7 Watergate Street, Navan, Co. Meath, Navan, Co. Meath
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€750,000
Investment Property For Sale2,115 sq. feet (196 sq. metres)
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Contact Name: Andrew Kelly
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Property Description
The property comprises a self-contained, three-storey building presented in good condition throughout, arranged as follows:
The ground floor is occupied by a pharmacy, fitted out to a high standard and comprising a consulting room, office, storage room, toilets, staff kitchen, and additional storage to the first floor.
The first floor and second floors are self contained and sublet to a GP practice with a signed Deed of Renunciation.
Investment Summary
7 Watergate Street presents an excellent investment opportunity, held freehold. The entire is let to Hickey's Pharmacy Limited (wholly owned by Uniphar Plc) on a 35-year full repairing and insuring lease from 28th February 2003, producing a current passing rent of €62,500 per annum and reflecting a WAULT of 11.4 years. The property is offered to the market with a guide price of €750,000, reflecting a net initial yield of 7.58% after standard purchaser's costs, subject to contract.
BER Details
Energy Performance Indicator: 0.00 kWh/m2/yr
This property was last updated: today, 5 hours ago
