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Bargain property or too good to be true?

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  • 17-02-2014 11:07am
    #1
    AbbotSinical
    Registered Users Posts: 16 ✭


    Big property in town centre - is Waterford really falling further behind the rest of the country this year?

    Property Description:

    Modern offices approximately 2,600 sq ft (243 sq m).

    Conveniently located within minutes walk to Waterford City Courthouse, Peoples Park and Waterford City Centre. The premises is also located within close proximity to Tesco Poleberry, Odeon Cinema, TK Maxx and all local amenities.

    Benefits from UPVC double glazed windows and gas fired central heating.

    Accommodation comprises of ground floor - reception, three offices, disabled wc and first floor includes 2nd reception, boardroom, open plan office, main office and w.c with w.h.b.

    Ample parking available at Railway Square and Millars Marsh.

    We are advised the term of lease is as follows:
    Tenant - JP O'Donohoe & Co Solicitors. 10 year lease. Rent €10,000 per annum.


    10% rental return!! Could try and get a mortgage at 5 or 6%?

    http://www.daft.ie/searchcommercial.daft?id=124864
    Tagged:


Comments

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    #2
    looksee
    Registered Users Posts: 28,080 ✭✭✭✭looksee


    That's one way of spreading the word, I suppose.


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    #3
    jhegarty
    Registered Users Posts: 6,436 ✭✭✭jhegarty


    If it was that good a deal I know a firm of Solicitors & Accountants that would be interested.

    They are not interested you say. What's up with that ?


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