Lot 0, The Port Of Waterford Building, 2 Georges St, Waterford, Waterford City, Co. Waterford

Available From: Immediately Commercial investment property circa 975 sq m in the heart of Waterford, Ireland s oldest city. Prime 4 storey over basement listed Georgian building situated at the junction of Georges St, Gladstone St and O Connell St immediately adjacent to The Quays. Constructed in 1795 this stunning building was built to designs prepared by Waterford s famous Georgian architect John Roberts and retains its original form and character both to the exterior and the interior. Composed of balanced Georgian proportions, the house forms an attractive termination to the vista through Gladstone St from Merchant s Quay to the North East. Original features include an exquisite spiral staircase on an oval plan with glazed dome overhead, stone flooring, original fireplaces, timber sash windows and magnificent coving.

This is an established commercial location with professional firms and well established retailers occupying the majority of buildings in the vicinity. Neighbouring occupiers include Shaws, MW Keller solicitors, James F Wallace accountants, Pamela Scott, Evolution (formerly Jack & Jones), Michael Guineys and The Foxy Chopper hairdressers.

The property offers the new purchaser the opportunity to purchase one of the best known buildings in Waterford city. The Port of Waterford Building is a stunning workplace which allows efficiency of work in a professional setting, permitting a business to present itself in its best light to their clients.

Accommodation:
Basement - sympathetically refurbished in 2007, with the addition of original style arches allowing for a more open plan configuration. C235 sq occupied by La Boheme restaurant with 15 years remaining on lease. Current abated rent is 18,000 euro per annum.
Ground Floor c 190 sq m of office accommodation. Presently vacant
First Floor bright, comfortable office accommodation c 190 sq m to include reception, boardroom, kitchen, office, wc x 2. The front half of the First floor is occupied by Waterford Chamber of commerce. It is held on foot of a lease which allows the Chamber rent free usage of the space until 2053. The rear half of the first floor is rented by Waterford Chamber for 16,000 per annum.
Second Floor c 190 sq m office accommodation. Presently vacant.
Third Floor c 170 sq m office accommodation, occupied by South Eastern Regional Assembly, mainly on a 9 yr 9 month lease from 1st October 2006. 21,000 pa.
Spacious yard to the rear allowing rear access and parking.

We are advised the rates liability for 2014 is as follows:-

Basement 3,195.36
Ground floor 3,656.52
Pt First floor 3,738.68
Second Floor 2 A 871.92
Second Flood 2 B 723.24
Second Floor 2 C 793.80
Third Floor 3 A 1,249.92
Third Floor 3 A 393.12

Full lease details available on request. Zoning is City Centre Commercial with the immediate area zoned Core Shopping Area Opportunity Site. BER Exempt.