Raymond Potterton Auctioneers are delighted to present this excellent multi-let commercial investment situated in the established Balmoral Industrial Estate, Navan.
The property comprises two commercial buildings extending to approximately 1,814 m² (19,525 sq ft) in total and divided into independently occupied units of varying sizes.
The accommodation provides a versatile mix of retail showrooms, workshops, storage and service-based commercial space.
The units are currently occupied by eight well-established tenants representing a good mix of retail and service businesses.
Internally, the units have been individually fitted out to suit their respective occupiers and include retail display areas, showrooms, production areas, workshops and storage accommodation.
The workshop units provide generous open-plan working areas with excellent floor-to-ceiling heights.
The buildings are principally of concrete-block and steel-framed construction with pitched, profile-clad roofs incorporating translucent roof panels.
The property benefits from individual entrances to the various units together with extensive hard-surfaced circulation areas, customer parking, loading facilities and convenient vehicular access throughout the development.
The combination of its established tenant base, diverse range of commercial uses and convenient town-centre location makes this an excellent investment opportunity.
ACCOMMODATION
Block A - Unit 1 & 1A Ground Floor - 543 sqm / 5,844 sq. ft.
Block A - Unit 2 Ground Floor & First Floor - 271 sqm / 2,916 sq. ft.
Block A - Unit 3 Ground Floor - 139 sqm. / 1,496 sq. ft.
Block A - Unit 4 Ground Floor - 125 sqm. / 1,345 sq. ft.
Block A - Unit 5 (A) & (B) Ground Floor - 167 sqm. 1,797 sq. ft.
Block B - Units 1 & 2 Ground Floor - 155 sqm. / 1,671 sq. ft.
Block B - Unit 3 Ground Floor - 124 sqm. / 1,335 sq. ft.
Block B - Unit 4 First Floor - 290 sqm. / 3,121 sq. ft.
Total Accommodation - 1,814 sqm. / 19,525 sq. ft.
FEATURES
• Comprises two commercial buildings extending to approximately 1,814 m² (19,525 sq ft) • The units are currently occupied by eight wellestablished tenants representing a good mix of retail and service businesses • The property benefits from individual entrances to the various units • Hard-surfaced circulation areas • Customer parking • loading facilities • Convenient vehicular access throughout the development
LOCATION
The property is prominently situated within Balmoral Industrial Estate, immediately northwest of Navan Town Centre. The estate occupies a highly accessible position close to the junction of the N51, R147 and R895, providing convenient access to Navan and the surrounding regional road network, including the M3 motorway. The property is within walking distance of Navan Town Centre and close to Navan Shopping Centre, Blackwater Park, local schools, shops and a wide range of commercial and recreational amenities.
Balmoral Industrial Estate is an established commercial location accommodating a mix of retail, industrial and service-based businesses.
BER Rating: BER E
Important Info / Terms and Conditions
TERMS & CONDITIONS - PLEASE READ CAREFULLY
• Viewing: If you wish to view the property, you should contact Raymond Potterton & Co. on 046 9027666. We will facilitate you and arrange access for you and/or your surveyor.
• Description Of Property: The particulars contained in our brochure / advertising / social media are issued by Raymond Potterton & Co. on the understanding that all negotiations are conducted through them. All descriptions, dimensions, etc., included in the particulars, and any statements made by Raymond Potterton & Co. or our representatives, are made in good faith and are not intended to form a basis for any Contract. Any intending purchaser should not rely on them as statements or representations of fact but should satisfy themselves by inspection or otherwise as to the accuracy of same before committing themselves to a Contract. Any maps, plans or photographs in the brochure shall be indicative only and shall not form part of the Contract.
• Guide Price: The guide price should not be construed as being the selling price of the property and it is the purchaser’s responsibility to decide on how much to bid at the auction.
• Legal Documentation: Prior to the auction, the solicitor for the vendor will make available the legal documentation in relation to the property, copies of which are available from vendor’s solicitor. It is important to consult your solicitor in relation to the Contracts / Conditions Of Sale of the property before bidding as you will become legally bound by the said Contract / Conditions Of Sale if you are the highest bidder and the property is knocked down to you.
• Identification: In order to register, it will be necessary to upload a copy of your passport / driving licence and proof of address, i.e., bank statement, correspondence from a Government agency / source, dated within the last 3 months.
• Registration: In order to bid at the auction, it will be necessary to register with our office, 38 Watergate Street, Navan, Co. Meath, at least 2 business days prior to the auction. The auctioneer assumes the bidder is bidding for himself/herself. If the bidder intends to purchase a Lot in a name other than his or her personal name, arrangements must be made with the auctioneers in advance. By registering you are deemed to have accepted the terms and conditions of the auction and authorise us, as agents for the vendor, to sign the completed Contract for Sale on your behalf.
• Reserve Price: The price agreed between the vendor and the auctioneer at which the property can be sold. In the event of the property not reaching the reserve, the auctioneer will deal exclusively with the highest bidder (for half an hour following the auction) in order to realise a satisfactory sale. If a deal is not concluded, then the auctioneer may deal with the under-bidders and any other interested parties following that period of negotiation.
• Deposit: A deposit of €10,000 is required in order to bid and this is payable in advance of the auction by online bank transfer. Our bank details will be provided to you at registration. The successful bidder’s deposit will become non-refundable as soon as the property is sold and a binding Contract is entered into and the agents are hereby authorised to sign the Contract For Sale on your behalf. The deposit payable on the signing of the Contract is 10% of the purchase price. If there is a shortfall in the deposit furnished by the purchaser prior to the auction, then the purchaser shall be required to lodge the balance of the deposit with the auctioneers within 1 business day of the online auction. If you are not the successful purchaser, your deposit will be returned to you (in full).
• General Conditions: The highest bidder to be the purchaser, subject to the right of the owner to withdraw the property should the reserve not be met. The Particulars and Conditions Of Sale may change prior to the auction and it is the sole responsibility of the bidder to make sure they have the latest version. The auctioneer reserves the right to sell the property prior to auction, withdraw the property from auction, change the order of the Lots, or consolidate the Lots without any notice to any prospective purchaser.
• LSL Online Platform: Neither Raymond Potterton & Co. or LSL Online Auctions, their servants or agents shall be responsible in any manner whatsoever, whether in contract law, tort, common law or otherwise for any loss arising in whatever fashion as a result of loss of internet connectivity during the auction process. The bidder accepts that such contact is at the bidder’s own risk and in the event that the internet link is not established or breaks down, or if there is any confusion or disruption, then the bidder will not be able to participate in the auction.