 bedroom apartments with two units per floor

ΓΆΒΆ Block D (nearest to PSRA office) 6 apartments – all 2 bedroom apartments, 2 per floor

The property also contains 5 ground floor retail units fronting onto Abbey Road, two of which are occupied and 3 units which provide shell and core finish internally. Dominos Pizza are in occupation with 13 years unexpired and Sew Good occupy the second unit and are currently holding over.

Further details available on

BER Details
BER:

Accommodation
Full tenancy schedule available on data site -

Directions
Located on Abbey Road, just off the N51 route in the heart of Navan Town Centre, Co Meath.
Navan Town Centre is serviced by J8 & J9 of the M3 motorway.

Viewing Details
Viewing strictly by appointment through the sole selling agents -
REA GRIMES, Main Street, Ashbourne, Co Meath.
Tel /
Dataroom - Visit
PSRA Licence No 001417


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Features

Category Sale
Price Fixed 4,084,014 USD
Type residential
Bedrooms Studio
Bathrooms 0
Status Active

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REA Grimes

T:00353 1 8350392

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