Lot 5430365, (2) 12 Broad Street, Waterford, Waterford City, Co. Waterford

Available From: Immediately Opportunity to acquire excellent investment property in prime city centre location!

Location:
12 Broad Street occupies a strategic corner position in Waterford City at the intersection of Broad Street and Peter Street and enjoys significant frontage to both streets.
City Square Shopping Centre is located a short distance from the property and is anchored by Dunnes Stores. The Centre also provides a large underground car park.
Waterford City is the regional capital of the South-East of Ireland with a population of 53,504.

Description:
The property comprises of a three-storey over part-basement level, corner building with a single-storey return section.
The ground floor and basement consist of a commercial unit. The first and second floors each comprise of a 36 sq. m studio apartment and a 54 sq. m one-bedroom apartment.
The property can be more particularly be described as follows:
Structure: Pre-cast concrete construction incorporating concrete panelled wall units and concrete block walls.
Roof: Flat roof in asphalt covering.
Floors: Concrete throughout.
Windows: Anodised aluminium with plate glass to the upper floors with a timber shop front installed at ground floor.

Tenancy:
The ground floor and basement of the property are let to the Governor
and Company of the Bank of Ireland for a term of 35 years from 1st
September 1990 at a current rental of 83,000pa with 4 years remaining. This unit has been sublet to Claire s Accessories since 2011 for 69,000pa.
The four apartments included in the premise have been let to Waterford
City & County Council on a 20 year lease with over 18 years remaining.

Title:
The property is of freehold interest.

BER :
Apartment 1 & 2 - D1
Apartment 3 & 4 - C1
Commercial Unit - C3
Ground Floor - Bank of Ireland

Front Unit/Retail 51.6 sq. m.

Rear Unit/Retail 25.2 sq. m.

Basement/Stores 23.0 sq. m.

Remainder of Property

Ground Floor Office 9.7 sq. m.

First Floor Office 80.3 sq. m.

First Floor Store 3.7 sq. m.

Second floor Offices 80.8 sq. m.

Second Floor Kitchen 6.0 sq. m.