For Sale AIB, Castle Street, Ardee, Co. Louth

FILLER PICTURE

Property Highlights Contact Peter Love • Investment opportunity situated in Ardee, Co. Louth. The property Email: [email protected] enjoys a prominent position on the busy Castle Street which forms part Tel: +353 1 639 9612 of the main thoroughfare in Ardee Town. • The property comprises a bank located on the ground floor of a three Gareth McKeown storey development. The accommodation on the upper two floors do not Email: [email protected] form part of this sale. Tel: +353 1 639 9396 • The units extends to 172.13 sq m (1,853 sq ft). Cushman & Wakefield • •The property is occupied by AIB under a 35 year lease from June 164 Shelbourne Road 1992, with 9 years remaining on the lease. Ballsbridge, • The current passing rent is €47,500 per annum. Dublin 4 Ireland Tel: +353 (0)1 639 9300

Brian Carroll Email: [email protected] Tel: +353 42 933 2173

Sherry FitzGerald Carroll Stapleton House Stapleton Drive Dundalk Co. Louth

Tel: +353 42 933 2173

cushmanwakfield.ie Location The property is located in Ardee, Co. Louth. It enjoys a prominent position on the busy Castle Street which forms part of the main thoroughfare in Ardee Town.

Ardee is a market town strategically located to the west of the main M1 motorway and is situated approximately 20 km from Dundalk, Drogheda, Slane and Carrickmacross. It is located is approximately 70 km north of Dublin. Ardee is the third largest town in the county, with a population of 4,928 (Census 2016).

The town itself has grown in size due to its accessibility to the M1 motorway with new residential developments being constructed around its main street. The town has, however, retained its traditional streetscape along the Main Street with retail, restaurant, offices and residential interspersed along its frontage.

Description The property comprises a bank located on the ground floor of a three storey development. The accommodation on the upper two floors do not form part of this sale.

In terms of the unit itself, it is laid out to provide a public service area to the front with offices, toilets and staff rooms to the rear. Then unit extends to 172.13 sq m (1,853 sq ft). Schedule of Accommodation Tenure

Floor Sq M Sq Ft Held under a long leasehold title of 500 years from 1 January 2015. Ground floor 172.13 sq m 1,853 sq ft Rates

We understand that the 2018 Rates payable to Tenancy Louth County Council are approximately €6,850 The unit is let to Allied Irish Bank on a 35 year per annum. lease from 30th June 1992 at a passing rent of €45,000 per annum. Guide Price Seeking offers in excess of €540,000 equating to BER details a Net Initial Yield of 8.11% after standard purchasers costs have been deducted. BER D1 BER No. 800373136 Viewing Energy Performance Indicator 802.77 kWh/m2/yr Strictly by appointment with selling agents.

Any intended purchaser will need to satisfy themselves as to the exact area of the subject property.

A full copy of our general brochure conditions can be viewed on our website at http://www.sherryfitz.ie/terms, or can be requested from your local Cushman and Wakefield office. We strongly recommend that you familiarise yourself with these general conditions. While care has been taken to ensure that information contained in Cushman & Wakefield publications is correct at the time of publication, changes in circumstances after the time of publication may impact on the accuracy of this information. PSRA Registration Number: 002222.