42 Michael Street, Waterford, Waterford City, X91DR5W

42 Michael Street is a two-storey mid terrace retail property extending to approx. 114 sq. m.

Located on Michael Street in the heart of Waterford City, the subject property is conveniently located less that 150m from John Roberts Square, less than 130m to City Square Shopping Centre and less than 300m to the Quay. Close to some popular retail premises including Dunnes Stores, Penney’s, The Book Centre, Pandora, Lifestyle Sports and Dealz.

The property has vacant possession of the ground floor, with the tenant on the first floor is on a rolling 12-month lease, having been in occupation since January 2024.

The tenant on the ground floor who has recently vacated, was a bookie’s and had paid a significant passing rent, this provides the new owner an opportunity to acquire a retail tenant.

This shows the potential rental uplift achievable on the investment.